The price of grain on the Paris exchange

• Last week trading ended on a firm note for grains on both sides of the Atlantic.

European grains and oilseeds benefited from a EUR/USD exchange rate at its lowest level in nearly 6 months at 1,0650. Crude oil also provided support for grains. A barrel of WTI oil broke the $6 mark for the first time in the last 87 months on Friday afternoon, anticipating rising geopolitical tensions in the Middle East.

In this context, rapeseed closed at a 6-month high of 459 euros/t for May 2024 deliveries.

Wheat continues to trade in a very tight range between €200 and €206/t, while the next maturity, September 2024, has fluctuated for 12 sessions between €214 and €218/t. maize Euronext for June 2024 delivery had its highest close since December 1 at €194,50/t.

The situation in the Middle East remains closely watched and the weather is also closely monitored, with precipitation considered insufficient for wheat in Kansas and southern Russia.

In France, the condition of the wheat worsens, with 64% of the wheat being considered "good to very good", according to FranceAgriMer, up from 65% the previous week and 94% last year to date. Meanwhile, winter barley gained 1 point on the week to 67% "good to very good". Durum wheat remains stable at 70% "good to very good". Spring wheat lost 1 point during the week to 60% good to very good, while planting was 91% complete by April 8.

Euronext quotes 15.04.2024 (GMT+1)

Wheat (€/t)

Maize (€/t)

Rapeseed (€/t)

Article written by Gabriela Dan, Editor of Arta Albă

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