GRAIN DEAL RENEWED FOR 60 DAYS! WHERE NEXT FOR PRICES?

18 May 2023

We expected Russia to be tough in their negotiations. They capitulated and agreed to the prolongation, apparently, without having any new guarantees on their requests. It comes as a surprise to us. Prices reacted on the downside yesterday and are now trading at the season’s lows. Let’s review here what could influence, in the near and longer term, this bearish market tone.

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