• Brent crude gains on signs of reviving Iran-US tensions • Adds to support for grains from pre-Wasde positioning • Japan declares El Nino has begun • Wheat prices rise on both sides of the Atlantic
• US winter wheat crop rating deteriorates to record low • US corn, soybean crop rating short of expectations too • Europe faces return of hot weather, with mixed crop impacts • Wheat prices rise in Chicago, London and Paris
• Brent crude soars 5% on Iran-Israel strikes, before retreating • Rapeseed, soyoil retain support in late deals • Return of geopolitics up agenda counters harvest pressure • European wheat prices ease nonetheless, as currencies recover