European wheat market: French wheat prices rise, Chinese procurement rumors in focus

As of Thursday (October 23), the delivery price for first-grade French wheat at the port of Rouen was $227 per ton, up $1 from a week earlier. The price range over the past 52 weeks was $224 to $260 per ton. The price for second-grade wheat from Argentina's Upper River was $214 per ton, down $4 from a week earlier; U.S. hard red winter wheat was priced at $231 per ton, up $4; U.S. soft red winter wheat was priced at $231 per ton, up $10. According to futures market trends, on Friday (October 24), the most active December wheat futures on the Euronext exchange closed at 190.25 euros per ton, up 0.53% from a week earlier. Chicago wheat rose 1.74% over the past week. U.S. President Trump plans to visit Asia next week and meet with the Chinese President, with agricultural trade being one of the core topics. Market rumors suggest that China may be globally inquiring about purchasing wheat, including sources from the EU and Argentina, although there is currently no evidence of actual ...