WANDILE SIHLOBO: Grain and oilseed forecasts take a dive as dryness threatens global outputs
Prices could remain elevated on doubts over the size of South American and Black Sea harvests
27 October 2020 - 14:54
It is not my usual practice to revisit the subject of a previous column. But in this instance I am compelled to do so because of the fast-changing global agricultural outlook and its implications for prices.
The sentiment around 2020/2021 global grain and oilseed production is now somewhat less optimistic due to a possible downward revision to the respective harvests. This comes amid doubts over the potential size of South American and Black Sea grain and oilseed harvests because of dryness threatening crops...
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