Price forecast from 15 to 19 of February 2021
Grain market: Cereals do not grow, indicating a desire to cool down by 5-10%. Wheat importers, through tenders, made it clear to grain traders that prices above $ 300 per ton are unacceptable. The exchange market caught this message and stopped. However, analysts in the US are calling for the sowing of every vacant piece of land, predicting increased demand for wheat this season. It is possible that after a rollback from current highs to May, we will observe a picture uncharacteristic for summer when grain prices will not fall at all against the background of a new harvest. The situation can be very dramatic for the poor in society. What is happening fits well with the theory that it is the poor, whose income is mostly spent on food, who will pay for the games of central bank governors with their endless injections of trillions into a barely living body affected by deflation and stagnant circulation of money in the system. The swing in grain prices against the backdrop of a downturn in the economy, and against the background of an extremely high harvest, looks from the outside as a very unfavorable thing, capable of increasing social tension in the future.