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Europe: What grain prices are expected to start the new year?

Seeds / Oil Seeds

France

Trade Policies

Grain & Cereals

Price

Published Dec 7, 2023

Tridge summary

Wheat futures for December 2023 decreased from €232.25/ton to €223.00/ton, with an average futures price of €225.25/ton. Corn futures for March 2024 decreased from €206.00/ton to €200.00/ton, with an average price of €204.12/ton for November. Russia's oilseed processing capacity will reach 30.8 million tons per year in 2023, and flour exports will exceed 1 million tons for the first time in history.

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

Original content

On the futures market, wheat for delivery in December 2023 saw a decrease in quotations by EUR 9.25/ton - from EUR 232.25/ton at the beginning of the month to EUR 223.00/ton at the end. More on the topic: BGN 80/t keeps sunflower sellers and buyers apart in our country The average futures price for December is 225.25 euros/ton, the Ministry of Agriculture and Food stated in its monthly overview of the international grain and oilseed markets. In the European futures market for March 2024 delivery, corn started at €206.00/ton. At the end of the considered period, it reached 200.00 EUR/ton, and the reduction in quotations was by 6.00 points. The average futures price for the month of November is EUR 204.12/ton. For rapeseed, the average futures price for February 2024 is EUR 435.94/ton, for May 2024 – EUR 441.88/ton, and for August 2024 – EUR 442.38/ton. In Ukraine, the Ministry of Agriculture announced that it is keeping its forecasts for winter wheat areas unchanged at 4.36 million ...

Source: Agri