Wheat was once again the main protagonist of the day in the
Thus, the cereal fell 3.66% (
According to the grain broker Granar, the fall was due to “a withdrawal of investors’ profits and to the very good prospects for the Russian harvest, which will start to enter the market at the beginning of July”.
The consulting firm SovEcon raised today from 87.40 to 88.60 million tons its estimate for the 2022/2023 Russian wheat crop, which would be a record and much higher than the 76 million tons of the 2021/2022 season.
other hand, the Ukrainian government and representatives of the
This point also had an impact on the soybean market, which fell 0.91% (
In this case, it was not because of the release of grains, but because of the release of sunflower oil, which meant a fall of 3.52% (
On the other hand, soybean meal rose 0.54% (
Finally, corn lost 2.4% (