Grain markets Bears Continue to Keep Pressure on Grain Markets

Grain Markets in Paris Are Weakening

Mintec Global
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European Grain Markets

  • Another weak week for grain markets in Paris, with the top March wheat futures losing €5, falling to levels last seen in the first week of the invasion in Ukraine.
  • A negative week also for the corn market, whose losses for the period were more modest at just €3 and which is still some €30 above levels seen since the start of the war^.
  • The top February rapeseed futures also lightened by €5.50 for the week, with the market also remaining unambiguously in search of a seasonal low.

    American Grain Markets

  • In contrast to MATIF, and almost single-handedly aided by a weak dollar, Chicago grain markets reported a positive week for which excellent export sales and arctic weather in the US also assisted.
  • The weekly appreciation in wheat and corn is a fact, but it in no way changes the overall negative picture prevailing in Chicago markets as well.

    Black Sea Grain Markets

  • With grain exchanges declining, physical markets in the Black Sea region also remain weak, yet the bulk of international demand continues to be met primarily with grain from the region.

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