Last Friday, November 21, wheat quotes on the Chicago exchange lacked fundamental news for both recovery and further decline. Thus, the December wheat futures on CBOT remained unchanged and traded at 193.6/ton. However, in Paris on EURONEXT, the analogous grain futures rose by $0.3 – up to $218.4/ton.

According to information from Barva Invest, activity in the Ukrainian wheat market is low due to insufficient interest from exporters and the restrained position of producers. However, prices are slowly growing – demand for grain with 11.5% protein content in deep-sea ports is currently being quoted in the range of $218-223+/ton (a week earlier – $217-221+/ton).  

Meanwhile, American corn quotes showed a slight decrease, finding no support either in the previous optimism of market participants or in the renewed activity of the USDA. The December futures contract for the grain on CBOT fell by $0.4 at the end of the last working week – to $167.5/ton. On EURONEXT, the value of the March contract for the grain lost $1.51, stopping at $216.7/ton.

In the Ukrainian market, corn supply remains sluggish for this period of the season, and buyers without urgent needs are trying to purchase smaller volumes at lower prices. $209-212+/ton is offered for grain in Black Sea ports, which is also higher than a week ago  ($207-210+/ton).