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Grains and oilseeds: US-China talks give rise to hope

May 9, 2025 at 11:51 AM , Der AUDITOR
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BRUSSELS. Weather conditions have impacted wheat. First talks between the USA and China have lifted sentiments for corn and soybeans. Canola supplies are very much limited in Canada.

Good weather for wheat

Favourable weather conditions in the EU and Russia are weighing on the wheat market. As Interfax reports the Institute for Agricultural Market Studies (IKAR) has revised its forecast for this year’s wheat crop in Russia upwards to 83.8 million mt, which is up on last year’s 81.6 million mt. Exports are forecast at a higher 41.3 million mt, which is also up on last year’s 40.7 million mt. Although the European Commission has cut the EU wheat production estimate by 200,000 mt to 126.3 million mt, this still marks an 11% rise on

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