Wheat Market: Prices Edge Higher on Weather Risks

Posted on 9. October 2024

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Euronext: Wheat prices rose to €0.22/kg, supported by weather-related issues in France and Russia.
CME: Wheat prices remained stable at €0.21/kg.

Weather Forecast

In Russia’s Black Earth region, cool temperatures between 8°C and 15°C with low rain chances are expected. In France, mild conditions with occasional rain should not significantly disrupt the wheat harvest.

Outlook

Prices are likely to remain supported by weather disruptions in Russia and France, though ample global stocks may cap further increases.

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