• After a calm start to the week on the Paris grain exchange, grain prices are again down significantly.
On the European futures market, quoted prices show a downward trend again. Prices are also falling on the international scene, but not as significantly as in Europe and the Black Sea basin.
Market pressures are mainly due to the massive influx of cheap Ukrainian grain flooding the European market. The second disruptive factor is the possible termination of the Black Sea export agreement under the threat of Russia.
The European Commission warrants emergency preventive measures for wheat, corn, sunflower and canola. The EU will allow grain from Ukraine to enter the five countries heavily affected by the situation, namely Bulgaria, Hungary, Poland, Romania and Slovakia, only if they are destined for export to other EU members or the rest of the world.
On the other hand, Russia does not see any results from the implementation of the second part of the Black Sea Initiative. On March 18, Russia announced the extension of the agreement by only 60 days, warning that this term is sufficient for the implementation of the agreement signed by the UN and compliance with the commitments made to Russia.
Quotations Euronext on 27.04.2023 (GMT +1)
Wheat (€/t)
| May 2023 | 241,00 | - 2,50 |
| September 2023 | 239,50 | - 3,25 |
| December 2023 | 243,50 | - 3,25 |
| March 2024 | 247,25 | - 3,00 |
| May 2024 | 250,25 | - 2,75 |
Corn (€/t)
| June 2023 | 238,00 | - 1,00 |
| August 2023 | 238,25 | - 1,25 |
| November 2023 | 234,75 | - 0,75 |
| March 2024 | 237,00 | - 0,25 |
| June 2024 | 239,00 | - 1,00 |
Rape (€/t)
| May 2023 | 447,75 | - 9,50 |
| August 2023 | 446,50 | - 5,75 |
| November 2023 | 450,50 | - 6,00 |
| February 2024 | 453,25 | - 7,25 |
| May 2024 | 463,00 | + 14,50 |
Article written by Gabriela Dan, Editor of Arta Albă
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