News

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

Grains, Cereal & Legumes
France
Market & Price Trends
Published Dec 8, 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 a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

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

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