European Grain Markets
- Awaiting the final verdict on the (non-)renewal of the grain deal, grain markets at Matif on Friday rose.
- Despite the massive rise in the euro, the weekly appreciation in the corn market is also a fact, while the wheat market is almost unchanged.
- Although weakening on Friday, the European rapeseed market is up nearly €25 on the week, with the main support remaining the Canadian canola market, which is up over $60 on the week.
American Grain Markets
- Also supporting the US markets, of course, is the sharp depreciation of the dollar and the weather forecasts, which are looking much drier, although still cooler in recent days.
Black Sea Grain Markets
- The grain deal officially expires today, and although on Friday Türkiye’s president announced the Russian side’s agreement to renew it, for now, news from Russia does not confirm this.
- Even if it is not renewed, however, generally speaking almost nothing will change, insofar as in recent months, the main Ukrainian exports already go through the Danube ports and by road and rail to the west anyway.