European Grain Markets
- Despite the continued weakness of the euro, the Matif grain markets close another slow week in which, overall, almost nothing interesting happens
- As harvest progresses, the corn market is also feeling harvest pressures, with front futures first plummeting to new multi-year lows on Friday despite the rise
- Another slow week for the canola market as well, which could hardly be otherwise with canola, soybeans and vegetable oils remaining weak
American Grain Markets
- Much if not all of Matif’s boredom is conditioned by the boringness of the CBOT, where for yet another week the bears are causing the bulls to bleed slowly in an orderly fashion
Black Sea Grain Markets
- Depreciating wheat prices for Egypt, amid record-breaking volume and number of offers are certainly contributing to the bearish pressure in the grain markets
- News of 3 new grain and metals ships sailing to Ukrainian ports, after successfully sailing two grain tankers, has a similar effect.