US: It is natural that it is a moment of falling prices for grains
United States
Published Aug 19, 2022
Tridge summary
The president of the consulting firm Nóvitas de Argentina, Enrique Erize, assured that the international grain market is going through a difficult time. In any case, the announcement of rains for the United States gave calm to the market, even more so by finishing the rotation and soybeans in full grain filling. In Added Value of Uruguay, Erize explained that "it is natural" that this is a time of falling prices.
Original content
In addition, he said that no minor news was added: China had lowered interest rates because this year its GDP would fall for the first time. “That gives a negative tone to the main importer of soybeans, corn, wheat, sorghum and barley. The news hit the market hard,” he said. In any case, the expert stated that there is an exception, since it is about food. “Food is something else; wheat, corn and soybeans face doubts about the American harvest. We are going to see a rebound in prices in March," he said. On the other hand, he stated that there is a very complicated relationship between China and Australia, and that the Asian giant is also experiencing a difficult year. “The moment is clearly unfavorable for prices. The American crop improved and the market did the right thing. We must not lose sight of ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.