Wheat Despite drought in Argentina that came during the early phases of the wheat crop, rains appeared during the critical yield-defining periods and boosted yield potential. Consequently, the Buenos Aires Grain Exchange increased its crop estimate from 19.2 to 19.8 MMT for MY 2021/22.
Almost all of Argentina’s agricultural area experienced high temperatures (close to 40°C) in the past few days. The combination of dry soil and high temperatures might have caused the wheat crop to stop filling grain early, which may lower yields. Currently, crop and soil moisture conditions vary between plots and each farmer is analyzing whether yields will be affected. WPI does not expect significant yield reductions but that can only be confi...
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...
