Grain markets look ahead

Published 2025년 4월 7일

Tridge summary

The euro's weakness against the dollar is providing support to western European wheat exports, with France selling wheat to Egypt. Due to higher levels of Black Sea wheat, French wheat is struggling in the export market. However, Ukrainian corn could potentially replace American corn due to imposed tariffs and possible retaliatory measures, as Ukrainian corn is competitively priced and has strong ties with the EU and Asian markets. The EU, Australia, and China are likely to adopt retaliatory measures against US tariffs, creating strategic opportunities for Ukraine in the grain and oilseed export market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In brief: • New hopes for European exports • Ukraine prepares to increase its market share in corn exports The euro’s weakness from a six-month peak against the dollar on Thursday gave some support to Euronext, fueling traders’ hopes for near-term export opportunities for western European wheat. According to Argus sources, French wheat has been sold to Egypt for near-term delivery, further boosting the positive sentiment. “French wheat is struggling for export sales at a time when Black Sea wheat (Russian, Ukrainian and Romanian) is at higher levels,” said a German trader. In addition, wheat futures in Paris fell further on Friday as China’s retaliation against the huge US tariffs deepened the sell-off in financial markets. At the end of the session, the May contract on Euronext fell 0.2% to 220.50 euros per tonne. On the Chicago Board of Trade, the week ended with a more pronounced decline for wheat. “We may see an unexpected turn in trade that could even support ...

Source: Agri