Inside Potatoes
The weather is doing it again, futures market rises 12,5%
Where pitch-black scenarios hang over the market and the physical potato market is flat on the ground, the potato futures market revived by 12,5% today.
Would you like to continue reading this article?
Become a subscriber and get instant access
Choose the subscription that suits youThe potato futures market has so far been dominated by the growing month of July and the poor physical potato market. The futures market has fallen back to (a low point) €5,50.
Influence of the weather
This week that seemed to be the bottom for this moment. The futures market started a recovery halfway through this week, which was accelerated today (Friday, July 31) by the fixed weather forecast for the coming week(s).
After a dip, the weather appears to be dry for a longer period next weekend with rising temperatures. Especially during the crucial growth weeks of August. This way the market gains some momentum and turns into a weather market.
Unfortunately, the physical market does nothing and remains unchanged without demand.
