Price: €11.00
Member Price: €0.00

Grains and oilseeds: the pressure is on

April 14, 2023 at 1:22 PM , Der AUDITOR
Play report as audio

BRUSSELS. While discussions over the grain deal, which is set to expire on 18 May, continue to take centre stage, wheat and corn have come under pressure. The WASDE report has taken soy traders by surprise and the new USDA production estimates for rapeseed are not quite in line with expectations.

Wheat under pressure

Although doubts over yet another extension of the Black Sea Grain deal are being expressed, the large volumes Russia and Ukraine are exporting at the moment are weighing on wheat. Initially brokered between Ukraine, Russia and Turkey and the United Nations in July, the deal was only extended by 60 instead of 120 days in March as Russia is demanding the lifting of some sanctions for exporting food and fertilisers.

Russia, however, exported as much as 4.7 million mt in March and recently won the Egyptian tender over 600,000 mt. Ukraine als

View related articles

Go to the News Overview
Oilseeds
Jul 3, 2025
OTTAWA/ASTANA. Canadian traders expect that the country will start the new season without any significant carry-over stocks. Speculation suggests that prices for new the crops in Russia and Kazakhstan will rise.
Oilseeds
Jul 3, 2025
OTTAWA/BRUSSELS. Rainfall is benefiting the mustard seed crop in Canadian growing regions. However, further rain showers are urgently needed. In the 2024/2025 season, almost 36% less mustard seeds have been imported into the EU so far.
Oilseeds
Jul 2, 2025
SOFIA/DALIAN. The European Commission has significantly lowered its crop forecast for the 2025/2026 season. Market players reckon that this may not be the last time if the current weather conditions persist.
Nuts
Jun 30, 2025
NEW DELHI. Farmers in India are keen to purchase high-quality seeds to sow peanuts. Edible oil is trading lower. Yields have risen sharply in the state of Uttar Pradesh.