27.
07.23
10:54

Profit-taking characterizes grain market

On the Matif/Euronext, the signs were red again yesterday. In Chicago, wheat contracts also went south. After the significant price increases at the beginning of the week, many investors took the opportunity to secure their profits and liquidate their positions. Meanwhile, it is reported from Ukraine that so far there have been no new rocket attacks on the infrastructure at the ports, which supports the price correction. Another port (Ismail) has also resumed operations. The Ukrainian analysts expect that export capacities can be further increased to up to 4.5 million tons via the alternative export routes in the coming weeks. The current volume is 2.0 million tons. Market participants are eagerly awaiting today's figures on US export deals. Estimates range from 150,000 to 400,000 tons.

Source
VR Agrar
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