Growing grain supply is pushes prices down

Growing grain supply is pushes prices down
Worldwide, the grain supply is increasing, according to all forecasts.

The grain market waited anxiously for the report on March 31 about the expected areas of maize and soy in the United States and about the state of affairs with regard to grain stocks with reference date 1 March. As a result, grain trade on the futures markets in Chicago and Paris was still characterised by caution on Tuesday, March 30. There was pressure on prices, with corn holding up somewhat better than wheat.
 
Downsizing of positions
 
In recent days, the futures markets have been heavily influenced by the reduction of positions by financial institutions. This is not an uncommon phenomenon for the end of March. Which is the end of the fiscal year for many of these organisations. If possible, they take profit and assess which positions they can take up again on the (futures) markets, for oil, for example, and certainly also for agricultural products, especially grain.
 
In view of the sharply increased grain prices in recent months, they have achieved a return. A few things do put pressure on the price level, which in turn spills over to the physical market. After all, in the cereal sector a lot of trade takes place on the basis of stock exchange quotations with a premium.
 
Growing supply of grain
 
Worldwide, the supply of grain is increasing. This is evident from all forecasts from, among others, the International Grains Council, the US Department of Agriculture and the European Commission. The weather can still have a major influence on the actual harvest. The large temperature fluctuations in the EU between this week and next week are therefore carefully monitored. For the situation in Western Europe, when there is much cheaper ‘foreign’ supply, the relatively high prices here have been hit hard, especially for wheat.

https://www.allaboutfeed.net/market/feed-statistics/growing-grain-supply-is-pushes-prices-down/

Derniers billets postés

Plant products still growing

Plant products still growing

Turnover of plant products rose by 9.1% in the year-to-date period to 23 May, to €522 million, ...

Lire la suite
The Picard connected snack bar

The Picard connected snack bar

Launched in 2019, Picard's automatic food and dessert vending machine is present in around thirty diversified ...

Lire la suite
Favorite ice cream brands in France

Favorite ice cream brands in France

According to a YouGov survey of 1,021 French people conducted between July 7th and 8th, 24% of respondants ...

Lire la suite

Commentaires

Soyez le premier à poster un commentaire !

Ajouter votre commentaire

Les informations recueillies sont utilisées pour publier votre commentaire. Conformément au "règlement général sur la protection des données personnelles", vous pouvez exercer votre droit d'accès aux données vous concernant et les faire rectifier en contactant Sutralis par email (nathalie.lopez@sutralis.com). Consulter les détails du consentement.

Que donne quatre fois trois ? (chiffres) :

Haut de page