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Euronext wheat falls back below €230/t

Published Jan 15, 2025

Tridge summary

Wheat and corn prices on Euronext have fallen due to the lack of competitiveness of French origins on the international market, with Argentine and Australian competition looking more attractive. FranceAgriMer has also reduced its estimate of domestic consumption and intra-community exports, leading to an increase in the expected stock at the end of the campaign. At mid-session, Euronext wheat and corn prices for delivery in March and May 2025 fell by €2/t and €1.75/t respectively.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat prices continued their decline this Wednesday at mid-session on Euronext. The lack of competitiveness of French origins on the international scene continues to weigh on the trend, while Argentine and Australian competition is becoming more attractive. Corn prices also suffered some losses at mid-session, under the weight of profit-taking and selling pressure observed across the Atlantic. The arrival of rain in Argentina is also gradually reassuring the market, after the dry and hot conditions of recent weeks. In France, FranceAgriMer has also reduced its estimate of domestic consumption in its latest monthly report, as well as the target for intra-community exports. The expected stock at the end of the campaign has therefore been raised by 120 kt, to 2.8 Mt, an increase of 800 kt compared to the 23/24 campaign. ...
Source: TerreNet
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