
Hungarian agricultural economics institute AKI data show wheat export prices fell across major exporters between early September and early October, with Germany down $5 to $276/t, France down $11 to $279/t, and Russia down $25 to $205/t for 13.5% protein wheat. The article also reports a wide spread between Western and Eastern European grain prices, with corn prices rising sharply westward because France had a very poor harvest.
Lower Black Sea and EU wheat FOB prices weaken the wheat cost base for feed formulators and pressure wheat as a feed substitute for corn. The France corn shortfall supports corn prices in Western Europe, widening the regional spread that will shape import flows.
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.