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Euronext's quarterly commodities newsletter says Q1 2023 was shaped by uncertainty over the Black Sea grain corridor, competitive Russian wheat and Argentine drought. Euronext MATIF wheat, corn and rapeseed prices have fallen back to 2021 levels, with rapeseed below €450/t.
Bearish European futures reflect ample Russian wheat supply and reduced Black Sea risk premium, lowering costs for European feed grain and oilseed meal buyers.
euronext.comApr 25, 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.
