Grain price news

Here are some recent grain price news updates:

Wheat:

• The US Department of Agriculture (USDA) has forecast a 12% increase in global wheat production in 2022/23, driven by higher yields in major producers like Russia, Ukraine, and the European Union. (Source: Reuters)
• Wheat prices have fallen to their lowest level in over a year, with the Chicago Board of Trade (CBOT) wheat futures contract trading at around $5.50 per bushel. (Source: Bloomberg)
• The Australian Bureau of Statistics (ABS) has reported a 12% increase in Australian wheat exports in the 2021/22 crop year, driven by strong demand from Asia. (Source: Grain Central)

Corn:

• The USDA has forecast a 2% increase in global corn production in 2022/23, driven by higher yields in the United States and Brazil. (Source: Reuters)
• Corn prices have risen to their highest level in over two years, with the CBOT corn futures contract trading at around $5.80 per bushel. (Source: Bloomberg)
• The Brazilian government has announced plans to increase corn exports in 2022/23, with a target of 35 million metric tons. (Source: AgriMarket News)

Soybeans:

• The USDA has forecast a 4% increase in global soybean production in 2022/23, driven by higher yields in the United States and Brazil. (Source: Reuters)
• Soybean prices have fallen to their lowest level in over a year, with the CBOT soybean futures contract trading at around $11.50 per bushel. (Source: Bloomberg)
• The Argentine government has announced plans to increase soybean exports in 2022/23, with a target of 40 million metric tons. (Source: AgriMarket News)

Rice:

• The International Rice Research Institute (IRRI) has forecast a 2% increase in global rice production in 2022/23, driven by higher yields in Asia. (Source: IRRI)
• Rice prices have risen to their highest level in over two years, with the Thai rice futures contract trading at around $450 per ton. (Source: Bloomberg)
• The Indian government has announced plans to increase rice exports in 2022/23, with a target of 10 million metric tons. (Source: AgriMarket News)

Other grains:

• The USDA has forecast a 10% increase in global barley production in 2022/23, driven by higher yields in Europe and Australia. (Source: Reuters)
• Oat prices have risen to their highest level in over two years, with the CBOT oat futures contract trading at around $3.50 per bushel. (Source: Bloomberg)
• The European Union has announced plans to increase rye exports in 2022/23, with a target of 1.5 million metric tons. (Source: AgriMarket News)

Please note that grain prices can fluctuate rapidly and may be affected by a range of factors, including weather conditions, global demand, and government policies.