The Russian government has now issued a fairly optimistic forecast for the next grain harvest. Photo: Koos Groenewold
Changing weather conditions in large grain production areas, namely Russia, Ukraine and South America, have a depressing effect on the futures market. There is now also strong influence from financial investors. Fall in prices in the grain futures markets in the previous week are, in part, due to the fact that trade is currently more strongly influenced by parties engaged in financial market developments than by purely agro-economic market parties. As a result, the grain market is also strong
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