Grain market trends in the French press

Published Aug 9, 2022

Tridge summary

The stock market price of grain has dropped due to the Ukrainian crisis, high harvest prospects in Canada and Russia, and decreased demand. The price drop is seen in rye grain and other commodities like sugar and vegetable oils. The Russian grain harvest is expected to allow for up to 40 million tons of exports in 2022-2023. However, France's grain prospects are dim due to drought and heat, causing a decrease in yield. Despite these challenges, French grain producers remain hopeful. Additionally, there is an expected increase in rapeseed production in France in 2022, with a forecast of 3.9 million tons, which is a 17.8% increase from 2021.

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

Original content

This “pulls down” the stock market price of grain. While the price peak in 2011 was triggered by the "Arab Spring", the current one is clearly due to the Ukrainian crisis. Attention is primarily focused on rye grain, including wheat. The fall in prices is not only due to the good harvest prospects in the northern hemisphere (mainly in Canada and Russia), but also to the decline in demand. Sugar and vegetable oils have also seen a price drop. The Russian grain harvest promises to be so good that the country can export up to 40 million tons in 2022-2023. This is partially reflected in the prices of the Paris grain exchange, where after 420-440 euros/ton in March and May, the exchange rate "softened" between 340-360 euros/ton. The prices jumped mainly because of the grain stuck in Ukrainian ports on the Black Sea. After it became clear that Russian exports will continue and the trapped Ukrainian stocks are smaller than market participants expected, so although the traders have ...

Source: magyarmezogazdasag