A slowdown in global cereal markets

The cereal markets have slowed down, with operations still at a standstill. August is a month in which there is usually little movement in sales, which is added to a situation of abundant stock and unattractive prices for sale to farmers. Added to this is the tension in the Middle East, which has caused the price of oil to rebound and the euro to revalue against the dollar, making European cereals less competitive. On the other hand, the latest USADA report has reduced European wheat production and increased that of Ukraine, rendering any reaction ineffective. As for corn, the good crop conditions in the United States and the forecast of rain in the main producing areas are putting pressure on prices, but at the same time the lower number of hectares sown will reduce stocks. On the main national tables, the Lonja del Ebro has maintained its prices this week. The different types of barley remain between 212 and 198 euros, and wheat between 265 and 223. On the other hand, at the ...