News

EU wheat rises above €205/t

Wheat
Published Apr 20, 2024

Tridge summary

Wheat prices in the European market are cautiously recovering amid concerns about adverse weather conditions in the Northern Hemisphere, including drought in parts of the Midwest and Russia, and recent cold snaps in Europe. FranceAgriMer's report indicates a decrease in the quality ratings for soft wheat and winter barley compared to the previous year, and notes that the planting of grain corn is delayed. Euronext futures for wheat and corn in 2024 have shown minor adjustments, with stable prices for May 2024 wheat and slight increases for September 2024 wheat and June and November 2024 corn.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat prices timidly continued their recovery movement started the day before on the European market, this Friday at mid-session. Climatic conditions in the Northern Hemisphere are indeed causing increasing concern due to a lack of precipitation in part of the Midwest and Russia, and the rapid drop in temperatures recorded in recent days in Europe. In its latest weekly report, FranceAgriMer also maintained its “good to very good” soft wheat ratings at only 64%, compared to 93% last year at the same period. Winter barley ratings also remain low (67% compared to 91% in 2023), while sowing of grain corn is still significantly behind schedule, with 12% of projects completed as of April 15, according to, compared to 26% in average five years. Around 1:00 ...
Source: TerreNet
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