According to the trading results of March 26 on the CBOT exchange, prices for major cereals fell to $199,7 (-$4,2) per ton, wheat - to $199,7 (-$4,2) per ton, corn - to $170,2 (-$2,1) per tonne, soybeans - to $440,6 (-$3,7) per tonne, which is the lowest level in the last week.
In the wheat segment, pressure on prices was exerted by the appreciation of the US dollar, lower demand from China and a large supply of cheap wheat from Russia in the global market.
In the soy and corn segment, prices fell due to low speculative sales as market participants anticipated the release of USDA acreage and grain inventory data in the USA wait. Against this backdrop, US farmers are actively selling their soybean and corn stocks, trying to reduce risks on the eve of the USDA report.
According to the Reuters survey, U.S. soybean acreage could reach 2024 million acres in 86,5, up 2,9 million acres from last year, and corn acreage could reach 91,8 million acres, up from 94,6 million .acres decline last year.
Source: APKinform (Ukraine)