2023-06-14 12:29:25
Despite still worrying climatic conditions and tensions in the Black Sea, wheat is once once more in the red.
Cereal prices underwent a clear movement of consolidation this Wednesday at mid-session on Euronext in the face of the revival of the eurodollar parity and technical considerations. FranceAgriMer has also reduced its target ofsoft wheat exports to third countries for the 22/23 season in its latest monthly report, at 10.2 Mt.
However, the market remains attentive to the evolution of weather conditions in the northern half of the EU and the US, where high temperatures and lack of rainfall continue to hamper good crop development. Russia is also threatening once more to end the secure corridor in the Black Sea.
Shortly before 2 p.m., the wheat Euronext maturing in September 2023 contracted by €3/t, to €235.75/t, while the December 2023 contract fell by €3.25/t, to €241.50/t. THE but Euronext for August 2023 delivery fell by €2.25/t, to €232.5/t, the November 2023 term fell by €1/t, to €229.75/t.
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