IGC reports grain market rebound

摘要

In its latest Grain Market Report (GMR - dated 19 January) the International Grains Council (IGC) notes that global grain and oilseed prices, having in mid-December 2011 dipped to their lowest in 15 months, showed some renewed firmness in subsequent weeks largely due to declining crop prospects in the drought-affected areas of South America, before again weakening on bearishly construed US supply and demand data. Global financial concerns continued to make for uncertain trading conditions throughout this period.