| Signup to this report here Weekly Summary of Our Analysis & Forecasts US farmers have reaped a strong harvest this year, just as their forefathers did in 1621, the year from which the country’s Thanksgiving holiday celebrations originate, which have led to quiet markets over recent days. For corn and soybeans, the US in 2024 recorded the second biggest crops on record, with the wheat harvest at an eight-year high too. That is one reason why prices of all three crops are trading below year-ago levels. Nonetheless, there are plenty of other influences being factored into prices, as CRM Agri analyses in its Weekly Grain Outlook which takes into account not only the supply and demand driver, but also the increasingly important geopolitical ones. In the wheat market, for instance, the southern hemisphere harvest is being cited as a cause of the recent softness in prices, with Argentine supplies offered at low prices. For corn and soybean markets, improved conditions for South American sowings are adding pressure. However, political considerations are having a big say in prices too, not least those stemming from the prospect of Donald Trump returning to the White House on 20 January. His promises of widespread tariffs on US imports, and the retaliatory duties on US exports these are likely to cause, stand to have a large impact on grain markets. Interestingly, it is the rapeseed market, one over which the US influence has historically been relatively modest, which has felt some of the largest shockwaves so far, as examined in CRM Agri’s Weekly Oilseed Outlook. As the year draws to a close 2025 looks set to be far from dull, and we will be examining some of these long term factors in our upcoming 2025 outlook which will be released for subscribers in the coming weeks. Interested in learning more about our analysis and subscriptions? Contact us Looking for greater insights and advice on how to manage growing price volatility, get in touch Not yet subscribed? Get in touch |
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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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- Weekly Grain Outlook
Weekly Grain Report Highlights • Wheat - Russia quota sets scene for early-2025 export tightness • Corn - Rapid US corn export pace offers price support—for now • Crop condition & weather - French wheat ratings, Black Sea dryness - Weekly Market Highlights – 29/11/2024
Markets quiet on Thanksgiving holiday
