Highlights:

· Rapeseed - Futures rally, as heat curtails Canada crop optimism
· Soybeans - Trade fears ease, as US presidential race hots up
· Crop Watch - La Nina’s comeback, Prairies heat and dryness

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

Wheat futures renewed their decline as the USDA in its monthly Wasde crop report lifted its forecast for world stocks of the grain at the close of 2024/25 by 5.0Mt.

Highlights:

• Rapeseed - Crude/Veg oil markets hamper rapeseed price rally
• Soybeans - Weather and funds end rally for soybeans
• Crop Watch—Black Sea weather risks as dryness spreads

Highlights:

• Rapeseed - Fund misstep supports vegoil and rapeseed prices
• Soybeans - Meal undermines soybeans, but La Nina looms
• Crop Watch - Wheat optimism vs growing dryness in Argentina

Highlights:

• Rapeseed - Flagging rapeseed oil market weighs on OSR prices
• Soybeans - Crush margin hits 2024 high, as soyoil, meal recover
• Crop Watch - Dryness tests Russia’s crops, rains dog France’s

Highlights:

• Rapeseed - Flagging rapeseed oil market weighs on OSR prices
• Soybeans - Crush margin hits 2024 high, as soyoil, meal recover
• Crop Watch - Dryness tests Russia’s crops, rains dog France’s

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

Wheat prices dipped on Tuesday, despite the USDA in its monthly Wasde crop report cutting further its forecast for world carryout stocks in 2024/25.