French wheat prices trail global market prices lower

Foreign media news on November 19: In the 45th week of 2023, French wheat spot prices fell, following the trend of the world's major benchmark wheat futures prices, reflecting the competitive pressure brought about by the abundant supply of cheap wheat in the Black Sea. The strong rise in the euro exchange rate also has a negative impact on the European wheat quotes put pressure on the market. ​ As of Thursday (November 16), the delivery price of first-class French wheat at the French port of Rouen was $249 per ton, down $2 from a week ago. The price range over the past 52 weeks was $239 to $347 per ton. . ​ The price of Argentina's second-grade Shanghe wheat is US$248/ton, down US$7; the price of US No. 2 hard red winter wheat is US$282/ton, down US$8; the price of US No. 2 soft red winter wheat is US$247/ton, down US$10. ​ On Friday, Euronext's most actively traded March wheat futures closed at 232.25 euros/ton, down 1.8% from a week ago. The contract fell to a five-month ...