Grain Markets in Paris and Chicago Rise Sharply on Friday

European Grain Markets

• Grain markets especially wheat, corn and rape at Matif on Friday literally explode and briefly (for €5-10) to nullify their massive weekly decline until Thursday
• There are rumors of a halt in grain exports from Russia but the “stop” will most likely remain only hearing, is not expected to support prices

American Grain Markets

• Covering short positions was also on the wheat markets in the US, where for the week hard in Kansas, in contrast to Chicago rose and quite substantially
• The soybean market only managed to contain its slump on Friday, while corn, like durum wheat, rose inclusively for the week.

Black Sesa Grain Markets

• Russian sources say that local authorities do not want and will not allow lower than current (until Friday) prices, because taking out the customs duty means that farmers will sell below cost
• In this regard, the activation of the Intervention Fund is planned, as well as informal threats to traders who will have trouble obtaining phytosanitary certificates if they sell below current prices

Import/Export Statistics

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