Price forecast from 27 November to 1 December 2023

Grain market: In Holland, the parliamentary party of Eurosceptic Geert Wilders, who is ready to withdraw the Netherlands from the EU, won. People are searching. Typically, such searches end with the fires of the Inquisition beginning to burn in Europe, and then they begin to seriously talk about national identity with all that it entails. We wish them success in this direction. Hello! This release was prepared with the direct participation of analysts from trading platforms eOil.ru and IDK.ru. Here is an assessment of the situation on the global and Russian markets. In Russia, wheat has been harvested from 98% of the total sown area. 95 million tons are threshed. The average yield is 32.5 c/ha instead of last year's 35.9 c/ha. These results will allow about 65 million tons of wheat to be exported. In total, 142 million tons of grain will be harvested, which will be the second highest figure in history. Ukraine continues to supply grain to the foreign market. The supply volumes would be greater, but Eastern European countries do not want to see foreign grain on their territory, as this devalues the work of local farmers. 2.7 million tons for October is a good figure, but due to the fact that in previous months exports fell by more than half compared to last year, a grain overhang remains over the market. This puts pressure on prices. Prospects for a recovery in prices on the stock market remain, but it will probably happen a little later.