Grains

Grains and oilseeds: vile attack sparks renewed concerns

April 26, 2024 at 10:21 AM , Der AUDITOR
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BRUSSELS. Cold and rainy weather spells bad news for Europe’s wheat, rapeseed and corn crops. Prospects for soybeans are far from encouraging in South America. Russia’s missile attack on the port of Pivdennyi in Ukraine has sparked concerns over the Black Sea grain exports.

Rain and frost drive up wheat quotations

Excessive rain and frost have driven up Europe’s wheat quotations. In parts of France, Germany and Poland the cold snap is critical as the winter wheat is in an advanced state. The situation is similar to last year in France as wheat prices also rose at the start of the harvest. Too little rain is, by contrast, being reported in the southern parts of Russia, which is giving rise to concerns. If this situation persists the crop may very well be impacted. EU and US wheat quotations have risen by 3% and have returned to th

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