During the previous week American farmers have done the impossible, bringing up the sowing plan from 28% to 70% completion. This truly huge step has fairly reduce tension on the corn market, however, on Monday, rains began over the Great Plains territory again. At the moment, about 90% of the Corn Belt is raw, and therefore it is no longer possible to continue its cultivation. All of this has pushed prices on grains upwards; prices for corn are growing steadily. At the same time, U.S. stock of corn from the previous season has diminished - poor harvest of the last season, country’s market deficits is being felt stronger, which also promotes price growth.

Wheat is slowly getting cheaper - although bad weather and poor winter crop conditions have also contribute to its strengthening; but far more significant was the impact from the news on the improved weather conditions in Australia and in the Black Sea area - harvests on these regions is expected to be more abundant, and U.S. prices are promptly reacting to this.

Price for the soybean rose remarkably, not surprising since U.S. soybean stock depleting. Besides, it was promoted by related market of palm oil - CPO futures in Kuala Lumpur also show strong growth today.