Is positive German mood pulling the market out of the doldrums?

In short: in addition to the contract prices for potatoes, which were good for the 2017 harvest year, the co-delivered kilos for prices are delivered far below cost price. The market for freely traded potatoes is even worse, due to the absolute lack of demand. This is due to the abundant harvest.

Movement in the market
Nevertheless, there now seems to be movement in the market from Germany. The average German quotations, which are used for the Cash Settlement, have been substantially higher than those of Belgium and France at around €5 for a long time (an average of less than €3 in recent weeks).

At the end of week 10, the quotations in Belgium and France also remained unchanged; just the fact that the vote on Friday 9 March was described as fixed for both Challenger and Fontane. Whether this is a harbinger of a higher listing remains to be seen. The Dutch quotations are somewhere in between with approximately € 4,50.

Is the market emerging from the deep trough?
The question is whether the more positive German mood can pull the potato market out of the deep trough. The lead, which is being taken in Germany, is clearly reflected in the contribution to the Cash Settlement. It rose in week 10 by €0,62 to almost €5,60.

Innovator would also have been traded for €5,25 per 100 kilos (April delivery), €5 would be offered for direct delivery. Fontane and Challenger (delivery in March) would be offered €4. Reka was up €10 for week 0,25 (bandwidth €3,50 to €4,25).

Break a trend?
Can the negative trend of the first part of the storage season be broken, or is the European stock too large? A major price jump does not seem plausible in the short term, but perhaps that there will be a little more light in the hitherto jet-black situation of the potato market.The closing price for the potato futures market (April contract)