Last week saw strong trading in grain markets, with December MATIF wheat closing at €338.50/t last Friday, up €23.50/t on the previous week but similar to the previous Tuesday evening. It closed on Monday last at €330/t.

After gaining a few euro on Tuesday morning, it slipped back considerably to a low of €310.25/t on the back of optimism for peace talks in the Ukrainian conflict. Prices picked up slightly before evening to close at €316.50/t.