USDA & PUTIN DRIVE PRICES UP, S. AMERICAN PLANTINGS START INTO VERY DRY SOILS.
15 Sep 2022
It was a positive week for Ag commodity prices. Our markets have been supported by a conjunction of bullish factors (US production, dropping currencies) and rising risks (S. American weather, Black Sea grain deal). So, what’s next for our prices? At this stage we can confirm our cautious long-term bearish view on all crops as supplies are there and we foresee a highly probable demand shock in 2023. However uncertainty remains very elevated and some price peaks can take place at any time.
This news is reserved for subscribers.
Want to read more?
Sign up for full access to all news and stay up to date on the grain market.