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CRM Agri in the press

06/02/26

Wasde preview - market expectations ahead of the February USDA report

USDA forecasts for wheat stocks in the US and worldwide, will be under the market microscope in Tuesday’s benchmark report. This preview also looks at expectations for corn, soybeans and rapeseed.

Preview of market expectation ahead of the February USDA WASDE report, covering wheat, corn, soybeans & rapeseed.

04/02/26

Bloomberg - Soy Futures Fall Most in Three Weeks as US Dollar Consolidates

Bloomberg - Soy Futures Fall Most in Three Weeks as US Dollar Consolidates

By Ben Westcott and Pyotr Kozlov

(Bloomberg) -- Soybeans dropped dropped the most in threeweeks while grains futures also fell, as a stronger US dollardampened demand for American agricultural exports.

Contracts for March delivery fell as much as 1.2%, theirsharpest drop since January 12; wheat and corn also gave up muchof last week’s gains.

The declines came after the US dollar tracked slightly higheron Monday, consolidating upward momentum after President DonaldTrump named Kevin Warsh as his pick for Federal Reserve chair.Warsh aligned himself with Trump in 2025 by arguing publicly forlower rates, going against his reputation as an inflation hawk.

Volatility in precious metals is spilling into other markets,including grains, both through broader risk sentiment and margincalls pushing investors to rebalance, said Mike Verdin, aconsultant at CRM AgriCommoditites.

“At the same time, weather fears have eased somewhat, withrain helping Argentine corn and soybeans and earlier freezeconcerns in the Black Sea and the US fading for now,” MikeVerdin added.

09/01/26

USDA data preview - wheat sowings for 2026 forecast at one of lowest on record

Monday is one of the biggest days of the year for USDA reports, including the monthly Wasde and US winter wheat area data

09/12/25

Wheat - Prices withstand crop upgrades—but Wasde looms

A turn sideways in the wheat price trend has come despite some notable increases to supply expectations

02/12/25

Wheat - Currency and Argentina stoke EU price underperformance

Currency is key to a divergence between US and European prices. The dollar has shed nearly 1.0% over the past week against both the euro and sterling

25/11/25

Wheat - Prices weighed by expanding Argentine crop estimates

Wheat prices have eased, sliding in London below the much-watched £175/t mark, basis May-26, and in Paris below €190/t for December-25. Hopes for Ukraine peace are adding to supply pressures

21/11/25

Wheat - Prices hold above lows, despite extensive crop upgrades

Our underlying price forecast suggests scope for continued seasonal support, although production ideas have improved, limiting scope for more significant upside, while geopolitical risks are ever-present

12/11/25

Wheat - Rally runs into headwinds from China, Argentina and farm sale

The wheat market factor which headlines have blamed most for the market sell-off is the news that China apparently bought only 120Kt of US wheat following the meeting between presidents Trump and Xi

04/11/25

Wheat - Price recovery, spurred by China, faces Russian resistance

Wheat prices have on both sides of the Atlantic held on to recent gains, making October 2025’s strongest month in Chicago, London and Paris. Will Chinese imports rise to add support?

28/10/25

Wheat - Geopolitics revives markets from 5-year lows

Wheat prices have rebounded across Chicago, London, and Paris as premium returns. Supporting factors include improved US–China trade sentiment, renewed Russia-Ukraine tensions, and higher oil prices from US sanctions on Russian firms are lifting global values.

21/10/25

Wheat - Looming southern hemisphere harvest weighs on prices

Argentina and Australia are set for strong harvests, expected near 22Mt and 35Mt respectively, likely adding short-term supply pressure.

Argentina and Australia are set for strong harvests, expected near 22Mt and 35Mt respectively, likely adding short-term supply pressure.

19/09/25

Reuters - EU wheat holds firm with Chicago, despite euro surge

Reuters - EU wheat holds firm with Chicago, despite euro surge - "Ideas of a recovery in Russian shipments are overshadowed by a firmer rouble than a year ago ... and by a rebuild in the export tax," consultancy CRM Agri said.

"Ideas of a recovery in Russian shipments are overshadowed by a firmer rouble than a year ago ... and by a rebuild in the export tax," consultancy CRM Agri said.

17/09/25

The Economist - How grain has gone from famine to feast

In fact, Mr Trump’s policies may well be dampening near-term prices. Wary of presidential surprises, American farmers are “front-loading” their exports, which is “more something you see in Russia”, notes Mike Verdin of CRM AgriCommodities, a consultancy. Uncertainty and high interest rates have also pushed investment funds away from commodities and into other assets. Those that remain are betting grain prices will fall. Having hit a record in May, net short positions on Chicago wheat contracts remain high.

Read the article

American farmers are “front-loading” their exports, which is “more something you see in Russia”, notes Mike Verdin of CRM AgriCommodities

05/09/25

Bloomberg - Wheat Falls as Strong Global Supply Prospects Weigh on Market

Bloomberg - Wheat Falls as Strong Global Supply Prospects Weigh on Market - ’’Wheat export prices in Russia have dropped about $10/t FOB basis over the past week’’ James Bolesworth, managing director at UK...

15/08/25

Bloomberg - China escalate Canada trade spat with more canola levies

Bloomberg - China escalate Canada trade spat with more canola levies - Mike Verdin, a consultant at CRM AgriCommodities, said it is unusual for the top importer of oilseeds to court trade friction with a second of the largest exporters.

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