EU: Wheat falls again by 2 €/t on Euronext

Wheat prices remained stuck in negative territory on Thursday on Euronext, in a context of lack of competitiveness compared to Black Sea origins and the arrival of harvests from the Southern Hemisphere. Harvests are progressing at a good pace in Argentina according to the Buenos Aires Stock Exchange and are accompanied by a return of encouraging yields. In France too, the return of dry weather has allowed an acceleration of sowing projects last week, according to FranceAgriMer. Soft wheat plantings are thus 62% complete, but are still significantly behind the five-year average (77%), while winter barley sowing is now 78% complete (87% on average). Grain corn harvests are also continuing to progress, with 58% of projects completed as of November 4 (89% on average) and revealing particularly reassuring yields. Corn prices were also trending downwards at mid-session, in the face of pressure from these ...