Russian Grain Markets: 29 May – 4 June 2012 GRAINS AND PRODUCTS Planting Updates as of 30 May 2012 Grain auctions from the National Intervention Fund did not stop on 1 June, as was the plan. According to a Russian Ministry of Agriculture official, selling grain from the fund helps keep the domestic market stable. Trading sessions have been held since 4 April, and the fact that large volumes continue to be sold at every session means that demand has not decreased. Alex Korbut, the head of the Russian Grain Union, said another reason for continuing these sales is that it empties storage facilities for the new harvest. Geographically:

3rd grade soft milling wheat prices increased in all regions of Russia, including Ural (+$5/MT), Blac...