Global supply chain pressures lingered over the past month, with the cost of dry bulk shipping increasing notably. Combined speculative positions in agricultural commodities remain in a net long position, but there remains a large net short position in wheat. Global supply chain pressures lingered over the past month, with the cost of dry bulk shipping increasing notably. Global grain prices will average lower in 2023, but plenty of upside risks remain, particularly due to volatility in energy markets amid still-strong demand.
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Graintab is a trading name of CRM Commodities Ltd (CRM Agri) which delivers independent agricultural commodity market research and advisory services. [www.crmagri.co.uk]
Graintab is a trading name of CRM Commodities Ltd (CRM Agri) which delivers independent agricultural commodity market research and advisory services. [www.crmagri.co.uk]
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