Overall, the global economic backdrop has showed numerous signs of improvement over the past month, supporting the outlook for the demand for agricultural goods. That said, given inflation is still too high in most developed economies, this strong macroeconomic environment allows major central banks some leeway to hike interest rates further this year, which is a headwind for agricultural demand ahead and capping price movements higher.
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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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- Agricultural Economic Outlook – October 2024
• Trump victory initially weighs on grain markets • US dollar continues to surge • Oil price risk premium provides support - Weekly Oilseed Outlook
Highlights: • Rapeseed - Prices extend rally, but headwinds mount • Soybeans - Strong demand for US soybeans—for now, at least • Crop Watch - Weather helps French, South American sowings
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Daily Grain Markets
- Wheat rises on escalating geo-political tensions November 21, 2024