Speculation and overproduction move the grain prices

Nearly 70 percent of world’s cereal production will be wheat and corn this year. Because of the previous high prices many people interested towards the grain section of the commodity exchange. Speculation occured while uncertainty increased. This, together with the unpredictability of the weather is sometimes too much for the market – agrotrend.hu wrote.

In Hungary, the market is even more concentrated, so in Hungary, the proportion of wheat and corn was 83 percent in 2015. If we consider that agriculture has a weight of around 4 percent within the GDP in Hungary, the increased attention to the subject has already justified. (agrotrend.hu / magro.hu)