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The growing threat of drought in Europe, also in Poland, despite this, grain prices continue to fall

Canola Seed & Rapeseed
Published Jun 2, 2023

Original content

Wednesday brought a rebound in rapeseed prices on Matifa, but the session ended in the red for wheat and corn. And this despite growing concerns about weather conditions. Wheat fell yesterday by EUR 2/t to EUR 218.25/t, while the CBoT saw a correction by 3.25 ct/t to 694.25 ct/bu (EUR 204/t). The price of corn fell; June lost EUR 1.25 (EUR 217/t), On CBoT July gained 4.5 ct (598.5 ct/bu, EUR 220.50/t). Rapeseed gained EUR 10.25/t yesterday and closed at EUR 395.25/t. In China, the wheat harvest is disrupted by rainfall; less and less grain is available for consumption. The area of winter wheat in Australia will increase to 13.44 million hectares, which is 2.9% more than last year and 11.5% more than the five-year average. Last week, the number of net shorts on Matif decreased sharply; dropped from 82,000 up to 68 thousand There is growing concern about the weather in Europe. – In the northern part of France, Germany, the Czech Republic and Poland, there will be almost no rainfall ...
Source: Wrp
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