Increase in prices of wheat, sugar and orange juice provides the economic analysis and investment strategy department for its agricultural products Bank of Piraeuswhile an opposite trend is expected for corn, cotton and rice.
More specifically, wheat prices are likely to move higher due to geopolitical risks, while sugar may be negatively affected by adverse weather conditions affecting production.
“Oversold” levels in the corn price are acting as a support for its price, however reduced Chinese imports are likely to have a negative impact.
For orange juice, production cuts are likely to boost its price, but its high valuation level raises concerns about its price trajectory.
The increased production of Indian cotton is likely to limit the upward path of the price to cottondespite continued Chinese imports.
For soybeans, the uncertainty that still exists around global supply levels may have a negative effect on its price.
Limited production and export activity may maintain the high level in cattle prices, a trend that is likely to reverse due to the high level of valuation.
For rice, the prospects of enhanced Indian rice production may have a negative impact on its price.
