Global Commodity Prices Steady Amid Demand Pressures and Limited Supply
Wheat: Stability Amid Moderate Demand
Current wheat prices are around 573 USD per bushel on the CBOT, equivalent to approximately 0.21 EUR/kg. Demand remains steady, but export volumes in the EU are still lower than last year, stabilizing the overall market.Rapeseed: High Demand Supports Market
Rapeseed is currently priced at 470 EUR/ton on Euronext, or 0.47 EUR/kg. Market conditions remain tight due to strong demand and limited supplies from Canada and Ukraine, keeping prices stable.Corn: Prices Edge Up on Strong Demand
Corn prices on the CBOT are about 412 USD per bushel, or 0.15 EUR/kg. Demand is solid, with the U.S. achieving an above-average harvest, while challenging harvest conditions in Europe support prices.Soybeans and Soybean Oil: Biodiesel Demand Drives Price Increases
Soybeans and soybean oil remain high, with prices at 967 USD per bushel for soybeans and 44 USD per 100 pounds for soybean oil, roughly 0.34 EUR/kg for soybeans and 0.89 EUR/kg for soybean oil. The biodiesel sector continues to drive demand, with limited logistics capacity adding potential upward pressure on prices.Sugar: Stable Despite Uncertain Weather
Sugar prices hold steady at 0.46 EUR/kg. Demand remains constant, supported by exports from Brazil and India. However, weather uncertainties in production regions may lead to short-term price changes.Sunflower Oil: High Prices Due to Supply Gaps
Sunflower oil prices reach record levels at approximately 0.94 EUR/kg. Low yields and logistical constraints in the Black Sea region have tightened supply, while demand remains robust.Crude Oil: Stable Prices Amid High Demand
Crude oil is currently around 71 USD per barrel for Brent, approximately 0.43 EUR/Liter. OPEC+ continues with production cuts as seasonal heating demand increases, likely to maintain price stability.Rapeseed Oil: Strong Demand Keeps Prices Elevated
Rapeseed oil is stable at around 0.51 EUR/kg. Demand remains high while availability from Europe and Canada is limited, keeping prices at elevated levels.Click here to reach our trading platfrom CMBroker