Stronger US export sales for corn and wheat, firmer soybeans and record US ethanol output are colliding with bigger Canadian crops, Ukraine’s higher export ambitions and intensifying Argentine drought to keep markets finely balanced this week.
Ukraine’s plan for higher grain exports, intensifying Argentine drought and record Russian oilseed meal supplies collide with record US ethanol output and cautious Chinese demand to set a nervy tone on Thursday.
Record-large, high-quality US corn, stubborn Brazilian dryness and a looming surge in Malaysian palm oil stocks are redefining risk across global grain markets this week.
Soy-led strength meets heavy global grain supply as Australia’s bumper crops, Brazil’s weather risks, India’s bold soyoil hedging and Black Sea flows pull the market in different directions.
Bigger Australian crops, Brazil’s weather risks and India’s aggressive soyoil hedging collide with Black Sea supply shifts as grains search for direction.
By Friday, nearby wheat, corn and soybean futures in Chicago had clawed back part of earlier November losses, yet wheat and corn remain lower month-to-date and year-to-date
