MATIF

So, yeah, I don't want to completely give up hope on this market, but the immediate sentiment, I'm afraid, is a bearish one.

But you're looking at lots of these markets now on some of these future contracts, whether like Chicago Wheat, Matif Wheat, are getting towards their contract lows.

So you'd really like to think there's not huge amounts of downside in the market.

But I'm afraid short term, not much fun.

Went through, bounced back up again.

Yeah, it did.

Matif was similar.

A lot of them are kind of showing the same thing.

Iced January 27 canola is up $5.97 per tonne to $802.

Métis February 27 canola is up $2.67 per tonne to $881.

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Grains finished mixed after another volatile session.

Chicago wheat finally bounced from four-month lows as strong U.S. export sales and reported Chinese interest in SRW triggered short covering, while Matif ended broadly steady and corn briefly touched another multi-month low.

The wheat move is encouraging, but it remains to be seen whether one strong sales week and a Chinese inquiry are enough to call a bottom.

Russian export flows are rebuilding through alternative routes, while Argentine new crop wheat is becoming cheaper.

So, there's a legitimate quality question there, but that like, that's not going to save, bacon of the market if and when it gets you know fully when the black sea like put it today like there was a few coasters released from the azov sea which if you look at the maps it's just like a little sea off the black sea and they were like oh as far as i understand they were uh vessels that were filled or loaded and the grain's been sitting on them they just they just want to take their chances and move out so the russian government from what i can gather said yeah Now, that was just a few little tiny vessels in the market.

Matif dropped five euros in five minutes because now it's gone back up since because I think the market realized, you know, it's not.

But that's just a flavor of what could happen.

if we get big vessels moving out of those ports.

Ice November 26 canola decreased $2 to $784 per tonne.

And Matif November 26 canola increased $14 to $835 per tonne.

These comments are general in nature and may not be relevant to your specific situation.

You should consider the relevant product disclosure statements and seek independent advice before purchasing any financial product.