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ABN Amro expects wheat and corn prices to rise in 2019 while soybean prices face pressure from large Brazilian and US harvests. The bank cites Chinese soybean purchases from the US, strong animal feed demand, and currency and trade-war effects.
Forecasts of tighter global corn and wheat supplies point to higher feed grain costs, while ample soybean supply should limit soy price gains. Currency moves such as the Brazilian real will also affect export competitiveness.
en.boerenbusiness.nlAnne Jan DoornJan 17, 2019Not 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.
