Wheat deepens its losses below €200/t on European stock exchange

Maize (Corn)
Market & Price Trends
Published Feb 27, 2024

Tridge summary

Wheat prices on Euronext are experiencing a decline due to increased competition from the Black Sea region and a decrease in international demand, with the May 2024 contract falling below €200/t. This is compounded by concerns over winter growing conditions in France and delays in spring sowing due to frequent rainfall. Similarly, corn prices are also dropping due to competition from the Black Sea and high production prospects in South America.
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

Wheat prices began the week with a new decline this Monday at mid-session on Euronext. The May 2024 contract thus moves away from €200/t under the pressure of an increasingly competitive Black Sea origin and in the face of still very discreet international demand. However, winter growing conditions are causing increasing concern in France, while spring sowing is in turn slowed down by the frequency of precipitation. However, corn prices also remain driven down by competition in the Black Sea and high production prospects in South America. Shortly before 2:00 p.m., Euronext wheat due May ...
Source: TerreNet
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