THE prix of soft wheat on the French physical market gained further ground between December 9 and 16, like Euronext and the CBOT, following a monthly report from theUSDA considered rather bullish. THE stocks at the end of the 2024-2025 campaign in the United States came out below market expectations. They are estimated at 21.63 Mt in December 2024, compared to 22.17 Mt last November. As a reminder, in France, sowing of soft winter wheat increased during the week ending December 2, going from 93% to 96% (compared to 87% in 2023 at the same time), according to Céré'Obs. Cultivation conditions have deteriorated, losing one point to 86% (compared to 77% in 2023 at the same time).
Price decline in durum wheat
The prices of durum wheat on the French physical market declined between December 9 and 16, due in particular to Canadian competition. Italian interest is still present. As a reminder, in France, sowing of durum wheat began during week 48 ending December 2, increasing from 63% to 78% (compared to 51% in 2023 at the same time), according to Céré'Obs.
Rising prices for milling barley
The prices offeed barley on the French physical market climbed between December 9 and 16. Port premiums nevertheless declined, as a result of less pressing buying interest. As a reminder, in France, winter barley sowings increased during the week ending December 2, going from 98% to 99% (compared to 94% in 2023 at the same time), according to Céré'Obs. Cultivation conditions deteriorate by one point to 83% (compared to 81% in 2023 at the same time.
Increase in corn prices
The prices of but on the French physical market increased between December 9 and 16, in the wake of Euronext and CBOT, due to the monthly report from the United States Department of Agriculture (USDA). The organization lowered its projections for global carryover stocks in 2024-2025 by approximately 8 Mt, from 304.14 Mt to 296.44 Mt. In the United States, they fall from 49.23 Mt to 44.15 Mt. In France, the market remains rather dominated by sellers. As a reminder, according to Céré'Obs, corn growing conditions remain stable during the week ending December 2 at 75% (compared to 82% in 2023 at the same time). Harvests increase from 89% to 94% (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.
France
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