Bordeaux futures

You can reach KELOLAND Capitol Bureau reporter Bob Mercer with tips, questions, complaints and story ideas by calling 605-280-7580. He also can be reached via digital messages at [email protected] or @pierremercer on X, or through U.S. mail at 1810 Camden Court, Pierre, SD, 57501. The second half of this week has brought more châteaus releasing their futures at prices that haven't been seen in a decade. Cos-d'Estournel released its first tranche yesterday at €84 per bottle ex-négociant, a 26 percent decrease from the 2023 futures and the lowest price since the 2014 vintage debuted. U.S. retailers are offering it for $117 per bottle, a 25 percent dip from last year and half the price of recent top vintages on the market. Also on the Left Bank, Margaux estate Rauzan-Ségla released its 2024 futures at €48, a 20 percent dip from last year. American stores are offering it at an average price of $69. Bordeaux futures prices have shown modest volatility this week, with the market reacting to mixed economic signals from the Eurozone. Analysts expect near-term stabilization, supported by consistent demand from Asian markets. The technical outlook suggests a potential breakout if trading volumes remain above the 30-day average.