Drought in Russia: Grain region particularly affected
In Russia, the main region for grain cultivation has been experiencing dry conditions for weeks. This is likely to result in lower yields and poorer quality than previously expected.
Weizen: Concerns about EU exports weigh on prices
Trading in wheat on the Euronext closed weaker on Friday. The September contract fell by 1.75 € to 204.25 €/t, reducing the weekly gain to 1.50 € (0.7%). The trend was also downward on the US markets. The July futures contract lost 7.75 cents on the CBoT to 5.25 US$/bu (173 €/t), leaving a weekly gain of 3.25 cents (0.5%). Good harvest prospects in the USA put pressure on wheat futures on the CBoT on Friday. Wheat on the Euronext gave back some of the gains from previous days on Friday. There are concerns that higher prices could further impact the already weak export business. More prices + News
Oilseeds: Canola needs rain
Canola saw gains on the Euronext on Friday. The front-month August contract rose by 5 € to 483.75 €/t, resulting in a weekly gain of 12.50 € (2.7%). Soybean meal and soybean oil closed weaker on the CBoT, while soybeans had minimal gains and losses. The July soybean lost 1.25 cents to 10.50 US$/bu (346 €/t). The weekly loss amounted to 1.75 cents (0.2%). It continues to be too dry in Central and Western Europe, supporting canola prices on the Euronext. The biodiesel issue is weighing on the soybean market in Chicago. More prices + News
Corn: Good weather in the Corn Belt
Corn futures in Chicago declined before the weekend. The July contract lost 5 cents to 4.43 US$/bu (156 €/t), with a weekly loss of 6.75 cents (1.4%). On the Euronext, corn rose by 0.75 € to 197.75 €/t, increasing the weekly gain to 5.25 €/t (2.7%). Favorable weather conditions in the USA pushed the corn market in Chicago down on Friday. In France, corn planting continues at a rapid pace and is nearing completion. More prices + News
Potatoes: Prices remain stable
The current running season with the June 2025 contract continues to hover around the low level of around 13.50 €/dt. This represents an unchanged price compared to the previous week. The persistently weak cash market with generally declining daily prices is putting pressure on the price table. The following season maturities of April 2026 and 2027 show more stable price developments, with prices at 19 €/dt and 16 €/dt, respectively. More than a tentative stabilization can't be seen in the further trends. More prices + News
Milk: Drought supports prices
Trading in skimmed milk powder remained stable at the EEX last week. The front-month May contract closed at 2,388 €/t on Friday, up 25 € from the previous week. Butter prices rose for the later contracts. The June futures contract recorded a weekly gain of 165 € to 7,365 €/t. Drought in Central Europe could lead to smaller-than-expected milk deliveries, supporting prices. More prices + News
Exchange rate: 1 € = 1.1194 USD 1 US bushel corn = 25.4012 kg 1 US bushel wheat = 27.2155 kg 1 US bushel soybean = 27.2155 kg 1 US cwt = 45.36 kg (live weight, note) 1 acre = 0.4047 ha
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