World: Still the largest grain, oilseed exporter, USDA nevertheless lost market share to other countries

The USA, still the largest grain and oilseed exporter of the world, lost large market shares of wheat to the EU and Russia, of corn to South America and Ukraine, H. M. Gauger GmbH reported on March 31.

The US suppliers’ lack of competitiveness was boosted by the strength of the U.S. dollar.

American analysts are pessimistic for grain prices of the current and next crop year, they are afraid that the actual as of the end of March CBoT prices of USD 5.00 per bushel for wheat, USD 3.90 for corn and 9.75 for soybeans may drop another 50 cents between now and summer.

Only very strong droughts could change this situation, analysts believe.

15 April, 2015