Global markets react calmly to events in Venezuela
Global grain and soy futures edged higher after a weak finish to the holiday-shortened trading week, as financial markets largely shrugged off the controversial U.S. move to remove and capture Venezuelan President Nicolás Maduro. The muted reaction allowed agricultural commodities to find modest support, while oil prices also ticked slightly higher in choppy trading.
Investors closely monitored Asian markets to assess whether developments in Venezuela would trigger a broader sell-off in so-called risky assets, including equities and industrial commodities, and prompt flows into safe havens such as the U.S. dollar. While both the dollar and gold showed signs of strength, Asian equity markets traded near record highs, suggesting limited concern among investors.
U.S. stock index futures also moved higher, reinforcing the view that overall risk appetite remains intact despite geopolitical tensions. This relatively calm response across global financial markets helped stabilize sentiment and supported grain prices as traders looked beyond the situation in Venezuela.
Read also
Morocco expects grain harvest to double following heavy winter rains
Bulgaria to import around 400 thsd tons of Argentine sunflower seeds
Azerbaijan’s wheat imports surge in January
Sunseec prices in Ukraine continue to rise amid farmers' sales restraint
UAE to build major grain complex at Khalifa port
Write to us
Our manager will contact you soon