Market update week 18
FranceAgriMer released its latest Céréobs report on Friday, highlighting a slight decline in the condition of winter wheat and barley crops in France:
• Soft wheat ratings dropped to 74% rated good to excellent, down from 75% the week before.
• Winter barley followed a similar trend, falling to 70% from 72%.
• Durum wheat held steady at 76% rated good to excellent.
• Spring barley also remained unchanged at 84%.
• Corn planting progressed significantly, reaching 50% completion compared to 39% the previous week.
FranceAgriMer released its latest Céréobs report on Friday, highlighting a slight decline in the condition of winter wheat and barley crops in France:
• Soft wheat ratings dropped to 74% rated good to excellent, down from 75% the week before.
• Winter barley followed a similar trend, falling to 70% from 72%.
• Durum wheat held steady at 76% rated good to excellent.
• Spring barley also remained unchanged at 84%.
• Corn planting progressed significantly, reaching 50% completion compared to 39% the previous week.
Meanwhile, U.S. winter wheat conditions showed a sharp rebound, matching last year’s rating of 49% good to excellent. This improvement, combined with forecasts for additional rainfall in the southern Great Plains, is putting downward pressure on wheat prices.
Meanwhile, U.S. winter wheat conditions showed a sharp rebound, matching last year’s rating of 49% good to excellent. This improvement, combined with forecasts for additional rainfall in the southern Great Plains, is putting downward pressure on wheat prices.
The weak export performance from France has contributed to a broader slump in EU wheat shipments. According to Tuesday’s EU report, soft wheat exports for the 2024/25 season were 34% lower than the same period last year, although data from some countries, including France, remains incomplete.
The weak export performance from France has contributed to a broader slump in EU wheat shipments. According to Tuesday’s EU report, soft wheat exports for the 2024/25 season were 34% lower than the same period last year, although data from some countries, including France, remains incomplete.