Market Reports

Brazil – cereals trade association Anec forecast corn exports at 32 million tonnes – 1.2... Learn More

USDA – Planting Progress for US Corn 46% complete – up from 17% last week... Learn More

IGC Forecast Global maize production forecast for 21/22 reduced by 1mt to 1.192 bn tonnes... Learn More

Market focus remains on global stocks and weather for crop production, time still remains for... Learn More

Mars – EU Crop Monitoring Service – reduced their soft wheat yield forecast to 5.86t... Learn More

Concerns over grains supply in the midst of strong demand continue to support ag commodities.... Learn More

Markets continue to be well supported by northern hemisphere weather conditions.

Cold US weather causing market concern due to anticipated slow crop germination resulting in firmer... Learn More

Analyst Strategie grains reduced their EU OSR crop forecast from last months 17.05 million tonnes... Learn More

Analyst Strategie grains reduced their EU OSR crop forecast from last months 17.05 million tonnes... Learn More

USDA Acreage report delivered bullish findings with forecasts for US corn and soybean plantings well... Learn More

International Grains Council Forecast Increased global grain production to record 2.287 billion tonnes for 21/22... Learn More

Russia – forecaster IKAR increased their wheat estimate for Russia 2021 to 79.8 million tonnes... Learn More

Vegoil markets continue to draw strength from the US Biden administration mover towards a greener... Learn More

Planting pace of Brazil Safrihna corn crop reported down year on year,  planting is circa... Learn More

Argentina – port workers in the hub port of Rosario planning a 24 hour strike, ... Learn More

Improved weather outlook as rains fall in Argentina leading to fewer supply concerns helping to... Learn More

US markets supported by further sales of corn (maize) to China. USDA reporting further 1.156... Learn More

EU grain trade association Coceral cut their forecast for soft wheat production in EU/UK to... Learn More

FranceAgrimer increased their forecast for soft wheat end-stocks 20/21 by 100k tonnes to 2.7 million... Learn More

Strategie Grains lowered their forecast for EU and UK rapeseed ending stocks this season by... Learn More

South American weather conditions, harvesting delays continue to be supportive to soybean values on CBOT.

Ukraine – comments made by a senior government source indicate that 2021 grains harvest could... Learn More

Continuing wet weather across Brazil is curtailing harvest progress and providing support to CBOT soybean... Learn More

Russia – Consultants, Sovecon, have increased their forecast for wheat exports 20/21 season by 1.2... Learn More

Strong demand continues to be supportive to US soybean markets, with exports from Brazil current... Learn More

France cereals – soft wheat reported to be 87% good / excellent condition with limited... Learn More

Further wet conditions in Brazil continue to support the narrative of delays in soybean harvest,... Learn More

Slow pace of soybean harvest in Brazil starting to cause concern.   Progress so far reported... Learn More

USDA forecast US planting area for 2021 on corn and soybeans put at a record... Learn More

USDA – Anticipated drawdown in corns stocks in US, due to current high vols of... Learn More

Russian govt has confirmed implementation of a formula based grain export tax from June 1st,... Learn More

Further rain forecast in Brazil during Feb likely to continue to slow the pace of... Learn More

Comments by Brazil Ag minister put soybean crop estimate at 133m tonnes and 103m tonnes... Learn More

Argentina logistics on the radar as a truck drivers strike which started in Buenos Aires... Learn More

Brazil – Soybean harvest progress reported at less than 2% complete – slowest pace in... Learn More

Import forecast for EU oilseed rape during current 20/21 increased by 800k tonnes to 6.7... Learn More

Slow commencement to Brazil soybean harvests with wet weather hampering progress – less than 1%... Learn More

Russia has now formally confirmed the wheat export taxation increase as expected at 50 Eur/tonne... Learn More

Funds continue sell off of corn / soybeans on profit taking and improved forecasts. Sovecon... Learn More

Rainfall in South America continues to help ease market pressure on CBOT beans / corn.

Rainfall in South America (Brazil) helping ease soybean markets as its supportive to yield levels.... Learn More

Ukraine proposing a “sectoral agreement” to export a maximum of 22 million tonnes of corn... Learn More

Russian export tax increase to 50 Euros per tonne for grains supportive to markets.

International Grains Council (IGC) have reduced their global grain production forecast for 20/21 production by... Learn More

Argentina govt have now removed 30k tonnes daily export cap for corn following opposition and... Learn More

Firm market response to perceived bullish USDA report with US stocks for corn, soybeans and... Learn More

Russia reported to be considering an increase in the grain export tax ($30) due to... Learn More

Argentina – lift their recently imposed corn export ban after pressure from domestic producers and... Learn More

US corn / soybeans continue to be of interest for fund buyers due to ongoing... Learn More

Further strikes in Arg as farmers protest about the suspension of corn exports.  Grain export... Learn More

Soybean harvest commenced in Brazil’s largest producing state of Mato Grosso, with expectations for lower... Learn More

  • Typically markets have limited liquidity between Christmas and New Year therefore may be... Learn More

£ Firmer on EU trade deal news – little reaction in Ag markets so far... Learn More

Arg dispute continues, but markets seeing some profit taking prior to Christmas break which is... Learn More

Arg grain inspector / oilseed workers strike enters its second week with exports now very... Learn More

Wheat markets firmer due to the Russian export restrictions due for implementation in Feb ’21.... Learn More

Argentina – Oilseed workers currently on strike due to wage dispute with employers – this... Learn More

Confirmation of Russian tax/export curbs with a 25 Euro pt export tax to be applied... Learn More

Russian proposal for $30 export tax on wheat (Feb21 to June21) in order to slow... Learn More

UK physical market remain quite slow with limited participation and fresh origination from farms.

Strategie Grains forecast UK / EU OSR production to be 18.2 million tonnes 21 /22... Learn More

Brazil soybeans – further rain forecast, which helps keep some pressure on markets, following the... Learn More

Results of the latest tender for wheat by Egypt saw purchases made from Black Sea... Learn More

ABARES forecast for Australian wheat production put at 31.17 million tonnes (20/21).  This was increased... Learn More

UK Planting Survey Data (Andersons / AICC) • UK wheat plantings estimated at 1.815 million... Learn More

• US markets closed for Thanksgiving holiday. • IGC reduced their global corn crop forecast... Learn More

Ukraine government sources putting 2020 harvest total at circa 65 million tonnes (of which wheat... Learn More

Consultancy SovEcon increased their forecast for 20/21 wheat exports by 1 million tonnes to 40.8... Learn More

US reporting 43% of planted wheat crop in good / excellent condition as crops establish... Learn More

Main market drivers continue to be Chinese demand lead purchasing of US soybeans / corn,... Learn More

Planting program for French soft wheat estimated at 95% complete up from 88% last week.... Learn More

Arg / Brazil – Some rainfall seen helping to ease weather stress to crops. Chinese... Learn More

Chinese demand continues to support markets (purchased just under 750k tonnes of US soybeans over... Learn More

Argentina wheat harvest forecast at 16.7 million tonnes – slightly below previous estimates of 17mt... Learn More

Russia proposed export quota for grain put at 15 million tonnes for the period 15th... Learn More

USDA – lowered US end stocks of soybeans to a 7 year low, pushing prices... Learn More

China – October Soybean Imports reported at 8.69 million tonnes – up 41% year on... Learn More

France – reporting wheat planting at 76% complete up from 66% last week. Dry weather... Learn More

US corn harvest put at 82% complete and soybeans reported at 87% harvested. Winter wheat... Learn More

Argentina comments by the foreign ministry indicate Chinese interest in increase purchases over the coming... Learn More

BAGE made further reductions in Argentina wheat forecast – latest figures put the wheat for... Learn More

Ukraine planting reported complete on 76% of the forecasted areas (6.2 million ha) 4.6million ha... Learn More

AHDB – estimate for UK wheat plantings seen at 1.8 million hectares (1.415m last year). ... Learn More

US Harvest Progress US corn 41% complete US soybeans 61% complete Winter wheat 68% planted

FranceAgrimer reduced their forecast for 2020 Maize harvest from 14.1 mt to 13.5 million tonnes... Learn More

Russia increased its exportable surplus of wheat to 50 million tonnes for the year July... Learn More

US Harvest Progression • Soybeans reported 38% complete – slightly ahead of expectations and will... Learn More

Brazil soybeans – very slow pace of planting in the largest production state of Mato... Learn More

Strategie Grains – EU & UK OSR production put at 17.09 million tonnes – up... Learn More

FranceAgrimer – Maize crop rating put at 61% good / excellent down 1 point on... Learn More

Chinese purchases of US soybeans continue to add support to US markets – with a... Learn More

Sentiment regarding Chinese corn imports firming as analysts predict 20/21 crop year will see China... Learn More

French wheat crops reported 56% good / excellent unchanged week on week.  Soil moisture conditions... Learn More

Australian wheat production estimate increased by 5 million tonnes for year ending June 21,  ABARES... Learn More

US Crops – 75% US corn reported good / excellent up 1 point on last... Learn More

Rumoured China purchases of US beans continue to support CBOT prices which are close to... Learn More

UK crops benefiting from a good soak with widespread rainfall. French wheat crop condition unchaned... Learn More

Ukraine – ProAgro crop consultant increased their forecast for wheat harvest to 26.65 million tonneus... Learn More

Markets confusion – Chinese rehetoric on ceasing US purchases of corn / soybeans not matching... Learn More

Crop forecaster Strategie Grains revised their forecast for EU OSR production down to 16.68 million... Learn More

IGC raised their global wheat production forecast for 20/21 by 12 million tonnes to 2.23bn... Learn More

UK concerns over crop stress on wheat as dry conditions predominate, pushing the new crop... Learn More

USDA – US corn planting progress reported at 88% complete, soybeans at 65% complete – ... Learn More

Markets closed bank holiday Monday UK  / Memorial day in the US. Ukraine has now... Learn More

Russia’s IKAR agriculture consultance cut its forecast for Russia’s 2020 wheat crop to 76.2 million... Learn More

Amendments to Russian crop forecasts adding value to wheat markets – Russia have forecasted 120mt... Learn More

China / Australia trade spat escalates with China hitting Aussie barley exports with an 80.5%... Learn More

US market direction still awaiting fresh moves by China which is expected to begin purchasing... Learn More

Germany – reduced winter wheat plantings by 7% year on year to 2.84 million ha. ... Learn More

China rhetoric still indicating their commitment to US / China phase one trade deal despite... Learn More

USDA –  increased supply of US Grains whilst lowering demand due in part to C19... Learn More

US soybean planting reported 38% complete – slightly behind expected pace.  With corn planting reported... Learn More

EU has increased its maize import tariff to €10.4 per tonne from the previous €5.27... Learn More

US Planting Progress 51% of Corn reported planted, up from 27% last week.  For soybeans... Learn More

Escalation of trade tensions between China and US over C19 as Trump threatened a new... Learn More

Chinese purchases of 300k tonnes US soybeans reported by USDA,  but worth noting there is... Learn More

Arg harvest has been halted due to rains.  Around half the soybean crop has already... Learn More

US planting – corn 27% complete and soybeans 8% complete. EU crop monitoring service MARS... Learn More

EU has implemented import duty on US maize / rye and sorghum.  Maize prices have... Learn More

Rumoured Chinese interest in US markets helping support CBOT prices.

China launches purchases of US soybeans as prices hit 11 month lows – press reports... Learn More

Harvest progression in Argentina is being assisted with dry conditions, however, low water levels in... Learn More

US Crude suffering extreme technical pressure putting spot prices negative for the first time in... Learn More

Concerns over export restrictions in Black Sea origins (Russia / Ukr)  adding support to US... Learn More

Argentina – soybean harvest progress reported at 37.8% complete – with an average yield of... Learn More

Ukraine has stated it is ready to restrict exports if sales exceed current planned limits.  ... Learn More

EU soybean imports 19/20 season reported at 11.27 million tonnes by 12th Apr  3% down... Learn More

UK farmers remain largely pre-occupied with land and spray work resulting in relatively low levels... Learn More

US crop progress 56% wheat rated good / excellent; Corn crop planting progress analyst estimates... Learn More

Falling fuel consumption adding bearish pressure to CBOT corn as demand for corn based ethanol... Learn More

Russia plans to release circa 80% of their grain stockpiles (around 1.5 million tonnes) into... Learn More

USDA annual prospective plantings report put intentions for US corn plantings at 96.99 million acres... Learn More

Falling global ethanol production in response to the imploding crude oil prices is putting more... Learn More

Strategie Grains lowered its forecast for this year’s EU rapeseed harvest to 17.59 million tonnes... Learn More

International Grains Council (IGC) forecast record production for 20/21 total grains seen at 2.22 billion... Learn More

UK domestic markets little change with farmers fully occupied with land work – and little... Learn More

China made purchases of US soybeans last week, albeit a modest 110k tonnes, but combined... Learn More

Sterling has recovered some lost ground following further interest rate cut. Commodity markets continue to... Learn More

Dollar strength continues to impact prices from a UK perspective. UK markets seeing a slow... Learn More

2 week shutdown of Malaysian Palm oil plantations owing to coronavirus restrictions in the country... Learn More

Market volatility continues due to virus concerns impacting global trade, currency and equities. Confusion over... Learn More

Chinese market for soybean meal has rallied – but mainly due to Coronavirus linked supply... Learn More

Global fall out across all markets continues to add pressure to Ag commodities.

BCR – estimate for Argentina soybean production reduced to 51.5 million tonnes down from previous... Learn More

19/20 exports of wheat from EU 27 reached 21.22 million tonnes by March  – well... Learn More

China soybean imports for Jan / Feb 20  were up 14.2% to 13.51 million tonnes... Learn More

Increases in the Arg Tax regime added support to US prices on the hopes of... Learn More

Arg export taxes for soybean, soybean oil and soybean meal moved as expected from 30%... Learn More

Ukraine Grain Traders Union issued a forecast for 2020 wheat production down 500k tonnes to... Learn More

Strategie Grains has reduced its forecast for this year’s European Union rapeseed harvest to 17.85... Learn More

Coronavirus pandemic concerns continue to add pressure to Ag markets. Registration of Arg exports currently... Learn More

Concerns over the spread of COVID-19 Virus are adding bearish pressure to global commodity prices.... Learn More

USDA planting intentions – USA Farmers will plant 94.0 million acres of corn during spring,... Learn More

Paraguay harvest of soybeans complete over 50% of the planted area- forecast production possible at... Learn More

Agrural increased their forecast for Brazilian HPS production for 19/20 to 125.6 million tonnes up... Learn More

US markets will be closed Monday 17th Feb for Presidents Day Holiday.

US weekly soybean shipments to China have fallen to a new 10 month low as... Learn More

FranceAgrimer left their estimate for French soft wheat stocks at the end of season virtually... Learn More

UK wheat exports up during December 19 – total exported reached 96k tonnes for the... Learn More

France’s farm ministry has reduced its estimate of the country’s 2020 winter soft wheat area... Learn More

US soybean markets firming marginally, as China continues to add assurances that they will uphold... Learn More

China making a slight reduction in tariffs on US soybeans showing its commitment to phase... Learn More

FC Stone increased their forecast for Brazil soybean production by 1.9% to 124 million tonnes. ... Learn More

Russian Ag ministry forecast 2020 grain crop at 125.3 million tonnes – up from 120.7... Learn More

UK looking for weather break to allow land to dry and more area to be... Learn More

Brazil soybean harvest progress put at 4.2%  – behind last years pace, current output estimated... Learn More

Export prices for Russian wheat hit their highest point since Feb 19. Notably still no... Learn More

Ongoing strikes in France causing logistical issues at French ports, also delaying interior transportation of... Learn More

Note US markets closed on Monday 20th Jan –  US National holiday – Martin Luther... Learn More

Note US markets closed on Monday 20th Jan –  US National holiday – Martin Luther... Learn More

US / China phase 1 trade agreement due to be signed Weds 15th Jan. Russia... Learn More

UK export data:  cumulative wheat exports for the 2019/20 season, which started on July 1,... Learn More

No significant surprises from the USDA on Friday – global corn (maize) and wheat markets... Learn More

Views on US / China trade deal continue and looks less likely that US exports... Learn More

Plans to increase blended ethanol content in petrol to circa 10% have been cancelled by... Learn More

French grain exports outside the EU were reported at 1m tonnes in November – this... Learn More

Oils continue to firm as US / Iran tension continues to unsettle market sentiment. USDA... Learn More

US markets supported by US / China phase 1 of the trade deal, due to... Learn More

Markets in pre-holiday mode – limited trade / liquidity,   Traders generally seek to square their... Learn More

EU wheat crop estimate for 9/20 raised to 147.2 million tonnes up 14.5% on last... Learn More

China received further tarrif waivers on US soybeans which has facilitated further buying by China... Learn More

UK wheat markets experiencing a fall in physical liquidity, farmers very limited engagement as sellers,... Learn More

As expected new goverment in Argentina has raised export taxes – soy beans, soy oil... Learn More

Vicentin a large Argentina based soybean crusher is trying to refinance debts of circa $350M. ... Learn More

US soybean markets firmer on US / China trade deal and the improvement in sentiment... Learn More

Plantings of wheat in Russia have established well and are rated in better condition than... Learn More

US markets closed – Thanksgiving holiday. French wheat planting reported 80% complete but crop rating... Learn More

US markets will be closed today 28th Nov – Thanksgiving Holiday.

Brazil soybeans reported planting at 77% complete – albeit at a slower pace than the... Learn More

IGC forecast that global wheat area will rise by 1% in the 20 / 21... Learn More

Little change to wheat market fundamentals; slightly lower markets, create less attractive conditions to UK... Learn More

Weather break in the UK allowing farmers in lighter soil areas to put in some... Learn More

US corn harvest report at 76% complete by USDA, with soybean harvest edging towards completion... Learn More

Continued weather issues for UK farmers as they struggle to plant, maintains support for UK... Learn More

Agroconsult forecast a fall in Brazil soybean exports to China if a trade deal is... Learn More

Abiove the Brazil soybean trade association has opposed any lifting of the Soy moratoriaum on... Learn More

USDA US Soybeans put at 3.55 billion bushels based on a yield of 46.9 Bpa;... Learn More

China and the United States have agreed to cancel in phases the tariffs imposed during... Learn More

Slow pace of UK planting for winter wheat as wet soil conditions hamper field work,... Learn More