Tridge summary
The European Central Bank (ECB) has lowered interest rates to boost the European economy and suppress inflation, while the Federal Reserve is expected to continue this trend in 2025. Despite a temporary rise, gold prices are under pressure due to a strong dollar, causing investors to shift away from the metal. A ship accident and potential blockage on the Moselle have led to an increase in grain prices, particularly barley and wheat. Despite challenges in winter sowing in Russia and Ukraine's introduction of a minimum export price for grains, demand for corn in Europe remains high, driving up prices. Soybean harvest expectations in South America are positive, with talks of a record harvest for Brazil, as long as growing conditions remain favorable. Rapeseed meal prices continue to rise, while prices for palm kernel and soy hulls remain stable. Wheat bran prices have risen due to tight supply.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The ECB lowered interest rates last week. They want to give the European economy a boost and try to suppress inflation. The FED is expected to continue lowering interest rates in 2025, although there is uncertainty about the long-term vision. Inflation in the US is not moving towards the intended two percent. Gold is currently under pressure due to the strong dollar. Despite a rise in the price last week, the gold price is still falling somewhat. The strong dollar is causing investors to move away from gold. However, it is expected that the gold price will hold up in the coming period. Last week, grain prices of both barley and wheat rose as a result of an accident with a ship on the Moselle. As a result, the supply of grains is limited, which has a direct impact on grain prices. There is even talk of a blockage that would last until the end of March. In addition, there are reports from Russia that the winter sowing in parts of the country has not gone well, which means that some ...
Source: Melkveebedrijf
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