European Grain Markets
- Backed by a series of import bans on Ukrainian grain, for now only in Poland, Hungary and Slovakia, MATF’s grain markets are starting a new week.
- Not without the support of the weak euro, new and old wheat harvests bounce around and just under €6, while the rise in maize is around and just over €3
- Massive daily appreciation in the rapeseed market, which happened against the backdrop of the unconvincing performance of oil and canola in Canada
American Grain Markets
- Wheat markets in the US continue with an appreciation since Friday, benefiting from news in Eastern Europe and constant Russian threats to the grain corridor
- Supported by weather and declining crop forecasts in Argentina, old harvests of corn and soybeans in Chicago continue with significant increases
Black Sea Grain Markets
- After Poland and Hungary, the authorities in Slovakia yesterday announced that they also introduce a temporary ban on imports of Ukrainian grain. Similar bans are being considered in Bulgaria and Romania.
- Russian bread wheat export levels, maintain the “price floor” around $275, contributing to appreciation in futures markets as well