CRM AgriCommodities Market Review – 13th May 2019
Wheat prices continued to fall domestically/globally on improving weather across parts of Western Europe and the Black Sea where some precipitation, although limited in the UK [20-30mm], finally arrived last week. Things might appear like they are moving backwards with Trump announcing this week a further round of Tariffs on $200 billion of Chinese goods, as he raised the stakes in a game of global tariff poker which is set to reach an exciting climax at some point when one of the players runs out of chips.