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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Recent post
- Grain and Oilseeds Outlook
• Corn & wheat - US wheat price dip disguises tightening signs • Oilseeds - Funds caught out by turn dry in Argentine weather • Crop Watch - Argentina’s turn drier - Review of CRM Agri’s forecasts for 2024
In December 2023, we published our 2024 outlook and forecasts. As another year draws to a close, its time to take a look at those forecasts and how accurate they were.
