Continuation of Weekly Losses on the International Grain Markets

European Grain Markets

• After heavy losses at the beginning of last week, MATF’s grain markets are again feeling the pressure coming from forecasts of heavy rainfall in France and northwestern Europe.
• The weakness on Friday is also because of France AgriMer’s weekly rating data, according to which the condition of winter wheat in France remains unchanged
• With support from oil and palm oil, MATIF’s rapeseed rose massively on Friday, but still failed to erase the weekly loss

American Grain Markets

• After an unsuccessful attempt at appreciation, US wheat markets remain weak and under pressure, reporting weekly losses without exception
• A new substantial deterioration in soybeans and corn in Argentina supported these markets late last week, with soybeans nearly erasing a weekly loss

Black Sea Grain Markets

• Since the beginning of the “grain corridor”, Ukraine has exported just over 20Mt of grain through it, of which corn is 54%, wheat 32%, rapeseed 6%, barley 4% and soybeans 3%.
• The main grain destinations in the corridor so far are Spain – 3.83Mmt, China – 3.3Mmt, Turkey – 2.27Mmt, Italy – 1.54Mmt, Netherlands – 1.12Mmt.

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