European Grain Markets
- MATIF’s grain markets on Friday ended relatively firmly another weak week
- After a strong start to the session, continuing Thursday’s firmness, wheat and corn futures eventually rose minimally, closing almost at their daily low
- Rapeseed futures find support at €600 and bounce off it, but it remains to be seen whether this psychological level will be a firm support
American Grain Markets
- U.S. wheat markets fell on Friday and for the week, but despite or rather thanks to massively short funds, losses look increasingly reluctant
- Soybean and corn markets moved in a narrow range last week, with a final result a minimal rise in corn and a minimal depreciation in soybeans
Black Sea Markets
- With the extension of the grain corridor, the supply from Ukraine remains not only active but also quite attractive, which is the main reason for the pressure on the grain exchanges.
- On the other hand, winter (with all the conditionality of today’s meteorology) in Russia and Ukraine is already a fact and not a small part of the corn and sunflower in both countries will remain to be harvested in the spring.