Slight price increases on the produce markets in the EU and the US

The week ended with price increases on the produce markets both overseas and in Europe. There were no spectacular movements in Chicago, wheat by 0.2 percent, corn by 0.4 percent, soybeans by 0.1 percent, while rape also became more expensive by 0.1 percent than on Thursday. In Europe, the courses of all four priority agricultural products, mill wheat, corn, rapeseed and fodder wheat, also closed in the red. Corn, soybean and wheat futures in Chicago edged up slightly on Friday as traders hedged their short positions on lower speculation ahead of the US three-day long weekend. Markets overseas do not open on Monday. According to analysts, the American weekend and the opposite crop prospects experienced in South America moved the market. Uncertainty about the future of the Black Sea grain export corridor also underpinned the slight price increase, while the strengthening dollar and the drop in crude oil prices limited the rise in prices. Corn and soybean futures were otherwise lower ...