Wheat falls below €225/t again

Published Mar 14, 2025

Tridge summary

The article highlights the negative impact of the surging single currency on European agricultural prices, with the eurodollar's consolidation providing a brief reprieve. The unpredictable trade policies of the US government under Donald Trump are causing further uncertainty in medium-term trade flows, potentially leading to a blockade of American corn imports into the EU market due to escalating Europe-US tensions. Additionally, the article discusses the revised harvest estimates for Argentina and the current rating of French soft wheat. The Euronext wheat and corn prices for future deliveries have also seen a decline.

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

Original content

Spared the day before by the consolidation of the eurodollar, European prices were once again penalized by the resumption of the single currency's upward rally, which has remained the main bearish factor on Euronext since the beginning of the month. Donald Trump's trade policy, meanwhile, remains as chaotic and unpredictable as ever, further clouding the outlook for medium-term trade flows. Rising tensions between Europe and the United States, however, could block imports of American corn into the EU market. South American production potential also remains a focus of attention, after the Rosario Stock Exchange reduced its estimate for Argentina's harvest this year by 1.5 million tonnes (44.5 million tonnes), while the Buenos Aires Stock Exchange raised its corn ratings from "good to excellent" by one point (30%). In France, FranceAgriMer maintained its soft wheat ratings at "good to ...

Source: TerreNet