ASX

In today’s session, European wheat prices rose to set fresh contract highs (280 €/ton for December delivery). Wheat prices are supported by a rally in Chicago that has seen the spring wheat contracts in Minneapolis, to surpass 10$/bu. The latest import tender news made additional pressures.The Tunisian tender on this morning, in which the ODC […]

According to the farm office FranceAgriMer, French farmers stepped up harvesting of corn and sowing of winter wheat and barley last week thanks the dry and sunny weather. Indeed, an estimated 32% of corn crop area had been harvested as of Oct. 18. That is up from 15% a week earlier. Harvest progress, however, remained

US farm markets were sharply down yesterday. Corn prices eroded 1.25% lower. Soybean prices had moved down 1.8%, despite plenty of bullish export data from USDA.  All wheat complex also faded, with December Chicago SRW futures that fellmore than 1%. December Kansas City HRW futures dropped around 1,58%. December MGEX spring wheat futures eased 0,45%.

The International Grains Council (IGC) on this morning raised its forecast for the 2021/22 global corn crop, mainly due to an improved outlook for the United States production.In fact, in its monthly update, the inter-governmental body increased its 2021/22 world corn crop outlook by 1 million tonnes to 1.210 billion tonnes.Particularly, the IGC put the U.S. corn