Grain Highlights 08.03.2021

Trade in cereals from the new crop have started in the Black Sea region. Quotes in Ukraine are rising again.

- Trade in cereals from the new crop have started in the Black Sea region. Quotes in Ukraine are rising again. Russian farmers are not currently active in this market due to the export taxes. The price of wheat 11.5% CPT Odessa is about 225 USD/ton, feed wheat- 220 USD/ton, corn- 205 USD/ton and barley- 232 USD/ton. 

- Over the past week, Euronext rapeseed futures prices have risen above the level of EUR 500/ton. On Friday alone, the May rapeseed contract increased by 11.25 EUR/ton to close at 515 EUR/ton. On March 4, 2021,rapeseed price on the commodity exchange in the Canadian city of Winnipeg reached record level given ​​the low stocks and the rising prices in Paris.

- On Friday, commodity funds in Chicago were net buyers of 32,500 contracts of corn, 14,500 contracts of soybeans and 3,500 contracts of wheat.