Grain markets import export

Grain Markets on the Last Day of the Week

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European grain markets

  • In the absence of CBOT, grain markets on MATIF traded in minimal volumes yesterday maintaining their downward trend so far
  • Adding to MATIF’s weakness Egyptian auction was another surprise, which saw 235kt of wheat agreed, with an average price slightly lower than the previous one
  • With palm oil rising, the rapeseed market is containing the slump, but the bears certainly haven’t had the last word yet

American grain markets

  • Grain markets in Chicago were off yesterday for Thanksgiving

Black Sea grain markets

  • Apart from the falling prices, the other news from the latest Egyptian auction is that for the first time since the start of the war in Ukraine we are seeing a ranked cargo of Ukrainian wheat
  • At the same time, traffic on the grain corridor, since its extension, has dropped sharply with only 2 ships sailing on it this morning, against at least 7 previously

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