Keeping an eye on Argentina for direction — This week in the grain markets

by

Opinion

Grain markets ended the month of November mostly in the green as optimism around of the trade war between the U.S. and China ending helped pushing the complex higher. A lot of focus to end the month was down in Argentina, where this week’s G20 Summit is taking place and many meetings between country leaders and their trade teams are taking place. Wheat prices are watching the stand-off between Russia and Ukraine, and if grain flows will be disrupted in the Azov Sea. For perspective, the freight route only accounted for about 6% of Ukraine’s total grain shipments in October,…

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