The Global Grains Export prices retreated, the GOI index fell by 16 points to a 13 month low. Part of the reasons for this decline has to do with the financial issues in the European Union, affecting all commodities, along with bearishly perceived market fundamentals, as harvests neared completion in the northern hemisphere and work started south of the equator.
Heavy supplies of wheat amid strong export competition, including from new crop grain out of Argentina and Australia, mostly reduced fob values by between US$20 (€14.985) and US$30 (€22.478) over the past month, narrowing the gap with Black Sea quotations. Read more ...
Heavy supplies of wheat amid strong export competition, including from new crop grain out of Argentina and Australia, mostly reduced fob values by between US$20 (€14.985) and US$30 (€22.478) over the past month, narrowing the gap with Black Sea quotations. Read more ...
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