Growth in the grain and rapeseed markets globally: Waiting for the USDA report

The article provides an overview of the current situation in the agricultural market, with a focus on the pricing of key crops such as rapeseed, wheat, and corn, and the impact of weather conditions and export restrictions on prices. It highlights the influence of oil prices and concerns about potential attacks on Iranian oil infrastructure on rapeseed prices, which are trying to surpass EUR 500 per tonne. The article also notes the sideways trend in the Chicago soybean complex due to a fast American harvest and forecasted improved weather in Brazil. Additionally, it discusses the sideways trend in wheat and corn prices on the Euronext-Paris exchange, attributed to concerns about climatic conditions in major production areas and increased attacks on port infrastructure, particularly in Ukraine. The article emphasizes the anticipation for the USDA report and its potential impact on the market, mentioning reduction in harvest forecasts from Argentina and Australia, and a slow sowing progress in Russia, which could lead to higher wheat prices.