European Grain Markets
- Also evident from the colour of yesterday’s close in grain markets, the Paris wheat market remains under bearish pressure despite only European wheat being ranked in Egypt
- With wheat weakness and another yearly low in Chicago corn, Paris corn futures gradually accelerating the slide
- Matif’s losses yesterday come amid a distinct drop in the euro, which ultimately only benefited the canola market
American Grain Markets
- Whether it’s because of the rising dollar or because the bears finally decided to cash in some gains, the wheat markets in Chicago and Kansas didn’t fall yesterday
- After holding relatively steady over the past few days, soybean markets posted some more substantial losses yesterday
Black Sea Grain Markets
- After rising for the past few months, domestic wheat prices in Russia are finally feeling harvest pressure and starting to fall
- Other things being equal, this should also boost port supply and hence pressure on export prices