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.
Russia Declares State of Emergency Due to Drought | Rapeseed Breaks 500 Euro Mark | Milk: Decreasing Production Stabilizes
Our Author: Steffen Bach, Kaack Terminhandel GmbHLearn about the latest trends in the major agricultural exchanges updated here on Mondays and Thursdays.
Wheat: Drought in Russia Sparks Rally
Trading in wheat on the Euronext closed higher on Thursday, confirming the significant gains from Wednesday. The front-month September increased by 1 euro to 209 euros per ton. Trading on US exchanges was paused on Thursday due to a holiday. On Wednesday, the July futures on the CBoT jumped by 24.75 cents to $5.74 per bushel (184 euros per ton). Drought in Russia poses a renewed risk to the wheat harvest. The region of Krasnodar, one of Russia's largest grain producers, declared an agricultural state of emergency on Wednesday. More Prices + News
Oilseeds: Rapeseed Surpasses 500 EUR
Rapeseed closed higher for the third consecutive day on Thursday at the Euronext. The front-month August rose by 6.25 euros to 500.25 euros per ton. Trading on US exchanges was paused on Thursday due to a holiday. On Wednesday, the July soybean at the CBoT recorded a daily gain of 0.75 cents to $10.75 per bushel (345 euros per ton). Rising crude oil prices and a firmer grain market supported oilseed trading. More Prices + News
Corn: Good Harvest Prospects Limit Gains
Corn futures on the Euronext continued to recover on Friday. The front-month August closed with a gain of 3 euros at 195.50 euros per ton. Trading on US exchanges was paused on Thursday due to a holiday. The front-month July recorded a daily gain of 2 cents on Wednesday to $4.33 per bushel (148 euros per ton). The corn market is caught between rising crude oil prices and high yield expectations. More Prices + News
Potatoes: No Significant Price Changes
Prices remain at a low level on the exchange. The main seasonal contracts for April 2026 and April 2027 continue to range between 16 and 17 euros per metric ton, with no significant price changes. The cash market is characterized by a persistently subdued sentiment with no visible signs of recovery, leaving no room for upward movement in exchange prices. More Prices + News
Milk: Decreasing Production Stabilizes
Butter trading on the EEX remains steady at around 7,500 euros per ton. The front-month June increased by 25 euros on Thursday to 7,525 euros per ton after closing unchanged for four consecutive days. The situation is similar for skimmed milk powder. The front-month June saw no transactions and remained unchanged at 2,433 euros per ton. Declining milk deliveries in Germany and France support the market. On the other hand, the strong Euro weighs on export business. More Prices + News
Conversion Rate: 1 euro = 1.1478 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 (liveweight, note) 1 acre = 0.4047 ha
If you notice any errors, please feel free to contact us at redaktion@topagrar.com
Our Author: Steffen Bach, Kaack Terminhandel GmbHLearn about the latest trends in the major agricultural exchanges updated here on Mondays and Thursdays.
Wheat: Drought in Russia Sparks Rally
Trading in wheat on the Euronext closed higher on Thursday, confirming the significant gains from Wednesday. The front-month September increased by 1 euro to 209 euros per ton. Trading on US exchanges was paused on Thursday due to a holiday. On Wednesday, the July futures on the CBoT jumped by 24.75 cents to $5.74 per bushel (184 euros per ton). Drought in Russia poses a renewed risk to the wheat harvest. The region of Krasnodar, one of Russia's largest grain producers, declared an agricultural state of emergency on Wednesday. More Prices + News
Oilseeds: Rapeseed Surpasses 500 EUR
Rapeseed closed higher for the third consecutive day on Thursday at the Euronext. The front-month August rose by 6.25 euros to 500.25 euros per ton. Trading on US exchanges was paused on Thursday due to a holiday. On Wednesday, the July soybean at the CBoT recorded a daily gain of 0.75 cents to $10.75 per bushel (345 euros per ton). Rising crude oil prices and a firmer grain market supported oilseed trading. More Prices + News
Corn: Good Harvest Prospects Limit Gains
Corn futures on the Euronext continued to recover on Friday. The front-month August closed with a gain of 3 euros at 195.50 euros per ton. Trading on US exchanges was paused on Thursday due to a holiday. The front-month July recorded a daily gain of 2 cents on Wednesday to $4.33 per bushel (148 euros per ton). The corn market is caught between rising crude oil prices and high yield expectations. More Prices + News
Potatoes: No Significant Price Changes
Prices remain at a low level on the exchange. The main seasonal contracts for April 2026 and April 2027 continue to range between 16 and 17 euros per metric ton, with no significant price changes. The cash market is characterized by a persistently subdued sentiment with no visible signs of recovery, leaving no room for upward movement in exchange prices. More Prices + News
Milk: Decreasing Production Stabilizes
Butter trading on the EEX remains steady at around 7,500 euros per ton. The front-month June increased by 25 euros on Thursday to 7,525 euros per ton after closing unchanged for four consecutive days. The situation is similar for skimmed milk powder. The front-month June saw no transactions and remained unchanged at 2,433 euros per ton. Declining milk deliveries in Germany and France support the market. On the other hand, the strong Euro weighs on export business. More Prices + News
Conversion Rate: 1 euro = 1.1478 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 (liveweight, note) 1 acre = 0.4047 ha
If you notice any errors, please feel free to contact us at redaktion@topagrar.com