Key Topics:

• Corn - Brazilian corn prices reluctant to follow US ones lower
• Wheat - EU prices head lower in quest for exports
• Crop Condition & Weather - France’s slow wheat sowings

Global barley is upholding the grain market adage that “small crops get smaller”, as its price buoyancy demonstrates.

Highlights:

• Rapeseed - Prices turn down invitations to shift higher
• Soybeans - Political, and meteorological, climate concerns
• Crop Watch - El Nino update

Key Topics:

• Physical and Delivered Prices
• Analysis of UK plantings estimates
• Rapeseed area decline

Key Topics:

• Corn - Prices bow under weight of export supplies
• Wheat - Argentine, Australian harvests bolster supplies
• Crop Condition & Weather - El Nino update

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

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

As the world’s largest commodity buyer, China’s economy plays a pivotal role in determining the future direction of agricultural prices.

Highlights:

• Rapeseed - Prices find support in vegoil market resilience
• Soybeans - Chinese import orders, Brazil weather support prices
• Crop Watch - Brazil’s planting slowdown

Key Topics:

Corn - Corn hinged on Brazilian supplies
Wheat - Wet weather delays Europe’s plantings
Crop Condition & Weather - Brazilian risks remain

Highlights:
The World Bank this week, while forecasting an average of $81/Bbl for Brent crude in 2024, said that prices could top $150/Bbl if the Israeli-Hamas war escalates into regional conflict.