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Euronext wheat falls as traders take profits after a four-week high
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Euronext wheat prices fell on Friday, as traders booked profits after hitting their highest level in four weeks, while continuing to monitor the fallout from war-related disruptions to grain shipments via the Black Sea.
The December wheat contract on Euronext, the most actively traded, slid 1.10% to €238.25 per metric ton, after reaching its highest level since 24/07 at €242.00 on Thursday.
September futures fell more sharply, down 1.70% to €223.50 per ton, as market participants continued to exit the contract nearing expiry.
Chicago wheat also declined after reaching a four-week peak on Thursday.
Mutual attacks between Russia and Ukraine on shipping routes have brought near-total stoppage to grain exports from the Sea of Azov and the Black Sea.
Traders pointed to a notable decline in Friday’s reports regarding damage to vessels and ports, as the market awaits further evidence of buyers turning to alternative sources for Russian and Ukrainian grain supplies.
#Euronext #WheatMarket #TrumpPressesCongressToPassClarityAct #Europe #bachsaisH
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Euronext wheat prices fell on Friday, as traders booked profits after hitting their highest level in four weeks, while continuing to monitor the fallout from war-related disruptions to grain shipments via the Black Sea.
The December wheat contract on Euronext, the most actively traded, slid 1.10% to €238.25 per metric ton, after reaching its highest level since 24/07 at €242.00 on Thursday.
September futures fell more sharply, down 1.70% to €223.50 per ton, as market participants continued to exit the contract nearing expiry.
Chicago wheat also declined after reaching a four-week peak on Thursday.
Mutual attacks between Russia and Ukraine on shipping routes have brought near-total stoppage to grain exports from the Sea of Azov and the Black Sea.
Traders pointed to a notable decline in Friday’s reports regarding damage to vessels and ports, as the market awaits further evidence of buyers turning to alternative sources for Russian and Ukrainian grain supplies.
#Euronext #WheatMarket #TrumpPressesCongressToPassClarityAct #Europe #bachsaisH
🚀 Capital B Expands Its Bitcoin Portfolio!
French-listed company Capital B (ALCPB) has expanded its portfolio by 12 BTC, furthering its 'Bitcoin Treasury Company' strategy.
With this new purchase, the company's total Bitcoin holdings have reached 2,937 BTC.
Key Updates:
New Purchase: 12 BTC
Total Holdings: 2,937 BTC
Strategy: Further strengthening its position as Europe's leading Bitcoin Treasury company.
This move is part of the company's ongoing strategy to increase the number of Bitcoins held per share (BTC per share) over time.
$BTC
#Bitcoin #CapitalB #CryptoNews #ALCPB #Euronext #BitcoinTreasury #CryptoInvesting
French-listed company Capital B (ALCPB) has expanded its portfolio by 12 BTC, furthering its 'Bitcoin Treasury Company' strategy.
With this new purchase, the company's total Bitcoin holdings have reached 2,937 BTC.
Key Updates:
New Purchase: 12 BTC
Total Holdings: 2,937 BTC
Strategy: Further strengthening its position as Europe's leading Bitcoin Treasury company.
This move is part of the company's ongoing strategy to increase the number of Bitcoins held per share (BTC per share) over time.
$BTC
#Bitcoin #CapitalB #CryptoNews #ALCPB #Euronext #BitcoinTreasury #CryptoInvesting
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