Analysis of world harvest prices by January 26: Growth in barley prices

Published 2024년 1월 27일

Tridge summary

Wheat prices are stable due to low demand and high stocks, while barley prices have risen, possibly due to farmers intensifying weak sales. Sunflower prices are expected to remain stable over the next two months despite decreased purchases from oil factories, and soybean prices are not expected to decrease. Meanwhile, sunflower oil prices in Russia are declining due to high inventories and low activity of oil factories, but this trend may not last long. Factors affecting these trends include potential crop losses in the EU, drought in North Africa, weak demand from China and India, and the low dollar exchange rate.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat prices still maintain a “ruble” gap from the parity level, but last week barley quotes showed an unexpected increase. Analysts attribute this to the need to intensify weak sales on the part of farmers. Sunflower prices, although under pressure from decreased purchases from oil factories, will be stable over the next two months. And there are no reasons yet for a reduction in the price of soybeans on the market. WHEAT World market Factors leading to higher prices: Potential losses of winter wheat crops in France and other countries of the European Union. Drought in North African countries could significantly worsen the prospects for the 2024 harvest and create additional demand. Factors leading to lower prices: Weak demand from importers against the backdrop of high stocks of wheat for sale in a number of key countries (Russia, countries of the European Union). Russian market Factors leading to price increases: No significant factors noted. Factors leading to price ...

Source: Zol