Independent Agri Commodity Insights
Global markets have been following the US story closely and on Friday, the USDA released its acreage report which was probably one of the biggest statistical surprises for grain markets in recent history. Soybeans were underpinned by the USDA acreage report which showed an increase in the US planted area…
The grain rally started in mid-May has for now paused with the 2019 harvest gaining momentum over the next 10 days in the US, Europe and the Black Sea and as such, the ‘usual’ harvest pressure will start materialising sooner than later. Rapeseed has now embarked on a consolation phase…
The rally in price has resumed due to a bullish June WASDE report for maize/corn amid ongoing unfavourable planting weather in the US and a heightened wheat yield risk in Russia. Europe’s rapeseed area is sharply reduced, meanwhile both Canada and Australia, the two largest canola (GM OSR) exporters in…
Weather, weather, weather. This is pretty much what’s going on at the moment across the grain markets with the 2019 harvest just a few weeks away although the first combines have already started cutting barley in Spain. Prices of major oilseeds headed south over the past week as US conditions…
Market operators remain fixated on weather, with too much rain across the US although there has been/is a planting window for some farmers whilst Western Europe & the Black Sea are experiencing hot temperatures and Australia & Canada are still too dry. Soybeans are supporting wider oilseeds prices with planting…