Global grain prices remain under pressure

Grain prices remain under pressure. One of the reasons is the financial markets, and the other is the strong export competition. At the same time, discussions between Ukraine and the EU regarding Ukrainian grain exports continue to dominate European debates. Thursday's sharp drop in grain prices coincided with a collapse in financial markets, with the dollar's rise weighing on the commodities sector. However, crude oil prices remain stable given the threat of shortages, which supports the entire biofuels sector, commented agrarheute.de. Corn and soybean prices also fell sharply in Chicago on Thursday evening. Thus, the market also reacted to the very weak weekly US export data published by the Department of Agriculture in Washington. In addition, competition from cheap Russian wheat and an abundance of Brazilian corn and soybeans is pushing prices down. Ukraine agreed on Thursday to license its grain exports to Slovakia and pushed for a deal with Poland to lift its neighbors' ...