Black Monday, Egyptian Demand & IGC Expectations --- This Week in the Grain Markets

by

Opinion

Grains were recently taken for a ride along with the rest of the world markets, mainly thanks to tanking equity markets in Asia. They’re calling August 24, 2015 Black Monday as markets in China crashed, and when North American markets opened up, they quickly followed. The main argument for the flash decline is lack of confidence in the Chinese economy, which is why panic spread and equity and commodity markets all fell significantly. As the Chinese economy is trying to get propped up (government bailouts of the stock market, interest rate drops, etc.), world governments elsewhere are looking for better ways…

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