Price forecast from 30 of October to 3 of November 2023

Grain market: Wheat prices cannot rise above 600.0 cents per bushel and tend to settle around 550.0. This fits the mind, since supply volumes are at high levels, fortunately the harvest was a success. The Middle Eastern thriller is unlikely to cause major shocks in the grain market, since there is not much agricultural land in that region where grains are grown. Europe is unlikely to let in new flows of refugees, since the previous waves have not yet calmed down, but they will need to eat something in the camps, and someone will have to give them food. Let us note that the Arab states are mentally strong to carry out military operations. This won't surprise anyone there. No one in a hot bath will get a heart attack from negative news from the receiver. Within Russia, grain prices continue to remain at low levels. Many would like to see prices rise by spring, but at this rate, and it is now 15%, some farmers will prefer to get rid of the goods now at the current price and put the money in the bank at interest. However, there cannot be a universal recipe here.