Los Mochis, Sinaloa.- The wheat futures to July 2022 they fell with the news that Sovecon, one of the main agricultural consultants in Moscow, increased by 200 thousand tons, the forecast of exports from Russia, which ranks as the 3rd world producer (10% of supply) and the first exporter of this grain (17% of exports). Meanwhile he corn followed the trend of wheat.
The Confederation of Agricultural Associations of Sinaloa (Caades) announced that in this scenario, at the close of the operations carried out yesterday by the Chicago Grain Exchange, July 2022 corn futures lost 2.8 dollars to settle at 243.79 dollars, which represents an estimated producer income of $5,814.75 per ton of corn. While September corn futures rose 0.5 dollars to settle at 230.5 dollars.
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On the other hand, wheat futures to July 2022 lost 7.9 dollars to settle at 279.44 dollars, which represents an estimated producer income of $6,323.38 per ton of bread wheat. While September wheat futures fell 7.6 dollars to settle at 279.71 dollars.
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