Paris Wheat Rallies as Black Sea Buyers Turn to Europe

Paris wheat is rising as importers move purchases from the Black Sea to European origins, helped by a weaker euro and supportive U.S. crop data. Bertrand Oesterle, Vice President of Clearing and Execution Sales at StoneX, explains what is driving the rebound in wheat, corn, soybeans and rapeseed across Chicago and Paris. The latest WASDE report cut the U.S. corn yield, but larger crops in Argentina and Brazil and a rise in global stocks received far less attention. Optimism around the trilateral Russia-Ukraine peace talks has supported grains, although no deal is yet in place and a drone strike on a Russian Baltic port kept tension high. Algeria, Egypt and China are among the importers turning to European wheat as Black Sea logistics remain difficult. On Euronext, a rapid exit by speculators ahead of the December option expiry has kept the Paris wheat December-March spread inverted against expectations. 00:00 - Grain Markets Bounce Back 01:06 - Ukraine Peace Talks Lift Wheat 03:05 - WASDE Corn Cut Masks Stocks 06:27 - China Cools on U.S. Soybeans 09:06 - Where the Specs Stand 10:15 - Paris Wheat Spread Holds Up 12:51 - Black Sea Buyers Turn to EU 15:22 - Rapeseed Rebound Mystery Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_bertrand_oesterle&utm_content=share Like and subscribe for more financial market insights. #Wheat #StoneX #BertrandOesterle #Grains --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social