The price in Greece for corn exceeds 25 cents per kilo for the producers who have kept stock

Published 2021년 2월 27일

Tridge summary

The grain market has experienced significant changes, with prices expected to further increase, especially for corn, and may not return to previous lows. The high prices in Greece and the persistent drought in Eastern Europe have contributed to the rise in prices. The first estimates for the next crop in autumn 2021 suggest that the market situation will not significantly change. However, uncertainties exist regarding the cultivation intentions in neighboring countries and the intensity of weather phenomena. Despite the USDA's data showing that China's stocks have been stable for a year, global market trends indicate an upward trend in prices. In the US, there is an increase in the intention to cultivate cotton.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The grain market has changed dramatically in recent months, according to many international analysts, who are in favor of a further rise in agricultural markets, speculating specifically for corn that it will hardly return to previous lows. Prices in Greece for those producers who have maintained a stock even exceed 25 cents per kilo, which encourages many to choose the cultivation of this product in view of spring sowing, to the detriment of cotton and especially sunflower. It should be noted that in the European market, the persistent drought that hit the Balkans and Eastern Europe in the previous growing season was the one that contributed significantly to the rise in prices, as stocks in the importing countries have risen significantly. Of course, this shortage of stocks will be transferred to the new commercial period, given that the new crop will find empty warehouses, as people in the market point out in Agrenda. For this reason, the first estimates for the next crop want ...
Source: GRAgronews

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