Ample supplies of wheat, corn and soybeans

The corona crisis has had a major impact on the demand for commodities. While the grains market has also suffered, the total decline in demand has proven relatively limited. Demand for wheat in particular remained fairly stable due to a significant increase in home consumption and stock building. However, all grain markets saw demand weaken due to Covid-19. For the time being, global supply is sufficient and continues to be high because a swift recovery to pre-covid-19 demand levels cannot be expected anytime soon.