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Weather conditions have improved for farmers grappling with rain in Europe and enduring drought in Brazil. However, this does not translate into smooth sailing for grain markets.
Weather conditions have improved for farmers grappling with rain in Europe and enduring drought in Brazil. However, this does not translate into smooth sailing for grain markets.
At the onset of the week, US grain prices experienced an increase, but later faced downward pressure following the release of the USDA’s World Agricultural Supply and Demand Estimates (WASDE).
As the new year unfolds, the grain markets see a subdued start, following a year marked by notable declines in major contracts, as observed by analysts at CRM Agri.
Global poultry industry growth will accelerate from 1.1% this year to 1.5% to 2% due to lower feed costs, finds an industry outlook.