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Wheat prices were stabilizing this Friday at midday on Euronext, after three sessions of sharp declines that brought the May 2025 contract to its lowest level in a month and a half. Relatively reassuring weather conditions in the United States and Western Europe, as well as the lack of competitiveness of French wheat compared to production in the Southern Hemisphere, have indeed sent the trend back into the red since the beginning of the year. Corn prices were also trying to reverse their downward correction of the last few days this Friday, helped by the firmness of American quotations, which are now stabilizing at peaks of more than a year. The rains announced in Argentina are indeed eagerly awaited after weeks of significant water deficits. The Buenos Aires Stock Exchange also lowered its corn ratings from "good to excellent" by three points in its latest weekly publication, to 39%, compared to 46% last year at the same time. Around 13

Among the many reports released by the United States Department of Agriculture last Friday was the national Winter Wheat and Canola Seedings update. This report tallies the state planting estimates from the autumn of 2024 and gives the market its first insight into potential US production from the winter crop that will be harvested in

Euronext wheat futures fell on Tuesday as a rally in U.S. grains lost momentum and a bounce in the euro against the dollar underscored a weak export outlook in Europe, traders said. Benchmark March milling wheat (BL2H5) on the Paris-based Euronext was down 0.8% at 232.25 euros ($239.01) per metric ton by 1703 GMT, moving away from a one-week high of 235.50 euros touched on Monday. The euro EURUSD rebounded from a two-year low against the dollar, depriving Euronext of a recent source of support. Chicago grains and soybeans were little changed, pausing after a rally sparked by Friday’s steeper than expected cuts to the U.S. Department of Agriculture’s (USDA) estimates of the U.S. corn and soybean harvest. “The market is completely quiet so there’s a bearish mood that’s prevailing,” a futures dealer said. Strong export competition hung over the market, with a lull in international demand adding to pessimism about European Union exports. “Russian export prices remain low as busines