Crop price analysis on August 30: Worsening crop prospects drive prices up on the global market

The yield data for corn, soybeans and sunflower at the start of the harvesting campaign do not inspire optimism in terms of the prospects for the gross harvest, but for price indicators this is becoming a growth factor. Barley exports are proceeding at a record pace: in the first two months of the season, about 35-40% of the potential for the entire season was sent abroad. Meanwhile, wheat quotes have fallen, but experts believe that a reversal of the trend should be expected in the fourth quarter. WHEAT World market Factors leading to price growth: A sharp decrease in wheat harvest estimates in France and Germany. Factors leading to a decrease in prices: A slowdown in tender activity, purchases by Tunisia and Jordan confirm stagnation of prices in the range of $215-220 per ton (FOB Black Sea). Russian market Factors leading to price growth: Deterioration in the quality of wheat in the Volga region and Western Siberia against the backdrop of heavy rains during the harvesting ...