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Wheat Prices Rise While Corn Sees Sharp Drop in Grain Market

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Wheat Prices Rise While Corn Sees Sharp Drop in Grain Market

According to data from 15 commodity exchanges, wheat and barley prices closed the week with a premium, while corn prices recorded a sharp drop of 2,877 Turkish Lira per ton due to the impact of the last trading day.

According to average data from 15 commodity exchanges, an upward movement was recorded in wheat and barley prices during the four trading days between September 28 and October 2. Bread wheat started the week at 17,408 TL/ton, fell to 17,339 TL on September 30, then rose to 17,390 TL on October 1 and 17,636 TL on October 2. Especially with an increase of 246 TL from October 1 to October 2, the net increase in bread wheat was calculated as 228 TL per ton. In the same trading period, barley prices also increased by 106 TL per ton.

Durum wheat premiums rose by 314 TL per ton, from 17,994 TL/ton to 18,308 TL/ton in exchange averages. The most notable development in the grain market was observed in corn prices. According to data from 15 commodity exchanges, corn experienced a sharp decline of 2,877 TL per ton over four days. Examining the price movements in the exchanges, it was determined that the majority of the sharp value loss in corn stemmed from transactions that occurred on the last trading day of the week.

Weekly Grain Price Changes in Stock Exchanges

Average Data from 15 Trade Exchanges (September 28 - October 2)

Durum Wheat
314 TL/tonne
Bread Wheat
228 TL/tonne
Barley
106 TL/tonne

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