EU wheat heading for highest weekly rise since 2022
WEAT•Market prices at 1420 GMT
| Last | Change | Pct Move | |
|---|---|---|---|
| Paris wheat BL2U6 | 232.25 | 2.75 | 1.20 |
| Paris maize EMAX6 | 244.50 | 0.75 | 0.31 |
| Paris rapeseed COMc1 | 543.25 | 7.50 | 1.40 |
| CBOT wheat Wv1 | 676.00 | 1.25 | 0.19 |
| CBOT corn Cv1 | 464.75 | 0.75 | 0.16 |
| CBOT soy Sv1 | 1199.50 | 4.50 | 0.38 |
| Euro/dlr EUR= | 1.14 | 0.000 | -0.02 |
Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per metric ton.
Attacks on ports and ships support the rally
The contract has risen 14% since late last week when reports emerged of Ukrainian attacks on ships in the Sea of Azov, the route for a quarter of Russia's grain exports.
Russia has been attacking Ukrainian deepwater ports that handle much of the country's grain and other cargo — vital to its wartime economy.
The strikes have led to a partial halt in grain shipments and an almost complete suspension of grain purchases at port terminals, traders and analysts say.
"The focus has been on Black Sea ports and exports all week. Attacks don't seem to be calming down, so the market follows," a French trader said.
"We'll see what happens over the weekend. That will set the tone for next week," he added.
