Downward sentiment causes grain prices to fall
Grain prices fell sharply the week of 24 June, 2022 with downward sentiment taking hold. MATIF Sep 22 closed 23 June at approximately €360/t – nearly 20% down on the peak in mid-May. Rapid progress in US wheat harvesting, an early European harvest and a very large Russian forecast appear to be exhibiting pressure on all commodity markets. Paris rapeseed (Nov 22) closed at €718.50 on Tuesday (21 June) and…