Price forecast from 18 to 22 of July 2022

Grain market:

Turkey, with its national currency continuing to fall into hell, and indeed the entire economy, is more interested in the supply of grain than Russia and Ukraine combined in the sale of this grain to Turkey. Therefore, Erdogan gathers everyone at his place. He encourages everyone to find a solution in terms of logistics. And most likely it will be found.

Hello!

The July USDA report confirmed the positive expectations of analysts about a good gross grain harvest in the 22/23 season. This fact had a significant pressure on prices, primarily on wheat, which seriously thought about reaching the level of 650 cents per bushel. In Novorossiysk, wheat with a protein content of 12.5% continues to fall in price. The current price levels are 355 - 365 dollars per ton, but we should expect a stronger drop in prices. A move to the level of $320 per ton against the backdrop of a new crop is possible.

By reading our predictions, you could make money in the gold market by taking a move down from $1845 to $1700 per troy ounce.