On Monday, November 18, 2024, a ton of wheat closed at €218.00 on the December deadline (+ €1.75 compared to the previous closing) and at €226.50 on the March deadline (+2. €50). A tonne of corn ended the session at €212.25 (+€2.00) on the March 2025 deadline and at €216.75 (+€1.75) on the June deadline.
“The current attempt to stabilize the euro against the dollar, after the strong correction observed since the result of the American elections, has not handicapped the movement, even if it will be important to maintain competitiveness in the face of other origins on the export market,” estimates Argus Media. Sitagri adds that “the US dollar is falling, while remaining close to its highest level in a year, operators digesting fears linked to Donald Trump's policies considered inflationary. »
This Tuesday, November 19, shortly before 11 a.m. on Euronext, a ton of wheat opened the session at €220.00 (+ €2.00) on the December deadline and at €227.75 (+ €1.25) on that of March. A tonne of corn was priced at €212.75 (+€0.50) for the March 2025 deadline and at €217.00 (+€0.25) for June.
On the international scene, “European stakeholders are obviously following with caution the evolution of the situation in Ukraine in the face of the renewed tensions displayed since this weekend in both the interior and port regions of the country,” reports Argus Media. This escalation brings a firming factor to cereals in the Chicago market. “Financial players have also confirmed new purchasing operations, thus continuing the movement started on Friday [15 novembre 2024] », Indicates the firm.
On the Chicago Stock Exchange, the start of the week was marked by an increase in prices, which “however does not compensate for the decline observed over the past week for both cereal and soybean prices,” explains Argus Media. The strong strengthening movement of the dollar is fading, offering a phase of upward price adjustment. »
The wheat situation in the United States is “reassuring at the moment regarding crop conditions after the recent rains,” specifies the firm.
