Grain prices soar [Ryuji Sato]
Ryuuji Sato Profile
Sato Ryuuji. Born in 1968. After graduating from a U.S. university in 1993, he joined Genesis Co., Ltd. (later Oval Next Co., Ltd.), a provider of financial and investment information, after working at a marketing company. He writes analyst reports on macroeconomic analysis, exchange rates, commodities, and stock market topics, and is involved in trading. Since 2010, he founded H-Square Co., Ltd., writing analyst reports and planning/publishing works such as “FOREX NOTE Forex Handbook,” while also serving as a host on investment-related radio programs. He is an individual trader. International Federation of Technical Analysts – Certified Technical Analyst. Main host on Radio Nippon Keizai’s “The Money Onosato’s Market Forecast” (Mondays at 3:00 PM).
Official site：Ryuuji Sato Blog
※This article is a reprint and rewritten version of an article from FX攻略.com, April 2021 issue. Please note that the market information written in the body may differ from the current market.
Corn at Eight-Year High
Recently, Showa Sangyo reported that edible oils such as salad oil and canola oil would be raised in price from March. Nissin Oillio Group will follow suit from April. Also, the National Federation of Agricultural Cooperative Associations (JA Zen-Noh) raised the shipment prices of mixed feed used for livestock such as cattle and pigs for the January–March 2021 quarter for the second consecutive quarter.
Behind these is the sharp rise in grain prices. This time, while looking at the current situation of corn, a leading commodity in grain markets, let’s think about what is happening in the grain markets now.
