The only way is up? Exports bans, Black Sea geopolitics, and persistent weather risks are driving prices to new records.
28 Apr 2022
Grain and oilseeds continue to hedge higher this week but within a more volatile market. US weather maps are now extending into the middle of May without a real break in the cold and wet Midwest weather. Dry Safrinha corn conditions remain in Brazil. Supply concerns persist in war-torn Ukraine. Finally Indonesia, the worlds largest palm oil exporter, announced a highly unexpected ban on refined palm oil. So, is the only way up for ag. prices?
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