Global grain and oilseed markets remain depressed

International grain and oilseed markets remained depressed last week as well. Euronext wheat fell to its lowest level since May 2023. The most important influencing factors at the moment are the export situation with the most important participants in the trade - the USA, the EU and Russia, as well as the general economic mood with factors such as the strong euro or the recently falling crude oil prices. A Russian attack on a Ukrainian port facility last Tuesday caused only a short-term fluctuation in prices. Otherwise, Ukraine continues to export through the Black Sea, including to China, which is a friend of Russia. Meanwhile, Polish farmers have joined the actions of shippers and are blocking large parts of road freight traffic from Ukraine. The weather is providing good estimates for US winter wheat stocks, while excessive rain is hampering autumn planting in the EU, particularly in France. FOB Chicago bread wheat fell again by $9 to $243/t. France dropped another 5 euros to ...