Price forecast from 15 to 19 of May 2023

Grain market: Do you know what will be the most popular spare part in Europe this summer? Bearing. And why? And because rollers, unicycles, scooters, bicycles, boards, strollers, carts from supermarkets, everything on which you can reduce the time to get yourself from home to work, will be in high demand. And of course it will break. You give us the 11th package of sanctions from hell, and we give you a reduction in oil production. The most enduring will walk. Hello! This issue has been prepared with the direct participation of analysts from eOil.ru and IDK.ru trading platforms. Here an assessment of the situation in the world and Russian markets is given. The May, which is also the main, USDA report with forecasts for the gross harvest for the 23/24 season has been released. We see positive in all major cultures. Compared to the previous season, wheat will be harvested by 0.19% more - 789.764 million tons. If this happens we get a new record. Maize is up 6.04% at 1219.625 million tons, driven by strong production in Brazil and a recovery in the US and Argentina. Soybeans are 10.84% more - 410.585 million tons. Due to the growth of production in South America, mainly in Argentina. Thus, there should be no problems with providing the people with food. Any speculation about the shortage will be groundless. Global demand, as in previous years, will continue to follow supply. Almost everything that will be collected will find its buyer. With several billion people still living below the poverty line and moving out of poverty very slowly, there will be strong demand in the grain market for the foreseeable future, even if it rises by another 30 percent. The forecast from USDA for the gross harvest of wheat in Russia is 81.5 million tons, which is 11.41% less than the super-shock last year. Our export potential is estimated at 45.5 million tons. If there are buyers, the surplus of the current season will be completely sold out by June 24, at the current level of development of logistics capacities. Reading our forecasts, you could make money on the helium market on the eOil.ru site by taking a downward move from 4,500 to 2,900 rubles per ton.