Independent Agri Commodity Insights
We recently launched a new service the ‘Global Grain Outlook’, this monthly forecast looks beyond our usual analysis to provide forecasts on key global grains and oilseeds over a longer horizon – request more information In our last GGO we focused on the relationship between UK and EU wheat. Current…
Uninspiring WASDE Has Bulls Wanting More Overall, the February WASDE had a slightly bearish tone for markets. On the face of it, there were increases in Chinese import demands, decreases to US stocks, and tightening EU stocks. However, these factors have been widely known for some time and speculators had…
Our view of the USDA December WASDE Wheat In terms of wheat, the December USDA WASDE has been largely overshadowed by the possibilities of an export tax being placed on Russian wheat later this season. The changes in the December WASDE were largely expected with Australian production increased to 30MT…
USDA WASDE Overview The November USDA WASDE provided support to both grain and oilseed markets. Corn While the majority of the November WASDE changes were expected, there were some key surprises, leading to a rally in US corn futures. Ukraine – Following the unfavourable conditions for maize, private estimate for…
The October USDA WASDE is viewed as the first relatively accurate representation of northern hemisphere grain and oilseed supply, combined with growing confidence in the outlook for the southern hemisphere. Wheat / Barley The October USDA WASDE finally upped Russian wheat production estimates to 83MT, in line with market expectations.…