Collapse for the Third Week in a Row in the EU Grain Markets and Bankruptcy in the US

European Grain Markets

• MATIF’s grain markets ended last week, just as they spent it – with a total and unstoppable collapse on every working day of it.
• Thus, the wheat front futures fell for the fourth week in a row, losing €13.50 for the period, and the corn for the third week in a row, losing nearly €14.
• For the third week in a row, the canola market also fell, with the only remaining old crop futures down over €45 for the week

American Grain Markets

• Bank failures have shaken the US since the end of last week. After Silicon Valley Bank, there is news that a trustee has been appointed to Signature Bank.
• Fortunately for everyone, the drama (certainly planned) played out on Friday, so the Fed had time to react and as of this morning according to their explanation, it looks like the financial apocalypse has been avoided. For now…

Black Sea Grain Markets

• After heavy rainfall in southern Russia, the weather will be much drier in the second half of March, and rising temperatures will allow accelerated spring sowing.
• Today in Geneva there will be a new episode of negotiations on the extension of the grain corridor from Ukraine.

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