Russian Grain Markets: 10–14 June 2024 Last week, Russian grain markets were quite volatile. In the south, the main export-oriented areas saw grain prices drop following the global bearish trend and Russia’s most recent failure on the GASC tender in Egypt. Moreover, Russia’s south will soon start harvesting wheat and it would be logical for them, under the circumstances, to start buying new crop at better prices, even if on forwarding basis. Most of the multinational companies left Russia and this may leave Russian farmers in a situation where large Russian oligarch related grain traders will use their monopoly status thus decreasing potential farmers’ margins. But even on the domestic market, Russia bullish sentime...