Wheat also went up yesterday on the Euronext. It rose by EUR 2.25 per ton to EUR 241. However, the corn prices in Paris were able to rise more sharply, so that the front month of September for wheat with yesterday's closing prices is 1.25 euros per ton cheaper than grain corn in the front month of August 2023. Little has changed in terms of the topic in the market. In Europe as well as in the USA and Canada, the weather remains the dominant topic. Precipitation is now expected for Central Europe in the coming days, which will be accompanied by a short-term cooling of temperatures. At the beginning of the new week there were no signs of relaxation from the tensions between Ukraine and Russia. The majority assumes that the agreement on the transit of Ukrainian agricultural goods across the Black Sea will not expire after July 18. is extended beyond. Trading on the domestic cash markets remains manageable. The quotations have hardly moved compared to Friday. Fodder wheat carriage paid in southern Oldenburg is currently quoted at EUR 235.00 per tonne, prompt deliveries carriage paid in Holland can be achieved at EUR 236.00 per tonne. The CBoT remained closed yesterday. On Friday, the prices here increased significantly.Pre-market, however, the contracts in Chicago start again today with a red sign.
Source
VR AGRICULTURAL
