Market overview of oilseeds and corn - Ruseed

Global markets Market quotes were simultaneously influenced by weather, currency, and expectations of a new harvest in South America. Cold and snow in the U.S. and the risk of frost in the Black Sea region supported wheat prices, while soybeans became cheaper due to the start of a large Brazilian harvest. The devaluation of the dollar has a stabilizing effect, increasing the competitiveness of American grain. An additional factor was expensive oil, which, through biofuels, supported the entire oil complex and intensified price fluctuations. Domestic market The domestic market is experiencing moderate price dynamics: Wheat is showing confident growth in the south of the country, especially in export-oriented regions, while in the Center and the Volga region the market has rather stalled in ...