European cereal raw materials market

• The European grain market was on Easter holiday after Euronext trading closed on Thursday evening.

Trading resumed on Tuesday, under the specter of an even stronger euro/dollar exchange rate than last week. Indeed, the markets' distrust of the United States continues. Traders are particularly wary of the speeches Donald Trump's repeated statements in recent days regarding his desire to replace Jerome Powell at the helm of the Fed.

As a result, the euro/dollar has just broken through the 1,15 threshold to set a new high of the last 3 and a half years.

Meteorologically, past and future rainfall remains largely insufficient in the northern half of France. The same is true for much of northern Europe.

US markets reopened on Monday with a general decline in closing prices. The improvement in the export competitiveness of US raw materials due to a dollar index at its lowest level in three years failed to stop the decline in quotes.

Sowing progress published on Monday USDA after market close is as follows:

Corn: 12% seeded vs. 4% last week and 10% average over the past five years;
Soy: 8% seeded vs. 2% last week and 5% average over the past five years;
Spring wheat: 17% seeded vs. 7% last week and 12% average over the past five years;

The condition of winter wheat crops deteriorated by 2 points during the week, reaching 45%. "good to excellent", compared to 50% last year.

Euronext quotes on 22.04.2025 (GMT+1)

Wheat (€/t)

Maize (€/t)

Rapeseed (€/t)

Article written by Gabriela Dan, Editor-in-Chief Arta Albă

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