A week of hopes for the grain markets

In brief: • A potential agreement between the USA and China gives the market a boost • The poor harvest in Turkey increases demand for imports Last week ended relatively calmly for grain exchanges and markets, but experts expect the coming days to witness greater volatility in prices. The prospect of a trade agreement between the USA and China has already provided support for grain prices in Chicago, and expectations are that this trend will also transfer to Paris. Against the backdrop of the latest sanctions by the USA against Russia and the economic optimism stemming from a potential tariff agreement between China and the USA, the outlook for the oil market is also improving. The stabilization of the euro against the dollar is another supporting factor for the European market. At this level, grain prices are becoming increasingly competitive for export compared to the Black Sea region, especially after Russia announced the new weekly export rates. Thus, the export duty on ...