Soy-led strength meets heavy global grain supply as Australia’s bumper crops, Brazil’s weather risks, India’s bold soyoil hedging and Black Sea flows pull the market in different directions.
Bigger Australian crops, Brazil’s weather risks and India’s aggressive soyoil hedging collide with Black Sea supply shifts as grains search for direction.
By Friday, nearby wheat, corn and soybean futures in Chicago had clawed back part of earlier November losses, yet wheat and corn remain lower month-to-date and year-to-date
Turkey returns to Russian wheat, Brazil and Argentina target record harvests, while China flags Brazilian soy and weather risks build from the Black Sea to South America
China’s renewed appetite for US soy, record Russian grain selling and rising South American weather risks pull global grain markets in opposite directions.
