Euronext wheat rises above €225/t

Wheat prices were rising again this Thursday at mid-session on Euronext, in a market once again concerned about the Black Sea supply. Growing conditions in Russia are particularly poor according to local analysts, while national areas are showing a significant decline compared to last year. The showers in Australia and a deterioration in grain quality are also giving the market some firmness. The strong competitiveness of Russian and Argentinian origins on the international scene remains, however, a major obstacle to the recovery movement on the European market. Corn prices continue to evolve on a stable to downward trend, within a community market well supplied by imported grains and the French harvest. Internationally, favorable weather conditions in South America and the risk of a trade war between the United States and Mexico are also degrading corn prices. ...