Soybeans hit limit down on US/ China trade doubts

• Grain markets spooked by fears for Trump visit to China
• Soybeans aim at biggest dip since 2021 as funds wrongfooted
• Rapeseed slide below €500/t on spillover selling
• Wheat prices fall too, although London loss limited to 0.5%

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Analysis of June USDA WASDE

Wheat prices ease, as enhanced hopes for Black Sea crops offsets a further dent to US expectations

Daily Markets

Wheat prices extend recovery, as Iran-US tensions, El Nino stoke jitters

• 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

Daily Markets

Fall in US wheat rating to record low lifts prices in Chicago and Europe

• 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

Daily Markets

Iran-Israel military strikes reinject geopolitics into grain markets

• 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