( Grain Commentary ) This is a grain market update of September 10th
The board is lower to start the week as a looming record large Import Report along with collapsing Iran Grain markets cast a negative shadow across the floor. Heavy old crop movement across the Iran Province has also been noted as producers prepare space for the upcoming harvest.
Compared to last two weeks ago , trade activity to limited on feed grade grains to trend .feed grade corn trade activity steady , demand moderate at 3 percent lower EXW. Feed grade soybean meal trade activity steady, with demand moderate to good, trading 3% higher EXW .According to the IFIA Prices negotiated spot market, IR Rial / KG , ( 35440 IR Rial= 1US $ )
*CORN (FEED YELLOW), Price this week 8500 Rial/KG , 2 week ago 8700 Rial/kg ,Year ago7000 Rial/KG
*Barley (FEED YELLOW), Price this week 6900 Rial/KG , 2 week ago 7200 Rial/KG, Year ago7800 Rial/KG
*Soybean Meal (FEED YELLOW), Price this week 14600 Rial/KG , 2 week ago 14800 Rial/KG Year ago14000 Rial/KG