The currency pair EUR/USD fell to 1.1900. The price of US WTI crude oil rose to 72.98 USD/barrel.

Oil prices remain stable, although new cases of coronavirus have raised concerns about demand ahead of this week's OPEC+ meeting, at which the alliance could increase production.

Yesterday, CBOT September SRW wheat futures prices fell by 5 1/4 cents to close at $6.46 1/4 a bushel. Prices were supported by the declines in spring wheat ratings in the United States. The lack of precipitation continues. The projected quantities in the next two weeks are low and will not change the course of crop development. Authorities in China will hold a tender for the sale of 4.7 million tons of wheat from the state reserve, which will be of lower quality and will be used only for feed. According to the authorities, the consumption of wheat for fodder in China will reach 38 million tons in 2020/21. As of June 21, 2021, FranceagriMer assessed the condition of 79% of soft wheat crops in France as good and excellent, compared to 81% a week earlier. The European Commission has lowered its forecast for EU wheat production in 2021/22 by 400,000 tons to 125.8 million tons and ending wheat stocks to 10.1 million tons (10.8). StatsCan projected the wheat areas in Canada at 23.58 million acres in 2021 compared to expectations for 23.3 million acres. ICAR has raised its forecast for the Russian wheat production in 2021 by 1.6 million tons to 83.6 million tons. Thailand is looking to buy 200,000 tons of feed wheat, Tunisia is looking to buy 100,000 tons of soft wheat and 125,000 tons of feed barley and Iran is looking to purchase 60,000 tons of milled wheat.

Yesterday, Chicago December corn futures prices rose by 1 1/4 to close at $5.48 1/2 a bushel. Weather conditions in the United States have remained unchanged in recent days. Precipitation in the center and east and drought in the west and north. Prices of the old corn crop may rise today if it turns out that demand has been high in recent months. In today's USDA report, corn stocks in the United States are expected to be 104.9 million tons as of June 1, 2021, with corn consumption for the last quarter being 90.7 million tons. The area for the new corn crop is expected to be 93.78 million acres (+1.78). Today, for the first time, frost damage has been reported on corn crops in southern Brazil. It was in the area where rainfall was good and higher yields were expected. The damage can reduce the total corn production in the country to 87-88 million tons. China's state-owned company Sinograin has announced a tender for the sale of 150,000 tons of corn to stabilize the country's crop market. Iran is looking to buy 60,000 tons of corn.

Yesterday, the prices of November soybean futures in Chicago remained unchanged at $13.12 1/2 a bushel. The weather in some parts of the US Corn Belt remains dry. Although this is not a critical time for soybeans now, it is still not desirable if the goal is to achieve maximum yield. StatsCan has set the canola areas in Canada at 22.48 million acres in 2021, which is within expectations and 949,000 acres more than the April estimate. The soybean areas are projected to reach 5.53 million acres. As of June 1, 2021, soybean stocks in the United States are expected to be 21.03 million tons, which means soybean consumption for the last quarter reached 21.52 million tons. It is believed that the supply of soybeans in the United States is at a historically low level and this supports prices. The soybean areas for 2021 are expected to be 89.07 million acres (83.83 million acres in March). Anec expects soybean exports from Brazil to reach 10.2 million tons in June. Iran is looking to buy 60,000 tons of soymeal. Indonesia is expected to raise export taxes on palm oil in July after lowering it in June.