U.S. corn and soybean prices hit multi-year lows in August, continuing a steady decline since May and reaching their lowest levels since August 2020. The price drops can be partly attributed to China increasing its imports of Brazilian soybeans instead of U.S. soybeans, although low global demand is likely a more significant factor. The depressed crop prices will likely become a topic of discussion in the upcoming U.S. election season, as well as in considerations for fertilizer and agricultural chemical demand in the next production seasons.

Global Economies & 2025 Outloook
Despite recent positive economic data and a mostly robust outlook, the overall European economy still faces headwinds into 2025, with persistent core inflation, unsure policy