Wheat starts the week slightly in the red on European stock exchange

Maize (Corn)
Market & Price Trends
Published Apr 16, 2024

Tridge summary

Cereal prices on Euronext have shown a stable to downward trend at the beginning of the week, influenced by cautious market sentiment amid tensions in the Middle East, competitive prices from Black Sea origins, and high export rates from Russia and Ukraine. Concerns are growing for the next harvest due to dry conditions in parts of Russia and Kansas, while recent weather changes in France could potentially damage winter crops further. Euronext's future delivery prices for wheat and corn have slightly declined, with specific figures noted for May and September 2024 wheat, and June and August 2024 corn.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cereal prices began the week on a stable to downward trend this Monday at mid-session on Euronext, in a market that was particularly cautious regarding the situation in the Middle East. In terms of fundamentals, the competitiveness of Black Sea origins and still very high export rates in Russia and Ukraine, however, maintain notable pressure on the market. The next harvest, however, remains a source of concern, given the lack of precipitation in part of Russia and in Kansas. In France, the return of rains and the drop in temperatures expected after last week's heatwave also risk further deteriorating winter crops. Shortly before 2:00 p.m., Euronext wheat maturing in ...
Source: TerreNet
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