Key Takeaways:
Australia's wheat crop is expected to decline sharply in 2026/27 as dry conditions and high input costs reduce planted area and yield potential. Some Australian farmers are shifting acreage from wheat to barley and canola in response to weather and profitability concerns. Large wheat supplies from Russia, along with ample inventories in China and India, continue to weigh on global wheat prices. More than half of global wheat stocks are held in China and India, limiting the amount of inventory readily available to world markets. The U.S. wheat crop is expected to fall to its lowest level since 2002/03 as drought reduces production in key winter wheat regions. The outlook for Russia's 2026/27 crop may ultimat...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...