Euronext wheat fell for a second session, settling 1% lower at €244.75 ($274.71) a metric ton after touching a one-month high of €249.75 earlier in the week. The slide was driven by weaker Chicago prices at a two-month low, a bounce in the euro from a 17-month low, and a recovery in Russian exports through the Baltic Sea. Some Russian observers expect exports could reach 3 million tons in October, compared with the usual 4.5–5 million post-harvest. Earlier gains had come from Algeria's large import purchase and attacks on Black Sea shipping, while a vessel is due to load 36,000 tons of French wheat for Oman. In France, farmers had planted 15% of the expected soft wheat area for next year's harvest by October 12, behind the five-year average pace.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on maritimeprofessional.com ↗
Keywords
commoditieseuroRussiafood prices
Open a keyword to see other news on the same topic.
Related news
- Food Prices Face Fresh Pressure Into 2027 as Shipping Disruption and Drought Hit Supplies
Global food prices face renewed pressure into 2027 as shipping disruption, higher fertiliser costs and drought threaten supplies of wheat, rice and other staples. The FAO Food Price Index averaged 136.0 points in September 2026, its highest since November 2022, rising 1.5% from August, led by cereals, sugar and vegetable oils. Wheat prices have risen more than 30% in 2026, Asian rice export prices are up 10% to 13%, and freight rates on some key routes have climbed about 50%. The Food and Drink Federation (FDF) forecasts UK annual food and non-alcoholic drink inflation of 3.9% in December 2026, averaging 5.5% in 2027 and peaking at 6.4% in July, while the IGD projects 5.6% to 6.6% for 2027. Official ONS figures show UK food inflation of just 1.3% in August 2026, and the FDF says outcomes could differ depending on household spending, competition, and developments in the Middle East, Russia-Ukraine or extreme weather.
- Global food inflation expected to intensify , persist into 2027
Global food prices are expected to accelerate in the coming months and persist into 2027, as war-related shipping disruptions and El Niño-driven drought strain cereal supplies. Rice prices in Indonesia have hit record highs, bread in Egypt has risen by a quarter, and sugar prices in India reached an all-time high. According to the World Bank, food prices in the September quarter outpaced headline inflation in 22 per cent of the 150 countries it analyzed, up from 14 per cent in the previous quarter. The FAO Food Price Index averaged 136 points in September, its highest reading since November 2022. Analysts warn that record grain stocks are thinning and a surge in import demand could follow, raising the risk of social unrest and export bans.
- Global food prices set to climb as shipping shocks squeeze supplies
Global food prices are expected to accelerate in the coming months and stay high into 2027, as war-related shipping disruptions and El Nino-driven drought squeeze cereal supplies. Rice prices in Indonesia have hit record highs, bread costs in Egypt have risen sharply, and sugar prices in India reached an all-time high. The FAO Food Price Index averaged 136 points in September, its highest since November 2022. The World Bank found food prices in the latest quarter outpaced headline inflation in 22% of 150 countries analysed, up from 14% previously, hitting the poorest consumers hardest.
- Global food inflation is expected to intensify as supply shocks pile up
Global food inflation is expected to accelerate in the coming months and persist into 2027, as war-related shipping disruptions and El Nino-driven drought squeeze cereal supplies. The FAO Food Price Index averaged 136 points in September, its highest since November 2022, and the World Bank found food prices rose faster than headline inflation in 22% of 150 countries in the September quarter, up from 14% previously. Wheat prices are up more than 30% in 2026, rice prices in key Asian exporters have risen 10% to 13%, and Indonesia's rice prices have hit record highs. The poorest consumers in low- and middle-income countries are hit hardest, raising the risk of social unrest and export bans, and freight rates on some key routes have risen about 50%.
- What NOAA 75 % El Niño Probability Means for Coffee , Food , and Remittances Across Latin America
NOAA raised its odds that the 2026 El Niño will break every record since 1950 to 75% in its September 10 update, up from 69%, with eastern equatorial Pacific sea surface anomalies already above +3.0°C. Colombia's 2026 coffee crop is forecast at 12.5 million bags, down 8% from 13.7 million in 2025, and the National Federation of Coffee Growers says El Niño, not the magnitude 7.4 earthquake on August 10, is the main threat. Bank of America ranks Colombia the most inflation-vulnerable economy in the region, with inflation potentially rising by up to 1.8 percentage points under a severe El Niño, as the peso touched 3,205 per dollar. In Argentina, about 10 million tons of wheat, roughly 35% of the projected harvest, could face flood risk in vulnerable zones, though El Niño is seen as broadly positive for the season due to higher rainfall.
- US Arms Halt : A Calculated Blow to the EU Economy ?
Military analyst Igor Gerasimov told Pravda.Ru that the US decision to suspend arms supplies reflects a strategy to weaken the EU economy rather than an equipment shortage. He argues Washington is using control of key maritime routes and energy deals to reshape the global order, sparking a contest between the dollar and the euro. He suggests instability around the Strait of Hormuz and Bab-el-Mandeb serves US interests, and that Trump is working with Russia on energy matters, including opening the US market to Russian diesel. The article also notes Trump said Washington would replenish its own arsenals before resuming arms exports. These are the analyst's views, presented as his assessment.
Related markets
Latest news
- FinFET Technology - Global Strategic Business Report Just Released: AI and Data Centers Push FinFET Chip Market Toward $97 Billion
According to Research and Markets, the global FinFET technology market was valued at $38.5 billion in 2024 and is projected to reach $97.1 billion by 2030, growing at a compound annual growth rate of 16.7%. Demand for high-performance, energy-efficient chips across consumer electronics, data centers, automotive, AI and IoT is driving growth. The CPU segment is forecast to reach $36.6 billion by 2030, while China is the fastest-growing market, with an 18% CAGR and $20.8 billion by 2030. The report also assesses the impact of tariffs on semiconductor supply chains and profiles companies including TSMC, Samsung, Intel and NVIDIA.
- The sorrow of Europe's “big brother” economy: Bonds keep selling off heavily after a “turbulent weekend”
French 10-year government bond yields rose 0.14 percentage points to 4.93% after a turbulent weekend, while the spread over German bonds returned to 1.47 percentage points. Nationwide protests over rising living costs and student education conditions turned into widespread rioting and looting; the government said at least 3,000 shops and businesses were looted, and the French retail federation estimated damages could reach “several hundred million euros.” More than 2,500 people are under formal investigation, 67 of them detained, and several cities have imposed curfews. President Macron rejected Interior Minister Laurent Nuñez’s resignation offer, even though Nuñez admitted police were deployed too thinly for protests of over 550,000 people, against an expected 200,000. Opposition politicians and the mayors of Paris and Marseille criticized the government for letting police lose control of the situation.
- President Donald Trump Claims, "We Don't Have Inflation, and Tariffs Don't Cause Inflation," but a New Report Strongly Disagrees
Although the stock market has posted strong returns under President Trump, the article argues his inflation-driving policies may be the biggest threat to the AI-driven bull market. A New York Federal Reserve report by three economists finds that by February 2026, tariffs had added 2.9 percentage points to goods price inflation, and each percentage point increase in average tariffs lifted consumer prices by about a quarter of a point after one year. Beyond tariffs, the Iran war and the ongoing closure of the Strait of Hormuz have pushed fuel prices sharply higher, with fuel oil up 74.0% and gasoline up 34.2% over the past year, while overall CPI rose 3.7%. The article warns that persistent inflation could prompt the Fed to raise rates more aggressively, slowing AI infrastructure investment and sending stocks lower.
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.