• Euronext quotes from 22.09.2022/XNUMX/XNUMX continue to demonstrate price volatility in grain trading markets.
The price of wheat on the Euronext exchange continues to rise. The same thing happens with the price of other grains. The increase in grain prices on trading exchanges is driven by the tensions of the Russian-Ukrainian war. The referendums that were announced for the Ukrainian regions under the influence of the separatists, as well as the launch by Vladimir Putin of the mobilization of reservists from the Russian army, demonstrate a deepening of the existing conflict.
Ukrainian authorities announce a further reduction of the wheat harvest for the 2022-2023 marketing year. Although analysts are forecasting an increase in wheat production in Russia, Russian wheat exports are estimated at only 36,5 million tons, leading to increased stocks in the country. On the Chicago Stock Exchange, wheat price fluctuations are further supported by uncertainties about the Ukrainian grain export corridor.
Another factor that is having its mark on the upward quotations on the grain trading exchanges is the rise of the dollar against the euro, which makes EU wheat more competitive internationally.
Quotations Euronext22.09.2022
Wheat (€/t)
| December 2022 | 349,25 | + 2,25 |
| March 2023 | 348,50 | + 2,25 |
| May 2023 | 347,50 | + 2,00 |
| September 2023 | 323,75 | + 1,25 |
| December 2023 | 324,25 | + 1,25 |
Maize (€/t)
| November 2022 | 338,25 | + 0,25 |
| March 2023 | 339,50 | + 0,25 |
| June 2023 | 339,00 | + 1,00 |
| August 2023 | 338,25 | + 0,25 |
| November 2023 | 292,25 | - 2,75 |
Rapeseed (€/t)
| November 2022 | 605,75 | + 25,75 |
| February 2023 | 613,25 | + 22,50 |
| May 2023 | 618,00 | + 20,50 |
| August 2023 | 617,50 | + 19,50 |
Article written by Gabriela Dan, Editor of Arta Albă
Read on White Art and: The price of bread is rising
