European Grain Markets
- With a rising euro and harvest gaining momentum in the Northern Hemisphere, grain markets at Matif weakened on Friday
- Although wheat still managed to close positive for the week, the pressure of the bears clearly continues. The same is true for the corn market, which unequivocally continues to depreciate
- Harvest pressure (will) also depress the rapeseed market, which however remains supported by continued appreciation of canola and basic vegetable oils
American Grain Markets
- The week around the 4th of July is usually quite significant and determinant for the development of the grain markets in Chicago
- The word that best describes the wheat, corn, and soybean markets last week has to be “stabilization,” after the previous week’s plunge.
Black Sea Grain Markets
- In anticipation of the (non-)renewal of the grain deal, the news from Türkiye is that its navy will take over the security of merchant ships exporting grain from Ukraine in case Russia does not initiate the renewal