Cereal News, 12/23/2022

Wheat recovered somewhat on a weekly basis. While the closing price for the front month of March on the Paris Matif scoreboard on Friday was EUR 297.50, the closing bell on Thursday was EUR 303.75 per tonne. In particular, significant price gains on Wednesday stopped the downward trend in wheat. The higher stock market prices also led to increases in spot market prices over the weekend. The...

Expert Opinion: 

Grain prices were able to stop their downward trend before Christmas. However, the good global supply situation, especially for wheat, should continue to limit prices and whether the rebound will be sustainable will probably only become apparent in the new year.