Milling Wheat The Black Sea market is firmer. If Russia’s export surplus is assumed to be 30 MMT for this year, the approximate 13 MMT it has already shipped since the start of the campaign are equivalent to 43 percent of that total. At the current pace, exports will reach 70 percent of the surplus by the end of November. The EU has exported 3.9 MMT to date in this campaign versus 5.8 MMT at the same time last year. The Turkish Grain Board (TMO) purchased 252,000 MT of optional origin wheat at an average price of $232.90/MT CNF for October shipment. The market in Romania and Bulgaria was very quiet last week with no major export trades reported. Farmers have started planting winter wheat under generally favorable conditions.
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What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
