European Grain Markets
- The bears yesterday took profits and loosened their pressure on grain markets, with MATIF futures also benefiting from the weakening euro
- The main narrative is unchanged – favorable weather in Europe, Russia, Ukraine and Brazil, combined with massive cheap exports from the Black Sea, Australia and Brazil, put strong pressure on prices
American Grain Markets
- Minimal and divergent changes in the US wheat markets, with a more significant appreciation for the spring, a slight decrease for the hard winter and a slight appreciation for the mild winter
- Minimal losses in the Chicago corn market and slightly greater in the soybean market, depreciating despite continued soybean meal firmness
Black Sea Grain Markets
- No current news from the region with Christmas festivities ahead in Russia and still many of the traders on vacation.