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Market Monitor November 2019

07 Nov 2019

According to the November edition of the AMIS Market Monitor, international grain and oilseed markets firmed last month in view of dampening supply proposect for 2019/20. Maize prices were mainly driven by reduced US opening stock estimates, while wheat prices rose following a downgrading of production prospects in a number of major exporting countries. Soybean prices also firmed significantly, mostly due to a provisional resumption of Chinese purchases of US cargoes that added upward pressure. By contrast, rice prices were kept in check by harvest pressure, slow demand and prospects of world supplies remaining ample.