May USDA WASDE analysis

Soybeans lead grains lower, as hopes fade of Chinese buying spree

• Signals from Trump visit to Beijing erode hopes for Chinese grain orders
• Soybeans, of which China is the top importer, particularly weighed
• Funds wrong-footed, after buying soy heavily
• Hopes for US Plains rainfall weigh on wheat too

Daily Markets

Wheat markets ease, as Wasde rethink encourages profit-taking

• Brent crude eases, as hopes for Iran peace take small step forward
• Wheat futures weighed by profit-taking, as Wasde data reassessed
• Russian and Canadian crops may have scope for upgrades, some say
• However, market underpinned by dire US harvest outlook

Global Analysis

Global Crop Watch - Prairies sowings make slowest start in more than a decade

Global weather alerts impacting production potential for major crops

Bulls vs Bears

Weekly Oilseeds Outlook - USDA's key May Wasde report previewed

Key Analysis & Sentiment Report
Bullish Drivers - Bearish Drivers - Market Outlook

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2026/27 major exporters' stocks/use

Analysis of May USDA WASDE

Global Crop Watch - Prairies sowings make slowest start in more than a decade

Weekly Oilseeds Outlook - USDA's key May Wasde report previewed

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2026/27 major exporters' stocks/use

USDA forecasts for corn, rapeseed, soybean and wheat inventories, and stocks to use

Daily Markets11/05/26

Wheat markets buoyed by firmer oil, but fund positions in focus

• Brent crude recovers, as Iran-US remain in deadlock over peace terms
• Wheat futures buoyed too. Fund positioning offers scope for buying
• US Plains weather remains mixed for winter wheat crops
• Market braced for key USDA Wasde report on Tuesday