Wheat prices rise, relieved by a possible withdrawal from Russia

Wheat prices rise, relieved by a possible withdrawal from Russia
Wheat prices rise, relieved by a possible withdrawal from Russia

The prices of soft wheat increased on the French physical market between November 25 and December 2, unlike other cereals whose prices fell.

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Rise in soft wheat prices

THE price of soft wheat on the French physical market gained ground between November 25 and December 2, like the CBOT. The wheat contract on Euronext, for its part, depreciated, thanks to a change in maturity. Russia has established its export quota for the first half of 2025, much lower than that of last year at the same time, leaving some hope for European exporters. In , sowing of soft winter wheat increased during the week ending November 25, going from 90% to 93% (compared to 81% in 2023 at the same time), according to Céré'Obs. Cultivation conditions have deteriorated, losing one point to 87% (compared to 80% in 2023 at the same time.

Fall in durum wheat prices

THE durum wheat price on the French physical market declined between November 25 and December 2. In France, sowing of durum wheat began during the week ending November 18, increasing from 52% to 63% (compared to 40% in 2023 at the same time), according to Céré'Obs.

Decline in milling barley quotations

THE feed barley price on the French physical market fell between November 25 and December 2. Overall, the feed barley market, whether at the port or inland, is considered very calm. In France, winter barley sowings increased during the week ending November 25, going from 96% to 98% (compared to 90% in 2023 at the same time), according to Céré'Obs. Cultivation conditions have stabilized, at 84% (compared to 82% in 2023 at the same time.

Corn price decline

THE corn price on the French physical market fell between November 25 and December 2, in the wake of Euronext and CBOT. The market continues to worry about the introduction of new customs tariffs by Donald Trump. In addition, harvests are good in the United States, and sowing is going well in South America. In France, volumes are there, but quality is sometimes lacking in certain sectors. According to Céré'Obs, corn growing conditions deteriorated during the week ending November 25, losing one point to 75% (compared to 82% in 2023 at the same time). Harvests are progressing, going from 82% to 89% (compared to 99% in 2023).

This article was written by specialist journalists from La Dépêche-Le petit Meunier, which has been supporting grain trade operators since 1938.

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