News
Market Report: Key Commodity Updates - October 31, 2024

Market Report: Key Commodity Updates - October 31, 2024

Wheat Prices Show Stability Despite Lower EU Exports

Wheat prices on Euronext remain stable at 569.50 USD per bushel (approx. 0.21 EUR/kg). International demand has slightly increased, but EU export volumes continue to fall short of last year’s levels, maintaining a cautious market stance.

Rapeseed Market Benefits from Limited Stocks and Stable Demand

Rapeseed is trading at 514 EUR per ton on Euronext (approx. 0.51 EUR/kg). The market remains firm due to limited stocks from Canada and Ukraine, while stable demand in Europe keeps prices high.

Corn Prices Rise Slightly Due to US Harvest and European Supply Issues

Corn is priced at 4.10 USD per bushel on the CBOT (approx. 0.15 EUR/kg). A solid U.S. harvest supports the market, while challenging conditions in Europe and robust demand are helping to stabilize prices.

Strong Biodiesel Demand Keeps Soybean and Soybean Oil Prices Elevated

Soybeans remain at 987.75 USD per bushel (approx. 0.34 EUR/kg), while soybean oil is at 0.44 USD per pound (approx. 0.89 EUR/kg). Demand from the biodiesel sector remains strong, supporting prices.

Sugar Market Stabilizes Despite Weather Uncertainties

Sugar prices remain stable at 0.46 EUR/kg, backed by consistent exports from Brazil and India. However, weather-related uncertainties in major production regions may lead to short-term price changes.

Sunflower Oil Hits Record Highs Amid Persistent Supply Shortages

Sunflower oil is trading at a record level of 0.94 EUR/kg. Supply shortages and logistical issues in the Black Sea region, particularly in Ukraine and Russia, continue to drive price increases.

Crude Oil Prices Steady Amid OPEC+ Cuts and Strong Heating Demand

Brent crude oil is currently priced at 72.65 USD per barrel (approx. 0.43 EUR/Liter). The upcoming heating season and OPEC+ production cuts are supporting demand and helping to maintain price stability.

Rapeseed Oil Prices Elevated Due to Strong Demand and Limited Availability

Rapeseed oil is trading at approximately 903 USD per ton (approx. 0.51 EUR/kg). Limited availability, especially in Europe and Canada, keeps prices stable as strong demand persists in the food and biofuel sectors.





Click here to reach our trading platfrom CMBroker
cmb logo
This website uses cookies to ensure you get the best experience on our website. Learn more