Los Mochis, Sinaloa.- The uncertainty in the renewal of the grain output agreement from the Black Sea, which expires at the end of this week, as well as a rebound in global grain demandare slightly pushing up grain prices.
Samuel Sarmiento, expert in agricultural markets announced that in this scenario, this Wednesday, the futures of corn as of July 2023 they gained 1.0 dollars to settle at 241.03 dollars, which means an estimated income for the producer of $5,631 per ton of corn (considering the BASE of 61 dollars proposed by SEGALMEX), while corn futures as of September 2023 fell 0.6 dollars to settle at 222.82 dollars.
On the other hand, wheat futures as of July 2023 gained 2.3 dollars to settle at 261.98 dollars, which means an estimated income to the producer of $5,462 per ton of bread-making wheat (considering the BASE of 31 dollars proposed by SEGALMEX), while September 2023 wheat futures rose $1.9 to settle at $265.57.
