London Wheat Report
Global ags markets were red across the board in today’s trade with similar headlines of ‘’global demand and Ukraine ceasefire’’ leading the way to weigh down the markets. The biggest losers today were Wheat and Beans both falling into double digit loses.
Oilseed producers in Argentina have voted to join the national Labour strike next Thursday in opposition to President Javier Milei’s proposed labour reforms.
FranceAgriMer on Tuesday cut its 2025/26 forecast for French wheat exports outside of the block as global supple pressure continues to intensify, leading to less demand for the French crop internationally. High estimates for ongoing harvests in Argentina and Australia have weighed on wheat prices by reinforcing expectations of abundant global supply this season. The reduced forecast was still more than double a century low of 3.5 million tons in 2024/25 following a rain-hit harvest. In contrast, the office increased its outlook for intra-EU soft wheat shipments to 7.39 million tons from 7.05 million previously.
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