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Weekly Grains Outlook

Bulls vs Bears26/05/26

 

Bullish factors Bearish factors

 

  • USDA forecasts US wheat harvest at 54-year low
  • Strong biofuel demand
  • Energy market support
  • Rising fertiliser prices lift production costs, threaten sowings
  • Comfortable end-2025/26 major exporter wheat stocks
  • Potential end to Iran war, and to support from energy markets
  • May rains stabilise European crop
  • Seasonal pressure from Argentine, Brazilian corn harvests, start of northern hemisphere wheat harvest

 

 

Wheat opinion

USwinterwheatindrought 26.05.26
Rising US wheat prices trigger imports from cheaper origin Europe

 

 

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