The global grain market quiet, soybean prices are still stable

The euro/dollar exchange rate has fallen slightly over the past two weeks and is therefore losing value against the dollar. The market of the EUR/USD rate is awaiting further information but is at 1.0781 at the time of writing. The grain market has been impacted by geopolitical tensions and weather changes, which has affected prices. The focus is on the competition between European and Russian exports and the impact on prices. In the US, weather is affecting corn and soybean prices, while by-products remain stable with a focus on future crops. Grain market is quiet The grain market continues to see the effects of the ongoing attacks in the Black Sea and the changes in US weather forecasts. But over the past two weeks, grain prices have remained at a lower level, allowing European grains to better compete with Russian export records. Since Russia wants to keep the income from exports, the question is whether it will push prices down further. Corn is still doing well in the US, but ...