International Grain Council: GRAIN MARKET REPORT as of 21-Jan.2010

World grain and oilseed export prices mostly posted net declines over the past two months, but rice values rose sharply. Market activity was frequently light during the holiday period and technical trading and movements in currencies influenced prices.

Occasional support was linked to unfavourable weather that caused transportation difficulties and some crop concerns in Europe, the CIS and North America, including delays completing the US maize harvest. However, in mid-January, grain values were pressed sharply lower by bearish official crop reports in the US.

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