Wheat Like every other low-production year, the dynamics of Argentina’s FOB market are greatly reduced. On the one hand, there are fewer destinations where Argentina can compete and, on the other, there is less positioning by trading houses. In the current wheat campaign (December and January), Argentina has exported just over 2 MMT, with Brazil as the primary destination and accounting for 1 MMT (50 percent) of that volume. For the rest of the exports, destinations are primarily in Asia (mostly Indonesia) with 27 percent of the volume, Latin American countries (Peru, Mexico, Colombia) with 16 percent, and the remaining volume divided among various African countries. While the exports of 2.1 MMT in the first two months of the campai...
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...
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