• Euronext grain quotes for 26.04.2022 show continued instability at the international level in the trading markets.
The prolongation of the armed conflict in Ukraine, combined with concerns about the harvests in the US and Brazil, affected by extreme weather events, influence the price of grains in the trading markets. Despite the fact that, according to experts' estimates, many countries, including Russia, will record a large harvest for the year 2022, the instability of quotations continues to be maintained.
The United States is dealing with heavy rainfall that has affected corn planting, fueling fears of a potential loss of production.
National Statistics Agency of Canada, StatsCan, reports a drop in the intention to sow canola to only 8,5 million hectares, compared to 9,1 million the previous year, which affects the price of the oilseed in the trading markets. A decrease will also be recorded for the areas with barley, from 3,4 million hectares to 3,0 million hectares for the current year. However, for durum wheat, the areas would increase from 2,2 million hectares last year to 2,5 million this year.
European Union data
According to European Union data, soft wheat exports were 24 million tons on April 2022, 21,61, compared to 22,41 million tons in 2021. Barley exports are 6,37 million tons, compared to of 6,62 million the previous year, and 13,12 million tons are recorded for corn compared to 12,68 million tons for the same period last year. The European Union's estimate of wheat harvests in 2022 is revised down from 6,02 t/ha, estimated the previous month, to 5,95 t/ha. The same thing happens for rape, the estimated yield being 5,79 t/ha, compared to 3,22 t/ha, last month. For barley, the yield is estimated at 5,79 t/ha, compared to 5,83 for March, and for spring barley, the first yield estimate is 4,31 t/ha.
Within almost 3 months, Romania could more easily export goods from Ukraine by rail to the port of Galati, by modifying and adapting the gauge of the railway tracks to those in Ukraine.
Euronext quotes on 26.04.2022
Wheat (€/t)
| May 2022 | 415,25 | + 7,00 |
| September 2022 | 374,50 | + 7,50 |
| December 2022 | 367,25 | + 7,75 |
| March 2023 | 364,25 | + 6,00 |
| May 2023 | 362,00 | + 6,25 |
Maize (€/t)
| June 2022 | 338,00 | + 5,00 |
| August 2022 | 331,00 | + 4,00 |
| November 2022 | 320,00 | + 5,75 |
| March 2023 | 319,75 | + 6,25 |
Rapeseed ( €/t )
| May 2022 | 1059,75 | - 5,50 |
| August 2022 | 880,50 | + 20,50 |
| November 2022 | 856,50 | + 22,00 |
| February 2023 | 842,25 | + 21,25 |
| May 2023 | 837,50 | + 21,25 |
Article written by Gabriela Dan, Editor of Arta Albă
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