World: Grain markets got firmer again in April
World grain markets were firmer again in April (except for price corrections for the ending May contract), H. M. Gauger GmbH said in their early May report.
While there is a modest inverse for new crop corn and soybeans, there is none for wheat. Missing Ukrainian wheat, corn and barley supplies are one market factor, Russian export stops a risk, weather concerns are serious for the U.S. corn planting, wheat and barley in the Canadian western plains, the Brazilian safrinha maize and the Indian and Pakistani grain crops.
The whole of Europe, Australia and Argentina look rather good. The ever growing consumptive needs, the cost explosion of energy, fertilizer, transport and labour (inflation) are facts, which will support higher grain prices for a long time to come, the analysts said.
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