World: Analysts expect firm prices for grains, oilseeds and vegetable oils for a long time to come

USDA and IGC production and stock figures show a fairly safe supply and demand situation for corn and soybeans, but tighter wheat and barley supplies. They do not reflect at all the extremely tight supplies of milling and durum wheat, milling oats and malting barley, H. M. Gauger GmbH said in their October report.

Chicago futures markets were uneventful during September, while Paris futures and especially physical markets of European and southern hemisphere grains took their own - firmer - course.

There is a lack of grain supplies, at least in the northern half of the world. The crisis is aggravated by a huge lack of natural gas and coal supplies, high prices of crude oil, record ocean freight rates for bulk and container goods.

The aftermath of Covid has interrupted essential supply chains. In the EU higher taxes on CO2 output, also acreage, fertilizer and herbicide restrictions on agri-production are seen necessary to fight the climate change, but they also reduce agri-production. Altogether price levels of grains, oilseeds and vegetable oils look firm for a long time to come, the analysts said.

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