The global grain market is a harvest and war cocktail, proteins remain difficult

Published 2023년 8월 15일

Tridge summary

The grain market is currently experiencing volatility due to factors such as geopolitical tensions and weather forecasts. Corn prices have been impacted by both geopolitical tensions and favorable weather forecasts in the United States, resulting in increased price volatility. The euro has shown minimal movement in the past two weeks, fluctuating within a range, and there is a clear downward trend in the EUR/USD exchange rate over the years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The grains market is currently in a dynamic phase, influenced by both harvest factors and geopolitical tensions. Escalations in the Black Sea and the lack of a new grain deal drove prices on the grain market significantly higher in July. Corn prices have also been impacted by geopolitical tensions and favorable weather forecasts in the United States, which have increased price volatility. Corn prices have also been impacted by geopolitical tensions and favorable weather forecasts in the United States, which have increased price volatility. The euro has not shown much movement in the past two weeks, the EUR/USD exchange rate fluctuated between 1.0913 and 1.1065. After the volatile period earlier in July, when the price made a new high, this is actually a nice move with the price of the previous ceiling now making a bottom. In an upward trend, this means that the price taps higher ceilings and makes higher bottoms. Trends don't go up in a straight line, so in this nice wave movement ...

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