• A tense start to the week on the grain market, with prices starting to rise sharply again.
Wheat, corn and canola yesterday largely recovered ground lost during last week's correction as the weather continued to be capricious for the crops. First of all, what worries the markets is the worsening lack of precipitation in Russia and Ukraine, after the frosts in early May.
Excessive moisture over the next few days in Western Europe and the United States is also being monitored by operators. Australia is not far behind, with weather continuing to be excessively dry in the west and south of the country, threatening canola plantings in particular.
In France, appropriate FranceAgriMer, wheat and winter barley crops held last week at 64% and 66% respectively "good to very good", compared to 93% and 90% at the same time last year.
Durum wheat gained 1 point to 66% "good to very good", while FranceAgriMer maintained spring barley at 74% "good to very good".
According to FranceAgriMer, corn planting in France is up 18 points to 72% complete by May 13, 2024. This figure is well behind last year's 85%, or the five-year average of 91% . Brittany and Pays de la Loire are the most lagging regions.
Quotations Euronext on 20.05.2024 (GMT+1)
Wheat (€/t)
| September 2024 | 256,50 | + 9,75 |
| December 2024 | 262,00 | + 10,00 |
| March 2025 | 263,75 | + 9,75 |
| May 2025 | 264,25 | + 9,50 |
| September 2025 | 249,00 | + 8,00 |
Maize (€/t)
| June 2024 | 224,25 | + 10,75 |
| August 2024 | 228,00 | + 9,25 |
| November 2024 | 223,50 | + 8,00 |
| March 2025 | 227,50 | + 7,75 |
| June 2025 | 231,00 | + 8,25 |
Rapeseed (€/t)
| August 2024 | 485,00 | + 6,25 |
| November 2024 | 492,00 | + 5,25 |
| February 2025 | 494,00 | + 4,50 |
| May 2025 | 493,00 | + 4,75 |
| August 2025 | 481,75 | + 4,50 |
Article written by Gabriela Dan, Editor of Arta Albă
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