While previous production seasons were associated with relatively low global grain and oilseed stock levels as a result of the persistent La Niña weather phenomenon that led to supply woes for major producer Argentina, ample supplies in the 2023/24 season are expected to bring some reprieve and lower prices. This piece considers several market dynamics and shares expectations for local grain and oilseed prices over the coming months.
High stock levels, low demand put grain farmers in a tight spot
Feb 16, 2024
2 minutes
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