{"id":11737,"date":"2020-07-21T17:30:31","date_gmt":"2020-07-21T12:00:31","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=11737"},"modified":"2020-07-21T10:55:13","modified_gmt":"2020-07-21T05:25:13","slug":"world-grain-market-report-of-corn-soybean-and-wheat","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/world-grain-market-report-of-corn-soybean-and-wheat\/","title":{"rendered":"World Grain Market Report of Corn, Soybean and Wheat"},"content":{"rendered":"\n<p>Despite the ongoing economic war between<a href=\"http:\/\/grainmart.in\/news\/china-confirms-purchase-of-corn-and-soybeans-from-the-usa\/\"> China and the US<\/a>, the agricultural trade between the two countries went strong.\u00a0There were favourable gains in the wheat, corn and soybean market.<\/p>\n\n\n\n<p><strong>Wheat Prices Increase on High Demand<\/strong><\/p>\n\n\n\n<p>The global <a href=\"https:\/\/www.grainmart.in\/news\/supply-chain-most-important-during-lockdown-to-ensure-supply-of-essentials-to-1-3-billion-indian-citizens\/\">supply chain<\/a> tightened, and it pushed the wheat prices higher.\u00a0 Accordingly, the US wheat futures saw a weekly gain of 0.5%, and this has been the third straight week in which wheat futures have seen an increase.\u00a0Also, the prices were up by 0.4% to $5.37 for half a bushel in the <a href=\"https:\/\/www.grainmart.in\/news\/prices-of-agricultural-commodities-weakened-by-over-20-in-india-due-to-coronavirus\/\">agricultural trade.<\/a>\u00a0 <\/p>\n\n\n\n<p>Further, there was speculation that China would buy US soft red winter wheat.\u00a0Due to this, Chicago attracted buyers.\u00a0Similarly, Kansas City wheat and Minneapolis wheat tried to replicate the same, but couldn\u2019t garner interest.\u00a0However, by the weekend, the Chinese rumours weren\u2019t confirmed, and this caused the prices to plunge slightly.\u00a0<\/p>\n\n\n\n<p>Also, the production in Russia reduced to 79.7 MMT, which is 1.1 MMT less than last month.\u00a0Nonetheless, the US wheat futures have benefitted from this.\u00a0Further, the other two big producers of Argentina and Australia have been going in good stead.\u00a0Now, we must wait and see their impact on<a href=\"https:\/\/www.grainmart.in\/news\/rice-prices-surge-globally-amid-panic-buying-and-low-supply-due-to-coronavirus-lockdown\/\"> global prices.<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"350\" height=\"233\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/07\/wheat-grain-agriculture-seed-royalty-free-thumbnail.jpg\" alt=\"Wheat, Corn, and Soybean Market saw Favourable Gains in the Agricultural Trade\" class=\"wp-image-11760\" srcset=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/07\/wheat-grain-agriculture-seed-royalty-free-thumbnail.jpg 350w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/07\/wheat-grain-agriculture-seed-royalty-free-thumbnail-300x200.jpg 300w\" sizes=\"(max-width: 350px) 100vw, 350px\" \/><figcaption>Wheat, Corn, and Soybean Market saw Favourable Gains in the Agricultural Trade <\/figcaption><\/figure>\n\n\n\n<p><strong>Corn Prices Jumped on Increased China imports<\/strong><\/p>\n\n\n\n<p>The Chinese demand for US corn increased.\u00a0Supporting this, since July 10<sup>th<\/sup>, China has ordered <a href=\"https:\/\/www.grainmart.in\/news\/india-posts-trade-surplus-as-imports-plunged-owing-to-coronavirus\/\">imports<\/a> of more than 3 million tons of US corn.\u00a0Consequently, there was a 1% increase on US corn futures on Friday.\u00a0 Additionally, on the<a href=\"https:\/\/quotes.ino.com\/exchanges\/exchange.html?e=CBOT\"> Chicago Board of Trade<\/a>, the most active corn futures increased by 0.8% at 3.34$ a bushel by 0423 GMT in the global market.\u00a0<\/p>\n\n\n\n<p><strong>Soy Market up on High Chinese Demand<\/strong><\/p>\n\n\n\n<p>China is the top global buyer of soy. Owing to the increased demand from China, US soybean futures rose for a third straight session on Thursday. Further, the US department of agriculture confirmed 522,000 tons of soy exports to China and 351,000 tons to other places.\u00a0<\/p>\n\n\n\n<p>In all, the grains, corn, wheat and soybean saw a substantial rise in their prices. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agricultural trade between china and the US was strong. Wheat, corn, and soybean saw favourable gains in the global market. <\/p>\n","protected":false},"author":518,"featured_media":3640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1,5],"tags":[22167,8079,2337,13777,11585,120,22171,307,21839,14981,22172,9124,22169,22170,5216,11842,18377,22173,22168,22166,1515,2878,21875,65,22165],"class_list":["post-11737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-daily-price-updates","category-the-world","tag-agricultural-trade","tag-argentina","tag-australia","tag-chicago","tag-chicago-board-of-trade","tag-china","tag-chinese-demand","tag-corn","tag-corn-futures","tag-global-supply-chain","tag-global-wheat-price","tag-imports","tag-kansas-city-wheat","tag-minneapolis-wheat","tag-russia","tag-soybean-futures","tag-us-and-china","tag-us-corn","tag-us-soft-red-winter-wheat","tag-us-wheat-futures","tag-us-china","tag-usa","tag-usa-soyabean","tag-wheat","tag-wheat-price-higher"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Grain Market Report of Corn, Soybean and Wheat - Grainmart News<\/title>\n<meta name=\"description\" content=\"The agricultural trade between china and the US was strong. 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Wheat, corn, and soybean saw favourable gains in the global market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.grainmart.in\/news\/world-grain-market-report-of-corn-soybean-and-wheat\/\" \/>\n<meta property=\"og:site_name\" content=\"Grainmart News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/grainmart.in\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-21T12:00:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/03\/Grains-Wheat-and-Corn.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"851\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gayathri Arvind\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:site\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gayathri Arvind\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/\"},\"author\":{\"name\":\"Gayathri Arvind\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#\\\/schema\\\/person\\\/8d59d9bf4eefbc1522052358979cf391\"},\"headline\":\"World Grain Market Report of Corn, Soybean and Wheat\",\"datePublished\":\"2020-07-21T12:00:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/\"},\"wordCount\":346,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/Grains-Wheat-and-Corn.jpg\",\"keywords\":[\"agricultural trade\",\"argentina\",\"australia\",\"chicago\",\"chicago board of trade\",\"China\",\"chinese demand\",\"corn\",\"Corn Futures\",\"global supply chain\",\"global wheat price\",\"imports\",\"Kansas City wheat\",\"Minneapolis wheat\",\"Russia\",\"soybean futures\",\"US and China\",\"US corn\",\"US soft red winter wheat\",\"US wheat futures\",\"US-China\",\"usa\",\"USA soyabean\",\"wheat\",\"wheat price higher\"],\"articleSection\":[\"News\",\"Price Updates\",\"The World\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/\",\"url\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/\",\"name\":\"World Grain Market Report of Corn, Soybean and Wheat - Grainmart News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/world-grain-market-report-of-corn-soybean-and-wheat\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/Grains-Wheat-and-Corn.jpg\",\"datePublished\":\"2020-07-21T12:00:31+00:00\",\"description\":\"The agricultural trade between china and the US was strong. 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