An exception to the General pattern is the corn market. In the Center of prices was actively declined due to harvesting. We believe that the market decline may not be as pronounced as many believe. The corn crop is likely to be significantly below the record high.

At our conference "Grain club" in August, we suggested that the European part (except corn) will reach the bottom in October. It seems that this assumption is justified.

Farmers for the most part realized that it was difficult to store, and replenish working capital for sowing winter crops and harvesting late crops. It is possible that solving its current issues and disbursing loans in the coming months, the farmer under adverse conditions will reduce the supply of grain.

Average prices for wheat 3 cells and 4 cells grown at 25 rubles to 8175 RUB/t RUB 7375/t, respectively, 5 cells rose by 50 rubles to 5775 RUR/t. Barley rose by 25 roubles to 5825 RUB/t Corn fell by 75 roubles per tonne to 6475 RUB/t (Average price EXW in the European part of Russia).

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