Global production limits grain prices

In brief: • Following the USDA, the IGC also rushed to revise its current forecast upwards • Global markets remain torn between forecasts and renewed trade flows between the US and China Grain prices ended with a slight increase on Friday, confirming weak weekly momentum. The movement of the euro/dollar exchange rate provided additional support to both the European market and many other exchanges in the Northern and Southern Hemispheres. In the current situation, global markets remain torn between data on record harvests and renewed trade flows between the US and China, against the backdrop of increasing meteorological risks in South America. Following the upward revision by the USDA at the end of last week, the IGC also rushed to revise its current forecast upwards. "With better-than-expected harvests in many parts of the world," the agency forecasts a record grain production for the 2025-26 season. The latest report, published on November 20, forecasts that total grain ...