Miller Magazine Issue: 130 October 2020

54 MILLER / OCtOber 2020 “This year, the grain trade has not been able to build up big long positions of cheap ex-harvest wheat due to the loss of appetite by banks to provide credit. Due to micro and macro factors, banks fell out of love with agriculture this season. Borrowing money for commodity trading has become harder as banks tighten their lending standards. In my view, this will make the market more reactive to the future price moves. This also means, that no matter how sharp price swings are, they allow to capture profit margins to a much lesser extent. Against this background, consistency is the key to success this season.” Counting Chickens Natalja Skuratovic Senior Manager Sales CIS PETKUS Technologie