Grain prices on August 31 all fell in the US due to fears of an economic recession
United States
Published Sep 1, 2022
Tridge summary
Profit-taking towards the end of the month also affected corn futures prices, a day after the reference contract – December-0 futures hit a two-month high, related to a softening of the production outlook. American crops. Closing the session, December corn futures fell 7-3/4 US cents to 6.75-1/4 USD/bushel, a day after reaching 6.83-3/4 USD, the highest level since June 23.
Original content
Profit-taking towards the end of the month also affected corn futures prices, a day after the reference contract – December-0 futures hit a two-month high, related to a softening of the production outlook. American crops. Closing the session, December corn futures fell 7-3/4 US cents to 6.75-1/4 USD/bushel, a day after reaching 6.83-3/4 USD, the highest level since June 23. Wheat for the same term fell 22-1/2 cents at $8.20-1/4/bushel, while soybeans for November delivery fell 3 US cents, to 14.34-3/4/bushel. . In a report published in August, the US Department of Agriculture (USDA) increased its forecast for global corn production for the 2021/2022 crop year compared with the forecast for July 2022 due to increased production in the European Union (EU). ), Malawi and Bolivia. Global exports are also forecast to increase with gains from Ukraine, Serbia and the EU. Global imports are forecast to decline with cuts for Algeria, Morocco, South Korea and Vietnam, while imports ...
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