Grain prices in the EU reflect the crisis in the global grain market

Prices for rainwater remain under pressure, which industry experts attribute to several factors, reported the German news portal Agrarheute on November 24. The first reason, according to analysts, is the exceptionally high global wheat and corn harvest, which exerts downward pressure on grain prices. The second reason is currency exchange rates and geopolitics, which influence grain marketing opportunities more than ever before in a long time. Wheat prices remain under pressure due to the intensification of the harvest in Australia and Argentina. Last week, the Western Australian Grain Producers Association increased its forecast for wheat production by 0.42 million tons to 13.05 million tons. Last year, production was 12.45 million tons. Western Australia accounts for about a third of the country's total wheat production. According to the Buenos Aires Grain Exchange (BAGE), as of November 19, wheat harvesting in ...