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Market comment - 2016

May 2016

May 2016

Marketing of stored grain is drawing to a close in the Rye Belt. Most farmers have already cleared their stores. Farmers and traders report some leftover wheat stock. Concerns that the EU 28 might have excessive stores, as were voiced over the winter months, seem not to prove true. In its may report the French agency Agrimer reduced the French stores at the end of the marketing year by 1.5 million tons to 3.5 million tons compared to the previous year. The declining final stocks seem to thwart the price pressure expected until harvest, while in the Rye Belt there is room for phantasies.

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April 2016

April 2016

Demand and supply determine the price. This insight asserted itself on the rye market last month. While the European wheat market is marking time, bread rye is sought after from the Urals to the Atlantic Ocean. In some regions, rye has been selling like hot cakes for several months.

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February 2016

February 2016

At the Paris stock exchange prices for wheat and maize have been slumping since the beginning of 2016. By late February March wheat had dropped from 175 $/t to 147 $/t and maize to be delivered in March had dropped from 160 €/t to 144 €/t. The price decline is clearly more pronounced in Europe than in the USA. In the same period March wheat at the Chicago stock exchange declined from 174 $/t (159 €/t) to 164 $/t (148 €/t) and maize for delivery in March remained almost unchanged at a price of 142 $/t (129 €/t).

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January 2016

January 2016

In recent weeks the international grain markets have shown a clear downward trend. Prices for wheat and maize have been declining in Chicago, London and Paris. The wheat market in particular came under severe pressure. In Paris, March wheat dropped by 20 €/t to 165 €/t and in Chicago by 20 $/t to 174 $/t. The regional wheat markets in the Rye Belt followed the stock exchange quotes. The development of rye prices opposes the strong downward trend.

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