Market update week 47
European stakeholders remain vigilant about the situation in Ukraine, where tensions have escalated over the weekend in both inland and port regions. Reports of North Korean forces supporting Russia have led the Biden Administration to authorize Ukraine to deploy U.S. missiles for strikes within Russian territory. In turn, the Kremlin has modified its nuclear strategy in response to these developments.
European stakeholders remain vigilant about the situation in Ukraine, where tensions have escalated over the weekend in both inland and port regions. Reports of North Korean forces supporting Russia have led the Biden Administration to authorize Ukraine to deploy U.S. missiles for strikes within Russian territory. In turn, the Kremlin has modified its nuclear strategy in response to these developments.
On the international market, cereals from Western Europe have recently regained some competitiveness. This improvement follows a slow start to sales earlier in the marketing year, particularly in France, and the dollar’s rise against the euro after the U.S. presidential election. However, French cereals—such as wheat, barley, and maize—continue to face tough competition from Black Sea region producers.
On the international market, cereals from Western Europe have recently regained some competitiveness. This improvement follows a slow start to sales earlier in the marketing year, particularly in France, and the dollar’s rise against the euro after the U.S. presidential election. However, French cereals—such as wheat, barley, and maize—continue to face tough competition from Black Sea region producers.
Significant rainfall is anticipated in France this week, but autumn agricultural activities have progressed well in recent weeks. Data from FranceAgriMer’s Cereobs program, as of November 11, indicates the following updates:
- Wheat: 78% of the planned area has been sown, improving from 62% the previous week, though slightly below the typical 83% for this time of year.
- Winter barley: Planting has reached 89%, up from 78% the week before, nearing the average of 91%.
- Corn: Harvest completion stands at 71%, an increase from 58% the prior week but still behind the 93% seasonal average.
Significant rainfall is anticipated in France this week, but autumn agricultural activities have progressed well in recent weeks. Data from FranceAgriMer’s Cereobs program, as of November 11, indicates the following updates:
- Wheat: 78% of the planned area has been sown, improving from 62% the previous week, though slightly below the typical 83% for this time of year.
- Winter barley: Planting has reached 89%, up from 78% the week before, nearing the average of 91%.
- Corn: Harvest completion stands at 71%, an increase from 58% the prior week but still behind the 93% seasonal average.