European Grain Markets
- An attempt to contain Chicago’s downturn and a nearly two-month low in the euro on Friday provides a tailwind for appreciation in grain markets in Paris.
- The wheat market still went down, while corn, although unconvincingly, managed to rise, consolidating below €300
- A surprisingly sharp rise in rapeseed on Friday provides its fourth consecutive weekly appreciation, which, however, still does not change the general picture in any way.
American Grain Markets
- With a long weekend ahead (they’re off today because of President’s Day), U.S. wheat markets reported minimal and mixed changes Friday, though for the week most weakened
- The same can be said for the corn and soybean markets, which have generally remained in the same place for several weeks, not to say months
Black Sea Grain Markets
- Negotiations to extend the grain corridor from Ukraine have already started and as usual, both sides are expressing their dissatisfaction with the current state of affairs
- This week will also mark the anniversary of the start of the war, so the likelihood of reporting any progress on them is minimal.