Euronext Wheat Market Shows Slight Gains Amid Modest Trading Activity

The Euronext (MATIF) wheat market experienced slight upward movements on January 20, 2025, with trading volumes indicating moderate activity. Key details are summarized below:

Market Highlights:

• March 2025 Contract: Closed at 227.25 EUR/t, up 0.50 EUR (+0.22%) from the previous day. A total of 107 contracts were traded, with bids at 227.00 EUR/t and offers at 227.25 EUR/t.
• May 2025 Contract: Settled at 232.75 EUR/t, rising 0.25 EUR (+0.11%). Trading volume reached 25 contracts, reflecting limited but consistent market engagement.
• September 2025 Contract: Remained stable at 227.00 EUR/t, with no change from the previous day. Trading activity was minimal, with only 19 contracts exchanged.
• December 2025 Contract: Ended at 232.50 EUR/t, a modest gain of 0.25 EUR (+0.11%), supported by 14 contracts traded.
• March 2026 Contract: Saw a small increase to 237.25 EUR/t, up 0.50 EUR (+0.21%). Activity was light, with 27 contracts traded.
• May 2026 Contract: Closed at 240.00 EUR/t, reflecting a gain of 0.25 EUR (+0.10%) on the minimal volume of 10 contracts.

Market Observations:

• Price movements remain constrained by limited demand and moderate trading interest.
• Trading volumes were most concentrated in the March 2025 contract, highlighting it as the primary focus of market participants.
• Offers and bids suggest a relatively balanced market, with no significant pressure in either direction.

Outlook:

Market sentiment appears cautious, with traders closely monitoring global demand, weather developments, and currency fluctuations. The slight uptick in prices may indicate consolidation, but broader fundamentals will likely dictate future trends.

This steady performance reflects the wheat market's current resilience amidst external uncertainties.

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