Analysis Grains
Rain hinders autumn work in Europe
The stock market in Paris may have suggested otherwise, but for analysts it was a busy day. In the US, the new Crop Progress report was released and there was a surprise for wheat. The drought in the US is not without consequences, shall we say. In Europe, we are waiting for drier weather. This was further emphasized in the Mars Bulletin, which was also published yesterday. Russian grain exporters are not sticking to their own floor price, as shown in the latest Ikar listing. Egypt is being squeezed but does not want to point the accusing finger at Russia.
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