Have a Grain Marketing Question ?

Response within 2hrs

Close modal

    WHY ARE WHEAT PRICES GOING DOWN?

    11 Jan 2023
    Following on the short-term price rally during the Christmas period, 2023 is starting like 2022 ended. The bearish trend initiated in October is intact. The trigger was the extension of the grain corridor. The fuel is the end of the massive Black Sea risk premium. The accelerator is the negative impact of currency rates and falling fertiliser prices. Traders are back to fundamentals: global grain world S&Ds are well balanced and cannot justify the record high levels we saw in 2022...

    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.

    Register
    Back to news