March USDA WASDE analysis

Plains wheat prices near two-year high, as US dryness jitters mount

• Lebanon-Israel reportedly agree ceasefire, but Iran-US talks scaled back
• Brent crude returns close to $100/Bbl
• US hard red winter wheat leads buoyant wheat market
• US Plains rains fail to improve growing conditions

Global Forecasts

April Corn Price Forecasts - US market more relaxed than EU over supply prospects

A long term perspective and price forecasts for corn

Global Forecasts

April Wheat Price Forecasts - 'Oversupplied' market squares up to tighter outlook

A long term perspective and price forecasts for wheat

Daily Markets

US rain forecast pressures wheat as other grains prove buoyant

• Donald Trump heralds an ’amazing two days’ in resolving the Iran war
• Brent crude gains nonetheless, amid continued supply worries
• Corn and oilseeds find spillover support
• Wheat markets mixed. Traders keep an eye on US Plains weather

Latest Analysis & Forecasts

Global Crop Watch - El Nino and the risk to Australian wheat & canola sowings

Grain Outlook Video - Geopolitics & Grain - 'The blockade has been blockaded'

Ukraine 2026/27 crop estimates

Weekly Grains Outlook

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Global Crop Watch - El Nino and the risk to Australian wheat & canola sowings

Global weather alerts impacting production potential for major crops

Grain Outlook Video - Geopolitics & Grain - 'The blockade has been blockaded'

Webinars14/04/26

Grain Outlook Video - Geopolitics & Grain - 'The blockade has been blockaded'

Video focusing on grains & geopolitics. What is currently driving prices and where they go next?

Daily Markets14/04/26

Drought fears lift US wheat, oil sags on negotiation hopes

• Crude oil sags on hopes of diplomatic progress to end Middle East tensions
• Brent crude falls back below $100/Bbl, weighing on grains
• Rapeseed retreat below €500/t, tracking vegetable oils lower
• Weak condition rating helps US wheat prices buck negative trend