Global: Grain prices and forecasts continue to fall

In short: Stocks in Chicago and Europe hit new monthly lows • Strategie Grains lowered its forecast for the sunflower harvest in Bulgaria Euronext prices continue to fall without finding any support factors. Thus, September wheat on the European exchange fell to 215 euros per ton, November corn to 205 euros per ton, and November rape was traded at 470 euros per ton. The current environment is disrupted by both political and macroeconomic uncertainty. On the one hand, the decline follows the momentum of the Chicago Stock Exchange, and on the other hand, the incoming data of the agencies increasingly strengthens concerns for many regions, which calls into question the demand for raw materials. Overseas, the downward trend in US prices continues amid fears of a trade slowdown. As Chinese purchases remain erratic, uncertainty increases and further pushes prices down. With the world picture thus created, the Black Sea origin still seems to be the best positioned, but the eyes are ...