London, 25 August 2011

After a turbulent July, export prices of grains and oilseeds mostly strengthened in the past month as bullishness linked to crop uncertainties, especially in the US, mostly overcame the generally negative global financial sentiment and steep declines in equities. The dominant concerns were about the tightening outlook for maize and higher quality wheat, as well as the impact of national policy measures on Asian rice export prices. Heavy buying of Black Sea region grain narrowed the price gap with other origins.

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