EU wheat stabilizes below €245/t

Published 2024년 6월 10일

Tridge summary

Wheat prices on Euronext are stable after a drop due to Turkey's decision to halt wheat imports until October, allowing Russian wheat to be distributed to other countries. The early start of harvests in the United States and the Black Sea is also contributing to the stable trend. Corn prices are mixed, influenced by the trend in wheat and favorable growing conditions in the United States. At mid-session, September 2024 wheat is at €243.75/t and December 2024 wheat gained €0.25/t to settle at €252.25/t. November 2024 corn rose by €0.25/t to €217.25/t, while August 2024 corn eased by €1.25/t to €218.75/t.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat prices were moving on a stable trend this Monday at mid-session on Euronext, after their new drop recorded last Friday. Turkey's decision to block wheat imports until next October should in fact release Russian volumes to other importing countries in the first part of the campaign. The early start of harvests in the United States and the Black Sea also continues to weigh on the trend, while recent Algerian, Egyptian and Tunisian calls for tenders have once again underlined the strong competitiveness of Black Sea origins internationally. . Corn prices are moving in a mixed order, in the wake of soft wheat and in the face of favorable growing conditions in the United States. Around 1:00 p.m., Euronext wheat ...
Source: TerreNet

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