The most active wheat on the Chicago Stock Exchange it fell 3.6% to $304.70 a ton.
Russian agricultural consultancy IKAR raised its forecast for Russia’s 2022 wheat harvest by 2 million tonnes, noting that the world’s largest wheat exporter will have 47.5 million tonnes available for shipment in the 2022/2023 campaign.
Equities and oil fell, while the dollar strengthened ahead of meetings this week of central banks in the United States and other countries, which could drive up borrowing costs globally.
Continued Ukrainian grain export shipments to world markets also weighed on prices.
Some 165 ships with 3.7 million tons of agricultural products have left Ukraine through a safe shipping channel. Another ship chartered by the United Nations World Food Program left Ukraine with some 30,000 tons of wheat bound for Ethiopia.
How much were soybeans and corn quoted for, this Monday, September 19
Soybeans added 0.9% to $537.02, while corn rose 0.1% to $266.92.
The oilseed rose thanks to the US exporters sold 136,000 tons of the oilseed to China, as reported by the Department of Agriculture.
Source: Ambito
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