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How Did the Grain Markets Start the Week?

by | Nov 21, 2022 | Specials

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.

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The post How Did the Grain Markets Start the Week? appeared first on Commodity Board Europe GmbH.