Market Reports

Modern Slavery and Trafficking Report May 2023   Read More

US soybean markets supported by the prospect that China COVID restrictions are set to ease...Read More Read More

UN / Russia will meet to discuss extension of the Black Sea grain export agreements...Read More Read More

UN brokered talks on the Black Sea export agreement continue. Read More

Argentina – planting progress for corn (maize) seen at its slowest pace for 6 years...Read More Read More

Markets pushed to 3-month highs on Russian / UKR. Aus – wheat, rains / flooding...Read More Read More

Markets firmer this morning as Ukraine/ Russia conflicts escalate and supply concerns over Black Sea...Read More Read More

67% of French maize harvest is reported complete, up from 51% at the same point...Read More Read More

Harvest updated for French maize – significantly lower yield reported (7.9t / ha vs 5...Read More Read More

With Ukraine making territorial advancements in Russian occupied areas, President Zelensky has directly said they...Read More Read More

US corn harvest 20% complete / soybean harvest 22% complete both slightly behind expected pace...Read More Read More

Strategie Grains increased their forecast for this year’s European Union rapeseed crop to 19.46 million...Read More Read More

France – now over halfway through their maize harvest at 51% complete. Dry conditions in...Read More Read More

BAGE – put Arg 22/23 production for soybeans at 48mt – this is 15.5% up...Read More Read More

Planting of winter wheat in Ukraine has so far reached 622k Hectares – circa 16%...Read More Read More

US harvest progress – corn reported 12% complete and soybeans at 8% complete – slightly...Read More Read More

Overnight markets in Asia have been busy pushing £ sterling to new historic lows (1.038...Read More Read More

Latest comments from Putin increasing the stakes in Russia / Ukraine conflict, by calling up...Read More Read More

USDA – greater than expected reduction in both US soybean end stocks and production estimates...Read More Read More

Turbulent day yesterday given the concerns about Black Sea export corridors,  / viability of the...Read More Read More

Comments made by Putin this morning, regarding restricting destinations for Ukraine grain exports, the claim...Read More Read More

US markets were closed for Labour Day national holiday. Read More

EU forecaster Strategie Grains increased their OSR production forecast for current year to 19.15mt up...Read More Read More

Wider concerns for global economic slowdown continue to pressure market values. Read More

Concerns over global economic slowdown continue to pressure markets, although falls limited by corn yield...Read More Read More

1.5mt to date of exports from Ukraine since the resumption of shipments. Markets still have...Read More Read More

EU maize forecast reduced further, from last months 65.8mt to 59.3 million tonnes (7 year...Read More Read More

EU / UK Market following US values higher with concerns over US crop conditions /...Read More Read More

Grain exports from Ukraine continue – the first vessel to arrive in country since Feb...Read More Read More

UK markets focused on harvest and movement of grain in the nearby positions.  Limited farmer...Read More Read More

Hot / dry conditions in the US causing concern for US soybean crops – August...Read More Read More

The first of the trapped bulk vessels has now left the Ukrainian port of Odessa...Read More Read More

US heat / yield concerns still pushing soybean values higher.  UN hopeful that 1st vessel...Read More Read More

US crop weather – Hot and dry conditions seen for US soybeans during critical August...Read More Read More

Markets have firmed on the back of little progress with regard to Ukraine physical exports...Read More Read More

Ukraine / Russia resumption of exports deal pushed markets lower on Friday – whist further...Read More Read More

Turkey again pointing to a deal to be signed Friday between Ukraine and Russia to...Read More Read More

Rain forecast for US, helping to ease market concerns over crop stress / yields particularly...Read More Read More

Nothing firm regarding grain export corridors for Black Seas stocks – although further talks are...Read More Read More

Resumption of talks regarding Black Sea exports this week remains the news the market is...Read More Read More

Wheat harvest progression in France has moved from 14% last week to 50% complete this...Read More Read More

Talks aimed at the resumption of Black Sea exports continue with reported positive momentum –...Read More Read More

EU cereals harvest progress bringing into focus some of the yields particularly in southern Europe...Read More Read More

US funds sold off following their long weekend.  US crop weather improved slightly with rains...Read More Read More

Russia – wheat export forecast by Sovecon for 22/23 raised by 300k tonnes to a...Read More Read More

G7 – discussions of temporary waivers to biofuel blending targets helping push markets lower –...Read More Read More

Markets eased back – largely on sentiment surrounding possible grain export corridors for Ukraine –...Read More Read More

USDA WASDE report released Friday – US soybean end stocks reduced, but US stocks of...Read More Read More

1 point reduction in French wheat quality ratings with 66% reported good / excellent versus...Read More Read More

France – OSR crop forecast at 3.87 mt up 17.8% on last year. Uncertainty still...Read More Read More

Ukraine have ruled out any exports of grain via Belarus to the Baltic which had...Read More Read More

Constructive talks reported between Russian and the UN – regarding humanitarian export corridors / Ukraine...Read More Read More

Any humanitarian export corridors placed in the black sea to allow Ukraine exports constituent on...Read More Read More

Talk of humanitarian corridors in the black sea to allow Ukrainian grain exports helping ease...Read More Read More

International Grains Council on Thursday cut its 2022/23 forecast for world corn (maize) production by...Read More Read More

Global supply chain concerns continue – but wheat markets have pulled back from record highs...Read More Read More

India banned wheat exports over the weekend as hot dry conditions reduced output expectations –...Read More Read More

France – 89% of soft wheat reported in good / excellent condition down from 91%...Read More Read More

Firmer wheat markets on the last couple of days on the back of the weather...Read More Read More

Dry conditions in Brazil – affecting yield potential of the Safrhina (2nd crop) corn.  This...Read More Read More

Stats Canada – forecast for OSR (canola) plantings put at 20.9 million acres down 7%...Read More Read More

Huge jump in Veg oil complex (OSR / SBO etc) following export ban on Palm...Read More Read More

International Grains Council – forecast for global maize production seen down 13 million tonnes for...Read More Read More

China – poor crush margins continue to inhibit soybean purchases – demand reported down 10%...Read More Read More

Argentina – current strike by truck drivers over fuel prices / freight rates since Monday...Read More Read More

China – March soybean import figures reported at 6.35mt tonnes – down 18% year on...Read More Read More

Slight improvement in US wheat conditions reported by USDA – 32% good / excellent up...Read More Read More

France – 92% of soft wheat crops rated good / excellent – unchanged from last...Read More Read More

Poor winter wheat condition due to dry conditions in the US was further supportive to...Read More Read More

US Crop progress US wheat reported 30% good / excellent condition in the first report...Read More Read More

USDA – Plantings US planting intentions for both wheat and corn in 2022 seen lower...Read More Read More

US reported to be considering increasing ethanol blend in fuel to 15% (E15) – in...Read More Read More

Markets fell sharply yesterday with hopes raised for a ceasefire in Ukraine – it remains...Read More Read More

Ukraine has loaded its first export of corn to be shipped by Rail to the...Read More Read More

Wheat supply and disruption to trade flows caused by the ongoing war continue to dominate...Read More Read More

BAGE – forecast for Arg 21/22 corn crop cut to 49 million tonnes down from...Read More Read More

Ukraine – spring planting area could be more than halved to circa 7m hectares due...Read More Read More

Brazil – analyst agrural puts soybean harvest at circa 69% complete, Brazil’s 2021/22 soybean output...Read More Read More

Argentina – increased their annual wheat export quota for 20/23 by 8mt to a total...Read More Read More

Price volatility remains closely linked to the ongoing war in Ukraine, rumours of peace deals...Read More Read More

Area estimates for Ukraine spring planting area –  could fall by circa 39% to circa...Read More Read More

Argentina has halted registration of exports of 21/22 crop – (not yet harvested), this move...Read More Read More

Market volatility continues, dominated by Russia / Ukraine, but we should also be mindful of...Read More Read More

Markets continue to surge as a result of the war between Russia and Ukraine, between...Read More Read More

Market reaction to the Russia / Ukraine situation continues to drive prices.  US CBOT wheat...Read More Read More

Conflict in Ukraine continues to dominate – with its effect on Black Sea agricultural (wheat...Read More Read More

US wheat hit 14 year highs yesterday as market concerns for Black Sea export disruption...Read More Read More

Russia / Ukraine escalation to full scale invasion has resulted in extreme market movements, lead...Read More Read More

Escalating Ukraine / Russia  stoking concerns for Black Sea exports of wheat / corn /...Read More Read More

US markets will be closed today due to Presidents’ Day holiday. Read More

US markets closed yesterday for national holiday. Obviously sentiment dominated by Ukraine / Russia with...Read More Read More

IGC – reduced their forecast for global corn production in 21/22 to 1.203bn tonnes –...Read More Read More

Markets remain focused on both Brazil / South American weather conditions (improving forecast – rain...Read More Read More

Continued concerns over La Niña impact to South American crops.  Further forecast revisions are being...Read More Read More

USDA – Put Brazil soybean production at 134mt down from previous level of 139mt seen...Read More Read More

SOAM weather story continues – underpinning US market values due to concerns over production levels...Read More Read More

SOAM weather still driving soybean meal values.  Analysts are cutting yield projections in response to...Read More Read More

Arg- BAGE reduced their forecast for 21/22 soybean harvest to 43 million tonnes down 1mt...Read More Read More

Analysts continue to downgrade forecasts for Brazil soybean production due to low rainfall levels mainly...Read More Read More

Wheat markets still very focused on the Ukraine / Russia situation. Analyst Strategie Grains increased...Read More Read More

EU – Revision of imported wheat volumes lead EU to increase its wheat stocks estimate...Read More Read More

Analyst Oil World forecasts Brazil’s soybean crop at circa 135 million tonnes down from 138.5...Read More Read More

Overall tight global supplies continue to provide the backdrop to markets at the moment, combined...Read More Read More

Argentina – nearby forecast for Rainfall continues to be good, helping stem further deterioration in...Read More Read More

Final wheat harvest figure for 21/22 Argentina confirmed at 21.8mt – an all time high...Read More Read More

US markets were closed on Monday due to a national holiday – Martin Luther King...Read More Read More

Customs data from China shows annual soybean imports for 2021 were down 3.1% year on...Read More Read More

USDA – increased US domestic soybean production for 2021 harvest – making it the largest...Read More Read More

Brazil – Conab reduced their 21/22 forecast for soybean and corn production: Soybeans seen at...Read More Read More

Brazil / Arg weather continues to support.  Dry conditions in the south bring risk of...Read More Read More

Markets watching developments in Kazakhstan – a key market for Russian wheat and originator for...Read More Read More

Dry weather conditions across Argentina / Southern Brazil, have been supportive to CBOT prices over...Read More Read More

Harvesting of soybean crop in Brazil’s largest producing state – Matto Grosso has commenced –...Read More Read More

Rumoured export restrictions for Ukraine milling wheat in first half of 2022 –  tbc January...Read More Read More

Forecasts for worsening dry weather in South America providing support to US Markets. Pre Christmas...Read More Read More

Coceral put EU soft wheat production for 2022 at 139.8 million tonnes – down from...Read More Read More

USDA Wheat – higher than anticipated global production 21/ 22  (777.89mt from previous 775.28mt)  resulted...Read More Read More

Brazil is expected to export 2.579 million tonnes of soybeans in December, up from 161,024...Read More Read More

Grain markets consolidate following recent price falls, global demand still vulnerable to expansion of Covid...Read More Read More

Global markets have continued to fall on the back of the concerns surrounding the latest...Read More Read More

Australia – ABARES forecast for wheat production raised to 34.4 million tonnes – up circa...Read More Read More

US markets very limited in volume on Friday – due to thanksgiving holiday.  Full trading...Read More Read More

US markets closed for Thanksgiving holiday. Limited liquidity in global markets without direction from US. Read More

Fresh all time highs posted for London wheat futures, but markets closed lower. US markets...Read More Read More

Planting progress for soybeans in Argentina put at 32% – with good weather forecasts for...Read More Read More

CBOT Wheat at 9 year highs, with demand for wheat juxtaposed against dwindling inventories of...Read More Read More

UK – Liffe Wheat hit a new all time high as wheat markets continue to...Read More Read More

IGC wheat production forecast for 21 /22 – Global wheat production reduced by 4 million...Read More Read More

France – wheat exports outside of the EU at their highest level for 7 years. ...Read More Read More

US corn and soybean harvest closing in on completion with progress of both now beyond...Read More Read More

Demand and continued concerns over global supply (Russian export restrictions) supportive to wheat values. Read More

Russia – changes to grain export taxation formula for Feb 22  to June 22 back...Read More Read More

Global stock inventories for corn and soybeans are building with signs that demand (lead by...Read More Read More

French Wheat Futures (Matif) for Dec ’21 pushed through to fresh all time high yesterday...Read More Read More

IGC – Increased 2021/22 world corn (maize) crop outlook by 1 million tonnes to 1.210...Read More Read More

UK wheat markets – limited liquidity, with slow pace of ex farm sales supportive to...Read More Read More

US soybean harvest 60% complete – corn harvest circa 52% complete. Read More

Oil World lead analyst forecasting a decline in global oils prices from recent multi year...Read More Read More

Argentina – plantings for 21/22 corn crop proceeding well with recent rains supporting seed establishment...Read More Read More

Wheat market sell of as traders took profits after USDA report. Australia Canola (OSR) harvest...Read More Read More

China – latest trade figures released show soybean imports for September down 30% on the...Read More Read More

EU Exports for wheat up 45% on last year season to date at 8.1 million...Read More Read More

Dry conditions in Russia are reducing the planting potential for winter wheat. Read More

USDA Quarterly Stocks Report Soybean stocks larger than market estimations leading to profit takin. Worth...Read More Read More

Advancing pace of US harvest putting pressure on CBOT prices for Corn / soybean meal....Read More Read More

UK wheat prices continue to compete on export markets adding support to domestic price levels...Read More Read More

US – Good Weather conditions forecast across the US Midwest will assist harvest progress for...Read More Read More

Forecaster Sovecon raised wheat production forecast for Russia by 200k tonnes to 75.6 million tonnes...Read More Read More

FranceAgriMer raised its projection of French soft wheat exports to other EU member states in...Read More Read More

Stats Canada latest production numbers adding bullish tone to UK OSR values production set at...Read More Read More

US corn ratings lower – at 58% good /excellent with the harvest put a circa...Read More Read More

US market pressure as export delays continue to impact domestic prices. Read More

US Crop ratings – US corn crop down 1point on last week at 59% good...Read More Read More

US markets closed due to labour day national holiday. Australia – ABARES wheat production forecast...Read More Read More

Forecaster strategy grains slightly reduced their forecast for EU OSR output to 16.93mt from previous...Read More Read More

Ukraine exports 2021/22 July-June season to date at  9.14 million tonnes of grain versus 8.04...Read More Read More

US Markets lower as damage impact from Hurricane Ida continues to be assessed – damage...Read More Read More

Stats Canada put wheat production at 22.9mt.  This was below USDA outlook at 24mt and will...Read More Read More

Latest forecast from International Grains Council (IGC) – reduced 21/22 global wheat crop by 6mt...Read More Read More

EU Commission increased forecast wheat production in its 27 member countries in 2021/22 to 127.7...Read More Read More

Continuing hot, dry conditions across the US adding support to corn / soybean markets.   Soybean...Read More Read More

Continuing low water on Argentina Parana River which serves the port of Rosario – is...Read More Read More

France – FranceAgrimer Condition Reports Maize reported 89% good / excellent unchanged on last week...Read More Read More

US weather conditions supportive of CBOT corn / soybeans as heat and dry conditions focus...Read More Read More

Russia – downgrade to wheat crop by 2.3mt to 82.3 million tonnes after lower than...Read More Read More

USDA – crop ratings 65% US corn rated good / excellent up one point from...Read More Read More

UK –  AHDB final planting figures for coming harvest put at 1.74 million hectares of...Read More Read More

Germany  forecast for harvest 21 put at 22.82mt of winter wheat – up 5%yoy. OSR...Read More Read More

Ukraine – Ag ministry increased grains production forecast to a record 75.8 million tonnes up...Read More Read More

French wheat crop ratings unchanged on last week with 79% of soft wheat rated good...Read More Read More

USDA – Acreage report seen as bullish for US markets with lower than expected plantings...Read More Read More

Russian agriculture consultancy IKAR raised its 2021 forecast for wheat production to 83.6 million tonnes...Read More Read More

Strategie grains increased their forecast for EU OSR harvest to 17mt up from 16.82m previously,...Read More Read More

US – decision by the US supreme court made it much easier for small oil...Read More Read More

IGC increased 21/22 forecast for global corn (maize) crop to 1.201 billion tonnes up 7mt...Read More Read More

US markets down – combination of weaker Veg oils complex due to mooted changes to...Read More Read More

EU – German wheat crop forecast to increase by 3.8% year on year to 22.98...Read More Read More

USDA – crop condition reports – corn 68% good / excellent down 4 points on...Read More Read More

Biden administration reported to be considering changes to US Biofuel blending mandates – adding bearish...Read More Read More

USDA End stocks for US 20/21 corn put at an 8 year low of 1.107bn...Read More Read More

France – domestic season end stocks for wheat forecast at 2.7 million tonnes up slightly...Read More Read More

France – first production forecast for 21: Winter rapeseed production was forecast to fall 9.2%...Read More Read More

US Crop Condition – corn put at 72% good / excellent down  4 points on...Read More Read More

Dry conditions in the US supporting markets  with further hot and dry conditions across the...Read More Read More

Dollar strengthens against major currencies as Federal Reserve signal post pandemic stimulus in 2023. Weather...Read More Read More

Argentina – BAGE reported that higher than expected yields are being seen in the late...Read More Read More

US weather back to center stage as markets firm; US Midwest remains critically dry for...Read More Read More

US plantings – 95% corn planted, with soybeans seen at 84% complete, planting progress seen...Read More Read More

Warmer temperatures across the UK over the weekend very welcome to aid the crop development....Read More Read More

IGC increased their forecast for global grains production for 21/22 to a record 2.292 billion...Read More Read More

Good crop weather conditions seen across the US which is adding pressure to markets, but...Read More Read More

EU Crop Monitor MARS increase yield forecast for EU cropping –  soft wheat yield put...Read More Read More

EU crop estimate – Coceral increased EU27 soft wheat production forecast to 130.9 million tonnes...Read More Read More

USDA – corn planting progress put at 80% complete up from 67% last week, soybeans...Read More Read More

US – Mississippi River reopened to barge traffic  – this is one of the key...Read More Read More

US markets seeing post USDA profit taking, although the closure of the Mississippi River due...Read More Read More

USDA  US corn ending stocks slightly above market estimates, helping temper prices – whilst soybean...Read More Read More

US soybean prices through fresh 9 year highs – as concerns over global supplies push...Read More Read More

US corn planting reported at 67% complete – soybeans at 42% complete both well ahead...Read More Read More

France – crop rating for wheat reported at 79% good / excellent, dropping for the...Read More Read More