
European and US grain prices declined on Tuesday November 3 and kept falling on Wednesday morning on Euronext. December wheat traded near 223.75 euros per tonne and March corn near 249 euros per tonne, both lower on the day.
Argus Media noted corn falling more than wheat and wheat physical prices at roughly three-month lows.
Lower Euronext wheat and corn prices reduce feed ingredient costs for European compounders, though corn's wide premium over wheat limits its attractiveness in formulations.
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.