Markets show signs of stabilization

In brief: • Upward momentum for the Chicago and Paris exchanges • MARS lowered forecasts for corn and sunflower yields in the EU This week began dynamically for international exchanges and markets. Chicago was the source of the developments, providing favorable support for prices in Paris as well. The prospect of an agreement between the United States and China triggered a wave of position buybacks. Wheat, corn, and soybean prices reached significant resistance levels, prompting American farmers to return to sales. Regarding the development of European wheat, it should be noted that competition in the international export market remains very strong and does not allow any difference in competitiveness. In times of scarce information, the October edition of the JRC MARS bulletin shed new light on the situation. The agency noted generally favorable conditions for the development of winter crops in most of Western and Central Europe. For the spring crop, MARS expects predominantly ...