Weekly Grains Outlook

Bulls vs Bears07/04/26

Bullish factors

Bearish factors

Lower-than-expected USDA forecast for US wheat sowings
Energy markets
Geopolitical unrest may yet stoke importer restocking
Weather tests for US wheat, Argentine corn
Rising fertiliser prices lift production costs

Comfortable major exporter wheat stocks
Potential end to Iran war, and to support from energy markets
Middle East unrest threatens major importing region
Corn market pressure from Argentine harvest
Larger-than-expected US corn sowings forecast

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