# Commodities Newsletter - Spring 2023

> 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.

- Date: 2023-04-25 · published 2023-04-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36435-commodities-newsletter-spring-2023
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Bearish European futures reflect ample Russian wheat supply and reduced Black Sea risk premium, lowering costs for European feed grain and oilseed meal buyers.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Sources

- euronext.com: https://www.euronext.com/en/news/commodities-newsletter-spring-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.