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Spanish trade association Accoe reports European cereal prices fell in the latest week, with soft wheat down 1.75% to €255.53/t and barley down 1.71% to €233.74/t. Year-to-date declines are large, with soft wheat down 23.60% and corn down 17.54%.
Ample European and global supply keeps cereal prices under pressure, which favors lower feed grain costs for European buyers. Weather-driven rallies would be needed to reverse the trend.
bitfinance.newsKrystian TovarAug 29, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
