European wheat market: French wheat prices fall due to lack of export competitiveness

As of Thursday (July 18), the delivery price of first-grade French wheat at the port of Rouen, France, was $232/ton, down $7 from a week ago. The price range in the past 52 weeks was $209 to $292 per ton. The price of second-grade wheat in the upper river of Argentina was $274/ton, up $2 from a week ago; the price of US No. 2 hard red winter wheat was $256/ton, down $10; the price of US No. 2 soft red winter wheat was $215/ton, down $13. On Friday, the most active December wheat futures on the Euronext closed at 231 euros/ton, up 2.25 euros or 0.98% from a week ago; Chicago wheat fell 1.45% last week. In the past week, Egypt and Algeria held international tenders and purchased a large amount of wheat. But Western European wheat failed to There were gains in these tenders. German traders said Algeria and Egypt bought about 1.5 million tonnes of wheat in the tenders, but low prices for Black Sea wheat, especially Algeria's purchases, have dampened optimism in the market as prices ...