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Rabobank says global grain prices remain historically favourable, with CBOT wheat 25% higher and CBOT corn 36% higher year-on-year as of September 14. Favourable conditions in Australia are supporting yield upgrades.
Low wheat and corn ending stocks and strong Chinese feed grain imports are cited as support.
Low exporter stocks and strong Chinese feed grain import demand support prices into the next 12 months, keeping feed costs elevated.
theland.com.auDennis Voznesenski, RabobankSep 16, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
