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Grain Markets on the Last Day of the Week

by | Nov 25, 2022 | Specials

European grain markets

In the absence of CBOT, grain markets on MATIF traded in minimal volumes yesterday maintaining their downward trend so far
Adding to MATIF’s weakness Egyptian auction was another surprise, which saw 235kt of wheat agreed, with an average price slightly lower than the previous one
With palm oil rising, the rapeseed market is containing the slump, but the bears certainly haven’t had the last word yet

American grain markets

Grain markets in Chicago were off yesterday for Thanksgiving

Black Sea grain markets

Apart from the falling prices, the other news from the latest Egyptian auction is that for the first time since the start of the war in Ukraine we are seeing a ranked cargo of Ukrainian wheat
At the same time, traffic on the grain corridor, since its extension, has dropped sharply with only 2 ships sailing on it this morning, against at least 7 previously

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The post Grain Markets on the Last Day of the Week appeared first on Commodity Board Europe GmbH.