MARKETS CONSOLIDATE AS US HARVEST AND SOUTH AMERICAN DRILLINGS ARE LOOMING.
09 Sep 2021
Following on a buoyant summer, markets are taking a breath. Traders are in a ‘wait and see’ position as contradictory signals are leading prices to consolidate. On one side fundamentals will remain very tight on all ag commodities. On the other side, the imminent US harvest combined with the kicking drillings operations in South America are giving hope for a medium-term restocking period. Furthermore, many are starting to question Chinese grain import needs for this coming season...
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