Weak Grain Markets in Paris and Chicago

European Grain Markets

• With weak to no changes in Chicago, grain markets in Paris yesterday retreated significantly, although at the end of the day, they find strength and close far above the daily bottom.
• Continued retreat of the euro also provides support for European grain prices.
• Renewed appreciation of vegetable oils, as well as canola in Canada, provides support for rapeseed prices in Europe

American Grain Markets

• Divergent movements in wheat markets in the US, with futures in Chicago reported modest losses, while those in Kansas and Minneapolis have minimal appreciation
• Technical maneuvering in the corn and soybean markets as well, with both reporting lower but not yet breaking the bullish configuration

Black Sea Grain Markets

• A significant part of MATIF’s renewed weakness is increased selling against this appreciation from the Black Sea region and Ukraine in particular
• Since the start of the season (1 July 2022 – 15 February 2023), grain exports from Ukraine reached 29.7Mmt, against 42Mmt at this time last year

Import/Export Statistics

Please click to reach our marketplace

Related posts:

Cheap Grain From Ukraine Make Problems for Neighbours Grain Markets Get Off to Weak Start in First Week of 2023 Grain Markets Amid Fears of War Cereals: Paddy, Wheat and Maize Drive Up Gross Value of Cereals During 2011-20 Ukraine Crop: By December 1, Ukraine has harvested almost 85 million tons of grains. Ukraine doubled corn export in the new season During the first half of June Ukraine has exported over 1 million tons of grains. Grains: High price level on the European agri commodity market