Cereal news, November 17, 2023

Things went south for wheat on a weekly basis. Last Thursday in particular, the prices closed with significant losses. Yesterday, for the front month of December, prices fell by 5.50 euros/t to a closing price of 226.25 euros/t. The prices in Paris are still showing red signs until midday this Friday. After what was actually a stable to friendly week, corn also showed clear red signs yesterday...

Expert Opinion: 

Grain markets are under pressure due to increased forecasts from USDA and IGC. But the situation also remains tense on the cash markets. Mills are well supplied, concentrated feed plants place orders on sight, but at the same time producers are only willing to sell at the current price level.