World agricultural raw material prices are recovering

In the agricultural market, prices of many commodities have improved, including soybean meal, which unexpectedly increased by nearly 5%, and corn prices have also recovered from the lowest price range in 4 years. Meanwhile, the energy market witnessed 4/5 commodities falling in price. However, selling pressure still prevailed, so the MXV-Index fell another 0.24% to 2,099 points. Corn prices surpass the lowest price range in 4 years The agricultural market is gradually escaping the red, and prices of many commodities are recovering. Notably, soybean meal prices increased by nearly 5%, breaking the 7-session decline streak. In addition, corn and wheat prices are also recovering positively. In yesterday's trading session, corn prices rose from the lowest price range in 4 years. Although the market is still under pressure due to good supply prospects in the US, technical buying pressure has helped the market recover. Ukraine's corn production could fall to 20-21 million tonnes ...