European wheat market focus for the week: French wheat prices fall, focus on Black Sea supply

Foreign media news on October 8: In the 40th week of 2023, French wheat spot prices fell. ​ As of Thursday (October 5), the delivery price of first-class French wheat at the French port of Rouen was $245 per ton, down $4 from a week ago. The price range over the past 52 weeks was $239 to $359 per ton. . ​ The price of second-grade wheat in Argentina was US$300/ton, down US$3 from a week ago; the price of US No. 2 hard red winter wheat was US$307/ton, down US$2; and the price of US No. 2 soft red winter wheat was stable at US$249/ton. ​ On Friday, the most actively traded December wheat futures on Euronext closed at 234.75 euros/ton, down 0.3% from a week ago. During the same period, Chicago wheat rose 4.9%. ​ Market concerns about Black Sea supply have intensified again this week due to reports that a Turkish cargo ship struck a mine in the Black Sea. However, the Turkish Maritime Administration said on Friday that the ship was not damaged by the explosion, and the Black ...