European Grain Markets
- Grain markets on MATIF record another boring and generally unremarkable week, in which nominally the bulls somewhat win, but in reality continue to lose
- Despite Friday’s losses, today’s most traded and top December wheat futures are up €1.25 on the week, while November corn is unchanged
- The canola market was a much heavier loser, easing by nearly €25 for the period, with direction continuing to be set entirely by the vegetable oil and canola markets in Canada
American Grain Markets
- With a distinctly dull week in which almost nothing happened in terms of development and price change, the grain markets in Chicago are also reported
Black Sea Grain Markets
- As always, news from the Black Sea region is a significant part of the ongoing weakness on international exchanges, with Russian, Ukrainian and now Bulgarian and Romanian bids falling
- At the same time, estimates for Russian exports (and wheat harvest) continue to rise, with forecasts for the full season now reaching 50Mmt after 10Mmt for the first two months of the season