The global grain market’s continuous pressure is highlighted by the latest analysis from the Agriculture and Horticulture Development Board (AHDB). US maize-planting has favorable weather while Ukrainian grain export resumption continues to impact wheat prices. The EU has stepped in by introducing emergency measures that limit the export of wheat, maize, rapeseed, and sunseed entering Bulgaria, Hungary, Poland, Romania, and Slovakia until June. Although Russian wheat production in 2023 is projected to decrease from 2022, it is still expected to be substantial, while Argentina’s wheat area is expected to increase. However, soya bean prices are under pressure due to factors such as lacklustre Chinese demand and a record crop, which has resulted in reduced Brazilian soya bean port premiums. The market tension is expected to ease soon with the US having good planting progression so far.
“World Grain Markets Under Pressure: Favourable US Weather and Resumed Ukrainian Exports Impact Prices”
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