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World prices of grain fell due to uncertain weather conditions

World prices of grain fell due to uncertain weather conditions

World prices of grain fell due to uncertain weather conditions

Prices for cereals throughout the world fell due to speculation on uncertain weather conditions.

Such data was provided by FOREX CLUB.

The decrease in the value of grain contracts for March on the Chicago Exchange was from 0.1% to 1.5%.

It is stated that the first half of the current month was marked by a very low level of trade and the main reason for this is the arguments around the uncertainty of weather conditions. Although at first the questions about whether the crops in Northern hemisphere will survive, and how the drought in Latin America will affect the yields significantly increased purchases.

The current situation with prices of cereals was also affected by a reduction in wheat stocks, as announced by the Bureau of Statistics of Australia.

It should be recalled that the forecasts for wheat production in the world in the current marketing year were increased by 1.8 million tons in comparison with the forecasts for December of last year, and now the forecasted amount of wheat will amount to just over 757 million tons.

Uncertain weather conditions have a significant impact on world grain prices. Changes in weather such as droughts, floods, frosts or dryness can significantly affect the yield and quality of crops in different regions of the world.

These uncertainties in the weather lead to instability in the world grain market and lower prices. Uncertainty in the harvest and supply of grain causes caution among buyers and may lead to increased competition among producers.

On the COM3S page you will find analysis and the latest trends on the impact of uncertain weather conditions on world grain prices. We provide reliable data to help you understand how weather affects the global grain market and make informed business decisions.

Keep track of weather changes and their impact on global grain prices to effectively manage your grain market operations. COM3S provides up-to-date data and analytics to help you assess weather-related risks and opportunities and take appropriate action to protect your business.