A close-up of an ear of wheat© Tim Scrivener
Global grain prices remain “range-bound” with little on the horizon to break the cycle, writes Cofco International UK trading director Stuart Shiells. Grain prices are moving in a fairly narrow band dictated by supply and demand dynamics. The sentiment of the large investment funds (speculators) is that the markets can only move lower – big crops get bigger with production predictions likely to grow as final harvest data and new crop information comes forward. See also: Virtual Farm model – better […]