Price forecast from 13 to 17 of November 2023

Grain market: Judging by USDA reporting, everything is generally good. Note that the gross corn harvest increased by 0.5%, which led to a drawdown that risks turning into a fall to the level of 400.0, which would be 15% of the current level. Wheat is unlikely to fall also radically, since forecasts for it remained at the October level, and even decreased slightly. Saudi Arabia will double poultry production by 28, which should lead to increased demand for corn. At the same time, 60% of the corn used within the country is imported. At the same time, the demand for barley is gradually falling. Russia will be able to meet Saudi Arabia's needs if necessary, while the EU and Ukraine are reducing supply. Prices within the country continue to remain at low levels. 3rd class – 12,200 rubles. 4th class – 10,500 rubles, 5th class – 7,200 rubles. There is demand for domestic grain. It is stimulated, among other things, by instability in the world. So far it does not seem that there will be any peace negotiations on Ukraine, but the very fact of their start, for example, in 24, could put pressure on the wheat market.