After Friday's increases, the prices of wheat and rapeseed in Paris' Matif fell on Tuesday. The exception was corn, the price of which increased significantly in contracts for June, but symbolic or even losses were recorded in contracts for the remaining months. The Chicago Stock Exchange was closed for the holiday. Wheat rose by EUR 2.5/t to EUR 225.75/t and the most important topic is the weather; Western Europe is expected to be clear and dry in the coming days, while rainfall is forecast for Southern Europe, except for the south-western part of the Iberian Peninsula, where a severe drought continues. “The harvest prospects in Europe remain good. The European Commission estimates the production of soft wheat in the EU at 131.5 million tonnes, which is 1.3 million tonnes more than the April forecast. Cereal production prospects improved in France and Romania, offsetting the effects of drought in Spain. The soft wheat export forecast remains unchanged at 32 million tonnes. Barley ...
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