unitedarabemirates

US farm markets, for most contracts, have seen solid gains during yesterday’s session. Corn rose by 0,65%. Soybeans went home basically unchanged, down only 0,1%. Soybean meal was down 2,11%. Soybean oil gained 1,23%. But was wheat complex to led the charge, as strong demand fundamentals and tightening supplies, spurred another round of technical buying.

According to the European Commission, softwheat exports from the EU in the 2021/22 season that started in July are running in large ahead of the previous season despite some French volumes missing from the total, as they are complete for France only up to July 2021.Indeed, as of Nov. 21, EU soft wheat exports had reached 10.27 million tonnes, up from 9.88 million

NASS reported winter wheat planting at 96% complete in the USA, compared to 94% l. w. and the 5-yr average pace of 97%. The Crop Progress report showed emergence at 86%, compared to 87% on avg. Quality ratings took an unexpected drop.Analysts were expecting to see ratings hold steady from a week ago, but USDA lowered them by 2 points, with 44% now in gd-to-exc. condition.Another 34%

The flooding in British Columbia has washed out the infrastructure (roads and rail lines) that Canada relies on for exports to Asian markets. Exports from the Pacific coast account for one third of Canada’s GDP.  The wheat market is susceptible to shipping delays as Canadian exporters will still export a large portion of the commodity compared to other crops like canola, which will also be supported by domestic crush. The