Adverse Weather Conditions In The US To Continue To Depress Grain Prices

Proshare

Thursday, May 09, 2019  / 05:16PM / by FDC

 

Following an escalation of tensions between the US and China, Brent is currently trading below $70pb ($69.98pb). The YTD gain in oil price is now at 30%.

 

A fall out from the fresh round of negotiations between the US and China this week could result in a further fall in oil price. With the 2019 oil price budget benchmark in view, a sustained reduction in price would have a negative impact on external reserves accretion and exchange rate stability.

 

The slides below address these and other issues in the domestic and global commodity markets.



Proshare Nigeria Pvt. Ltd.




Proshare Nigeria Pvt. Ltd.



Related News

  1. Red Pepper Price Spiked By 17% To N7,000 Per Basket
  2. Sugar Prices To Continue Its Downward Trend Due To Higher Global Stockpiles
  3. Grain Prices To Decline Further Due to Robust Supply
  4. Sugar Prices Up By 3.75%; Driven By A Decline In Kenya’s Sugar Production
  5. 7,183MT of Commodities Valued At N773.1m Traded on AFEX in Q1, 2019
  6. Expectations of Bumper Harvest In Ivory Coast To Push Cocoa Prices Downward In The Near Term
  7. Rising Global Stocks To Pressurize Grains Prices In The Near Term
  8. Sugar Prices Fell By 0.24% on Expectation Of Lower Harvest In The EU
  9. Wheat Prices Up By 1.29%; Driven By Lower Production In the US
  10. Cocoa Prices Up By 0.48% Despite Forecasts of Increased Global Production
  11. AFEX Partners Proshare For a Twitter Chat on the Agricultural Commodities Market
  12. Building a Fair Commodities Exchange in Nigeria
  13. Expectations of a Bumper Harvest from Ivory Coast Likely to Depress Cocoa Prices
  14. Diversion of Brazilian Cane Mills to Ethanol Production to Boost Sugar Prices
  15. AFEX Shares Insights on How Women in Agriculture Balance for Better Even On the Farm

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP