
Euronext Grain Markets: Stability in Wheat, Gains in Rapeseed
Here is today's Euronext market update for maize, rapeseed, and wheat:
Wheat:Wheat futures on Euronext were relatively stable today. The December contract closed at €216.50 per tonne, down €1.00 from the previous session. Pressure came from strong competition in the export market, particularly from Russian wheat, which continues to be offered at competitive prices.
Rapeseed:Euronext rapeseed futures rose, with the November contract gaining €4.25, closing at €469.50 per tonne. Concerns about weather conditions in Brazil and Canada continue to support prices. Rising crude oil prices due to geopolitical tensions have also helped buoy the rapeseed market, given its connection to biofuel production.
Maize (Corn):The maize market saw moderate movement, with the November contract closing at €208.00 per tonne, down €0.75 from yesterday. Market sentiment remains cautious due to favorable harvest conditions in key European producing regions, which could weigh on prices in the coming weeks.
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Wheat:Wheat futures on Euronext were relatively stable today. The December contract closed at €216.50 per tonne, down €1.00 from the previous session. Pressure came from strong competition in the export market, particularly from Russian wheat, which continues to be offered at competitive prices.
Rapeseed:Euronext rapeseed futures rose, with the November contract gaining €4.25, closing at €469.50 per tonne. Concerns about weather conditions in Brazil and Canada continue to support prices. Rising crude oil prices due to geopolitical tensions have also helped buoy the rapeseed market, given its connection to biofuel production.
Maize (Corn):The maize market saw moderate movement, with the November contract closing at €208.00 per tonne, down €0.75 from yesterday. Market sentiment remains cautious due to favorable harvest conditions in key European producing regions, which could weigh on prices in the coming weeks.
Click here to reach our trading platfrom CMBroker