EU: What are the sentiments for trading wheat, canola, and corn?

Published 2022년 10월 12일

Tridge summary

The article reports a rise in the futures market quotations for December wheat and corn by EUR 19.00/ton and 13.00 points, respectively. The average futures price for December wheat is EUR 342.38/ton, while for corn, it is EUR 333.25/ton. The Ministry of Agriculture also highlights changes in the futures market prices for rapeseed and the impact of drought and bird flu on crop yields. Additionally, the article discusses developments in the global grain and oilseed markets, including import duties on sunflower oil by Turkey, the UN's urging for the reintroduction of Russian fertilizers to avert a food crisis, and changes in fertilizer usage by French farmers. It also mentions the status of winter crop sowing in Russia and Ukraine, forecasted average EU maize yield in 2022, and concerns about bird flu impacting feed grain demand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On the futures market for wheat for delivery in December, quotations increased by EUR 19.00/ton - from EUR 337.75/ton at the beginning of the month to EUR 356.75/ton at the end. In Dobrudzha: Drought reduced corn yields by nearly 200 kg per hectare The average futures price for the month of December is EUR 342.38/ton, the Ministry of Agriculture stated in its monthly overview of the international grain and oilseed markets. In the European futures market for November delivery, corn started at €328.00/ton. At the end of the considered period, it reached 341.00 euros/ton, which is an increase in quotations by 13.00 points. The average futures price for the month of November is EUR 333.25/ton. For rapeseed, the average futures price for November is 602.69 euros/ton, for February 2023 – 609.19 euros/ton, and for the month of May 2023 – 612.56 euros/ton. Turkey raises import duty on sunflower oil from 0% to 10%. The United Nations says Russian fertilizers must return to world markets to ...

Source: Agri