Lachstock | Daily Report on Grains

Jun 22, 2022 | Agricultural Markets

Reading time: 2 minutes

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Lachstock Consulting was founded in 2007 in Australia and specialized in the grain market. Using accurate research & market analysis, they produce grain market reports that aim to reduce your costs and increase profitability.

It works until it doesn’t. Chicago wheat fell 56.75usc/bu, Kansas dropped 63.75usc/bu and Minni slid 51.75usc/bu. Matif wheat dropped EUR$15.75 while the Black Sea contract fell USD$9.00/mt. Corn fell 24usc/bu, soybeans eased 18.75usc/bu, meal dropped USD$5.90/st and beanoil dropped 0.47usc/lb. Matif canola settled EUR$18.60/mt and Winnipeg eased CAD$8.90/mt. Ag markets completely detached from equities with a 641 point rally and the AUD went home at 0.6968

Global Highlights It’s all about Russia, but now the focus is on the Russian export tax with rumours they may “tweak” the calculation to ensure the export path remains full. Consistent with this whole process is the headline is one thing, but the detail is another. Reports of Russian inflation running at 20% along with a strong Ruble at levels not seen since 2018

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