European Grain Markets
- The exact opposite of what happened in the grain markets in Paris and Chicago last Friday, and the forces that determine this differentiation, are called exchange rates.
- With a nine-month high in the euro and continued appreciation this morning, the European currency’s gravity sucks down all export-denominated goods.
- This is also the reason, not only for Friday, but also for the weekly depreciation of the markets for wheat, corn and rapeseed of MATIF.
American Grain Markets
- Unlike in Europe, wheat markets in the US on Friday rose – much more, where less, and most of them managed to report with a weekly appreciation.
- In addition to the weak dollar, the firmness of the grain markets in Chicago, of course, also helps the USDA report, in which to recall production and stocks in the US were lowered significantly.
Black Sea Grain Markets
- With increased exports of maize, wheat, and sunflower products from Ukraine, the changes in the report in terms of balances in the Black Sea region are not in support of prices.
- Of course, not everything is ideal for bears, and according to the Agrarian Union of Ukraine, winter wheat areas sown last autumn are up to 45% less than in 2021.
Import/Export Statistics
Please click to reach our marketplace