• Trump victory initially weighs on grain markets
• US dollar continues to surge
• Oil price risk premium provides support

Highlights:

• Rapeseed - Prices extend rally, but headwinds mount
• Soybeans - Strong demand for US soybeans—for now, at least
• Crop Watch - Weather helps French, South American sowings

Report Highlights:

• Wheat - Funds selldown wheat, despite tight supply outlook
• Corn - Futures attract more support than export prices
• Crop condition & weather - South American and French sowings

GGO provides a longer term, opinion based outlook for grains and oilseeds markets, complementing our regular insights, S&D and price forecasts

-Grain Price Forecasts (US, EU, UK)
-Grain and Oilseeds Analysis
-Global Balance Sheets
-Prices

Analysis of European oil and diesel markets

European crushers experience higher crushing margins, despite rapeseed prices

Highlights:

• Rapeseed - Election fallout enhances volatility at two-year highs
• Soybeans - Market defies pre-election caution, but uncertainties remain
• Crop Watch - US wheat condition, Black Sea rains prove fleeting

Report Highlights:

• Wheat - Black Sea woes counter seasonal, weather pressures
• Corn - Market absorbs pre-election nerves and Brazil export dip
• Crop condition & weather - US winter wheat, Black Sea dryness

'The 17.5Mt at which the USDA forecasts world barley inventories
closing the season would be the lowest in tonnage terms, and when
compared with use, in 41 years. '

Highlights:

• Rapeseed - Prices retain support, as vegoils defy sagging crude
• Soybeans - Politics, as well as weather, weighs on the market
• Crop Watch - Brazilian soybean sowings, Europe’s wet autumn