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US farm markets reversed to close higher both for corn and soybean yesterday. US winter and spring wheat prices, in contrast, continued to creep lower. Indeed, Chicago wheat September contract fell 1,03%; Kansas wheat September contract shed by 1.09%; Minneapolis wheat September contract shifted by 0,54% lower; Chicago corn September contract gained 0,45%; Soybeans September

According to State Custom Service of Ukraine, since the beginning of 2021/22 MY to July 26, Ukraine exported 1.787 mln tonnes of grains and pulses, down by 548 thsd tonnes year-on-year. In particular, Ukraine exported 424 thsd tonnes of wheat (-766 thsd tonnes y-o-y), 453 thsd tonnes of barley (-261 thsd tonnes), 4.7 thsd tonnes

Russian wheat export prices rose last week. According to IKAR, indeed, Russian wheat with 12.5% protein loading from Black Sea ports for supply in August was $248 a tonne free on board (FOB) at the end of last week, up $7 from the previous week. According to Sovecon, meantime, Russian wheat recorded a $6 rise

Outlook for better weather in August with more chances at Midwestern, heralded by various weather models, is leading the US market to pull back despite the current dry conditions. Corn dropped more than 3%. Most wheat contracts losing 2%. Soybeans down nearly 1.25% by the close. On macro markets, oil prices edged higher on Friday

U.S. grain prices off this week, even if tight supplies buoy market. In deed, corn futures were down 1.6% for the week after a 5% gain the previous week. Soybean futures were down 3.7% from the previous Friday. Soy Meal was down 2.7% for the week. Soybean oil which previously has supported the complex, was down 3.9% this week.

Most US grain contracts spilled into the red yesterday. Winter wheat lost about 2.5%. Soybeans fell 2%. Corn was down around 1%. Spring wheat prices, bucked the overall trend, moving around 0.5% higher. On macro markets, oil prices are easing this morning but are poised to end the week largely steady after the rebound from