Global grain markets: End of the year with pressured prices

(NAP) International grain markets have shown significant movements in recent weeks. Soybeans face an expectation of abundant supply, driven by record production projections in Brazil, which has impacted prices, which are already 90 USD/ton below what was recorded during the beginning of 2024 and at the lowest levels since August 2020. On the other hand, corn is recovering after having reached lows during August, favored by tighter balance sheets and the buying stance of investment funds, according to a report from the Buenos Aires Grain Exchange. Brazil expects a bumper harvest, while the United States has already realized a high production, consolidating global supply. In this context, geopolitical factors, such as the elections in the United States, and economic factors, such as the decisions of the Federal Reserve, add uncertainty to the outlook. One week before saying goodbye to 2024, the international grain market has had significant movements in recent months. Trade ...