Egypt reduces specification to increase wheat import options
After what has been a recent downward trend,…
May 26, 2022After what has been a recent downward trend,…
May 26, 2022Making headlines today has been statements about food…
May 25, 2022Global markets have been in the green today, all recovering some of the recent losses. Crude oil has been leading the charge, up over $2/Bbl and nearly 3% during the day. The buoyant recovery in markets has also translated to corn, wheat and soy, also all in the green today. Alongside what has been an across-the-board push higher in markets today, dryness in South America continues to be a concern, with drought conditions widespread across southern Brazil, providing support to both soybeans and corn, and therefore also wheat markets. Amid the dry conditions in Brazil and Argentina, planting in Argentina remains delayed, with only half of corn planted. La Nina concerns and the South American weather market has certainly already got underway. Rainfall over the next few weeks will be key. |