Hopes for price increases quickly cooled down: Grain prices on world stock exchanges on December 19, 2023

Monday's increases turned out to be just an exception between consecutive declining days. Yesterday, wheat and rapeseed prices fell on the Paris Matif, while the price of corn remained unchanged. Low prices of Russian wheat, which are basically a reference point on the market, as well as the strong euro do not allow for a breakout on Matif. as a result, the price of wheat dropped yesterday by EUR 1 per tonne to EUR 223/t. The news that Egypt had purchased almost 0.5 million tons of Russian grain was also depressing. – As of December 17, EU soft wheat exports reached 13.98 million tonnes, down 16% from last year's 16.55 million tonnes, the European Commission said on Tuesday. Although the gap from the previous season narrowed in recent weeks, reflecting the inclusion of delayed data from Bulgaria, EU exports continued to be held back by large supplies from Russia, as well as a recovery in Ukrainian maritime trade, Kaack reports. The most exported countries were: Romania with 3.67 ...