Markets anticipate February USDA WASDE data release

• Brent crude gains on warning for US ships to steer clear of Iran
• Rapeseed supported too by strength in soyoil market, backed by US-India deal
• Wheat sags in positioning ahead of Tuesday’s USDA Wasde report

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Wasde highlights - Export revisions favour Argentine wheat, US corn

The January USDA wasde, planted area and stocks report is always a key date in the calendar for grain markets, 2026 was no different.

Daily Markets

Black Sea freeze spurs further headway in grain prices

• Commodities retreat overall, led by 12.5% slump in silver
• Grains supported by fears of Black Sea crop damage from extreme cold, funds buying noted
• Rapeseed aims at six-month closing high, buoyed by soybeans and technical support

Daily Markets

Freezing temperatures add risk premium to European wheat prices

• Rapeseed futures rise to two-month high, after breaking above key resistance level
• Supported by gains in soy complex, buoyed by Trump comments on China
• European wheat prices find support from fresh Black Sea cold snap

Daily Markets

Rapeseed prices, buoyed by vegoils, test key resistance level

• Gold and silver recover from steep selldowns, easing commodity market jitters
• Rapeseed supported by firm vegetable oils, after US tax credit move
• Wheat markets undermined by easing concerns of US, Ukraine frost damage