World: Grain market under the spell of war, proteins remain expensive

Once again, a lot is happening in the commodities market. We have seen significant price movements in the grain market over the past two weeks due to further escalations in Ukraine. Russia blocks important grain routes. This puts even more pressure on the grain market due to the export via road and rail. Soybean prices are also rising sharply on the news of the war. Read everything about the current raw materials market below. After the strong fluctuations in the currency markets in the first half of July, we see a correction taking place in the second half. The euro has come back from 1.1245 on 7/14 to 1.0989 on 7/27. The DXY index, the basket of currencies against the dollar, is also back at 101.79, after this index fell through the psychological bottom of 100 on 13-7 (see chart). The previous move down was the result of better than expected inflation numbers, investors reacted very positively to that and the correction back from the past two weeks is actually the move, putting ...