Grain: IGC expects high production and reduced reserves

In brief: • Following the USDA's suspension of data submissions, the IGC's October report provided important information • Russia lowers wheat export duties to below 100 rubles per ton And at the start of the new week, the exchanges and markets appear "stuck" in the status quo drawn in recent days. The psychological threshold of 190 euros/ton for December wheat in Paris seems increasingly difficult to reach, despite the weak euro. In the Black Sea region, the duty on the export of Russian wheat will be reduced by 68.9% - from 318.6 rubles currently to 99.1 rubles per ton in the week starting from October 22, the Ministry of Agriculture reported. Export duties on barley and corn will remain zero. The new charges are based on indicative prices of 225.5 dollars per ton for wheat, compared to 225.4 dollars in the previous period, 193.6 rubles per ton versus 196.5 dollars per ton for barley, and 215.7 dollars per ton versus 216.4 dollars per ton for corn. The new rates will be in ...