Report Highlights:

• Wheat - Australia, Argentina, Russia soften prices, for now
• Corn - Demand signs boost chances of late-year price firmness
• Crop condition & weather - Dry Rostov, French wheat sowings

GGO provides a longer term, opinion based outlook for grains and oilseeds markets, complementing our regular insights, S&D and price forecasts

-Grain Price Forecasts (US, EU, UK)
-Grain and Oilseeds Analysis
-Global Balance Sheets
-Prices

UK 2024 wheat crop second smallest this century
Autumn 2024 wetter than 2023 in England
Slow sowings attract premium into wheat prices

Analysis of the USDA's October WASDE report.
Corn
Soybeans
Wheat

Highlights:

• Rapeseed - Vegoils help OSR return near top of trading range
• Soybeans - Tumble in Chinese futures adds to price pressure
• Crop Watch - Australian dryness. Rains slow French corn harvest

Crude oil not the only driver of OSR price recovery
Pound’s weakness adds support to UK grain prices
Corn/ maize demand spurred by competitive prices vs wheat

Report Highlights:

• Wheat - Importers step in, as Iran-Israel fuels geopolitical fears
• Corn - Enhanced demand ideas counter US harvest pressure
• Crop condition & weather - Australia’s dryness, France’s wetness

Key charts and data:

Includes Macro, wheat, corn, rapeseed, soybeans, vegoils, sunflower

Highlights:

• Rapeseed – Crude, vegoil swings enhance rapeseed volatility
• Soybeans – Crush margins shield prices from harvest pressure
• Crop Watch – Dryness in Brazil, Russia and Ukraine

• More than strong pound behind wheat price underperformance
• Why is the milling wheat premium shrinking?
• Oat price tumble examined