The global arable market report on December 9, 2024

Published 2024년 12월 9일

Tridge summary

The global agricultural market is experiencing fluctuations due to a variety of factors. Short-term market pressures include intense competition from Black Sea region and high exports from the US. However, poor winter crop conditions in the EU and Black Sea region could lead to higher prices in the long-term. Favorable weather in Brazil and Argentina may put downward pressure on prices. Russia is set to increase its wheat export duty due to inflation and potential crop risk. In contrast, Canada and Australia may contribute to lower rapeseed production and prices. Brazil's anticipated large soybean crop and strong US crush volumes and exports support the soybean market. Despite these trends, domestic delivered wheat prices in the UK have fallen.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Source: Ahdb