THE price of soft wheatof durum wheatof thefeed barley a you but progressed on the French physical market between November 11 and 18.
Rise in soft wheat prices
THE price of soft wheat on Euronext and the French physical market gained ground between November 11 and 18, given concerns about a potential escalation of the war in Ukrainewhich could further disrupt traffic on the Black Sea. Let's add to this some news rains in Western Europe which are deteriorating growing conditions. The wheat contract on the CBOT fell from one week to the next, with growing conditions improving in the United States and South America. In France, sowing of soft winter wheat increased during the week ending November 11, going from 62% to 78% (compared to 70% in 2023 at the same time), according to Céré'Obs.
Increase in durum wheat prices
THE price of durum wheat on the French physical market progressed between November 11 and 18. Offers are rare in durum wheat but demand is nevertheless present in Spain, Italy and the domestic market. In France, sowing of durum wheat began during the week ending November 11, increasing from 10% to 32% (compared to 19% in 2023 at the same time), according to Céré'Obs.
Progress in milling barley quotations
THE feed barley price on the French physical market continued to climb between November 11 and 18. We are seeing a little Italian demand in the South-East of France. In France, winter barley sowings increased during the week ending November 11, going from 78% to 89% (compared to 83% in 2023 at the same time), according to Céré'Obs. Cultivation conditions stood, during the week ending November 11, at 84% (compared to 86% in 2023 at the same time).
Rising corn prices
THE corn price on Euronext and on the French physical market rose between November 11 and 18, while they fell on the CBOT. The harvest is finished in the United States. The French harvest was estimated by Agreste to be up 10% compared to the five-year average, with contrasting yields depending on the region. French exports for the 2024-2025 marketing year were recorded by FranceAgriMer. According to Céré'Obs, corn growing conditions stabilized during the week ending November 4, at 76% (compared to 82% in 2023 at the same time). Harvests are progressing, going from 58% to 71% (compared to 96% in 2023).
Corn: contrasting yields depending on the departments
Behind the usual schedule, the grain corn harvest (including seeds) continues and stands at 14.6 million tonnes (Mt), despite the wet harvest conditions. It would be 10% higher than the five-year average, but with very contrasting performance trends depending on the departments. The yield stands at 93.4 q/ha, lower than that of 2023-2024 but higher than the 2019-2023 average. On the regional side, yields are lower than the 2019-2023 five-year average in the northern and western parts of the country but higher than the said average for the eastern and central parts.
This article was written by specialist journalists from La Dépêche-Le petit Meunier, which has been supporting grain trade operators since 1938.
