Yesterday, wheat futures in Chicago remained stable, while corn, soybean, and soyoil futures increased, and soymeal futures declined. In Paris, the overall trend was mostly positive, with corn and rapeseed futures rising.
Yesterday, the Chicago Board of Trade was closed due to a public holiday in the U.S. In Paris, wheat futures declined, corn futures remained stable, and rapeseed futures increased.
According to Oil World data, Malaysia’s palm oil exports reached a four-year high in 2024 at 16.9 million tons, an increase of 1.8 million tons from the previous year.
Over the past week, wheat, corn, and soyoil futures in Chicago increased. The price of the current soybean crop also rose, while the price of the new soybean crop declined, and soymeal prices fell. In Paris, wheat and rapeseed futures decreased, the March corn contract rose, while the subsequent contracts declined.
Strategie Grains has raised its forecast for the 2025/26 EU soft wheat production to 127.2 million tons (from 126.6 million tons in the previous estimate), which is significantly higher than the 2024/25 figure.
