Cereal markets – between value and competitiveness

In brief: • Markets await the outcome of the meeting between Trump and Xi Jinping • European wheat prices rise, losing ground to competitors And yesterday, the overall price momentum on international stock markets was set by Chicago and transferred to Paris. Now, all market participants are looking to the future, following the meeting between Donald Trump and his Chinese counterpart Xi Jinping. Testing levels of 193 euros per ton on the December contract on Euronext, European wheat again tread the fine line between value and competitiveness. Thus, the price difference between French and Argentine origin recorded the largest gap since 2021, which poses a new challenge for European exports. On the other hand, Russian wheat is trading at a price of 233 dollars per ton, or just 5 dollars per ton above French wheat. Looking at the Black Sea region, feed barley purchase prices at ports in Ukraine continue to rise. According to APK-Inform, prices continue to be supported mainly due ...