Across all commodities, the drivers are the weather and the prospects for wheat, corn and oilseed harvests later this year. As dry weather continues to dominate the northern hemisphere, new crop markets are gaining support.
Insufficient US Moisture
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Graintab is a trading name of CRM Commodities Ltd (CRM Agri) which delivers independent agricultural commodity market research and advisory services. [www.crmagri.co.uk]
Graintab is a trading name of CRM Commodities Ltd (CRM Agri) which delivers independent agricultural commodity market research and advisory services. [www.crmagri.co.uk]
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- Agricultural Economic Outlook – October 2024
• Trump victory initially weighs on grain markets • US dollar continues to surge • Oil price risk premium provides support - Weekly Oilseed Outlook
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
