The global arable market report on December 9, 2024

Continued competition from Black Sea origins seems set to continue to weigh on the market in the short-term, despite rises in maize. Longer-term, reports of poorer winter crop conditions in parts of the EU and Black Sea region could support prices. The high level of exports from US and imports by EU and Mexico could provide short-term support. However, favourable weather in Brazil and Argentina could mean some pressure on prices in the long term, along with reduced maize imports from China. Maize could support the barley market in the short term, but follows the more neutral outlook in the longer term due to low demand from importers. Global grain markets were supported last week (Friday-Friday), with Paris milling wheat futures (May-25) up 2.7%. Grain prices fluctuated on supply information from major exporters, geopolitical risk and weather risk for the winter crops, particularly in Russia. Indeed, after reviewing weather forecast reports, there could be potential risks for ...