Market News

In today’s GMD we look into concerns arising from delayed soyabean planting in Brazil, and at how UK milling wheat premiums are responding to evolving market.

Prices in the oilseed complex have fallen recently as US soyabean harvest pace has picked up. However, high demand as indicated by latest US soyabean export inspection data, could change the direction again.

The last month has shown that despite the big production in 2014, the purely bearish and one directional nature of grain markets is over. This brings the return of uncertainty which can make fixed price buying and selling decisions very difficult.

The latest developments from the grains and oilseeds markets plus prices.

Russia has taken advantage of the weakening of its currency, along with the raise in global grain prices, to re-enter the wheat export market this week. We also put October’s price gains for global grains into perspective.

Coupled with the large wheat and barley crops harvested this year, the 2014/15 season may be characterised as one of quality as well as quantity, thanks to favourable weather conditions.

Strong export demand for US soyameal also offers support to US futures prices as the late but record harvest puts pressure on the transport system. The gains in the US oilseeds market also offers support to Paris rapeseed futures

Global maize harvest progress – delays for the EU and US due to unfavourable conditions A record global maize crop is forecast for 2014/15, with notably large increases in production for the US and EU. However, harvest progress is being delayed by wet we……