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R&H Hall trader Philip Lynch says world grain stocks keep rising as all major cereal regions had acceptable harvests. Black Sea and Russian output is growing, and weak local currencies are encouraging farmers.
He says only a serious weather event would change the bearish balance.
Rising global grain stocks and expanding Black Sea output keep grain prices under pressure, which favors cheaper feed grain purchases. Prices would need a major weather shock to rally.
agriland.ieRichard HalleronNov 5, 2017Not 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.
