The tough resistance of the Ukrainian army led to lower grain prices

Ukraine continues to resist Russian aggression, and the Ukrainian army successfully resists the Russian one on all four fronts. Western countries have also joined forces in supporting Ukraine. This led to a decline in world grain prices, which rose sharply on the first day of the attack.

Tough sanctions against Russia with the freezing of international reserves, disconnection from the SWIFT system will sharply reduce Russian exports, which has already led to a rapid devaluation of the ruble. Today, since the beginning of trading, the ruble exchange rate against the dollar has fallen by 27% to 107 rubles/. and will soon fall to 150-200 rubles/..

Russia offered to hold talks with Ukraine after the Ukrainian army destroyed 29 Russian aircraft, 29 helicopters, 19 tanks, more than 816 armored personnel carriers and infantry fighting vehicles, 74 guns, 1 Buk air defense system, 21 MLRS, 21 Grad complexes, 3 operational-tactical UAVs, 60 tanks, 2 ships/boats, 291 cars during 4 days of resistance. Military losses have already exceeded 5,300 people.

The intentions to quickly seize Kiev and change the government were not justified. At the same time, all Ukrainians went on the defensive, more than 200 thousand people were mobilized to the armed forces of Ukraine, which doubles the size of the army. In addition, theroborona is being formed rapidly.

Prices for oil and commodities, after rising by 5-10% the day before, fell by 5-7% at the end of the week, as the world understands that Russia will lose the most from the war, which will block reserves for losses caused to Ukraine. And the fall of the Russian economy will lead to an increase in oil supplies.

Wheat exports from Ukraine have been stopped due to military operations, while those from Russia will be minimal due to the inability to pay. However, global markets have sufficient reserves, and European exporters will be able to step up exports and reach the forecast levels.

• March futures for European wheat on Paris Euronext after rising by 29.5 €/ton the day before fell on Friday by 26.5 €/ton to 290 €/ton or 3 323.3/ton.

March futures also fell on US stock exchanges:

• by 10.9% or 3 30.5 / ton to Чикаго 309.7/ton for soft winter SRW wheat in Chicago,
• by 9.4% or 2 28.02 / ton to 3 325.8 / ton for hard winter HRW wheat in Kansas City,
• by 8.9% or 2 28.57 / ton to 3 349.9 / ton for hrs durum wheat in Minneapolis,
• by 3.5% or 1 11/ton to 3 315.5/ton for Black Sea wheat in Chicago.

April Brent crude futures on London ICE Futures reached 1 106/barrel during trading, but then fell to.102.5/barrel.

Sanctions will allow Russia to supply oil to world markets, and after the fall of the economy, the Russian Federation will be forced to increase gas and oil supplies in order to get a livelihood.