Global decline in wheat and corn prices

Today, in the global markets, the prices of all agricultural crops
fell by almost the same, and only the Canola and rice sectors experienced a
modest rise in prices.

Today corn was reduced by 50 cents, and each bushel was traded at $
371. Wheat prices saw a significant decline of $ 2.25, and each bushel sold for
$ 461.

Oats $ 1.25, edible soybean 40 cents, and oil juice 5 cents with
falling prices.

In the soft-product group, cocoa also dropped by $ 31, coffee fell
by 45 cents, and sugar prices dropped by 8 cents in global markets.

Reducing corn prices in global markets can be a very positive
signal for domestic producers, as Iran needs to import up to 75 percent of its
imports of animal feed and poultry, and global price reductions may trigger a drop
in domestic prices, reducing production costs and the price of red meat within
the can.