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Arable Farming
Arable Market Commentary
Corn conditions worsen whilst wheat supplies improve, prices higher.
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<blockquote data-quote="CRM AgriCommodities" data-source="post: 6547771" data-attributes="member: 29580"><p><strong>Cereals</strong></p><ul> <li data-xf-list-type="ul">The corn market helped support wheat today as the USDA condition update showed that crop conditions in the US have worsened falling 3% to 55% Good to Excellent over the past week. </li> <li data-xf-list-type="ul">Wheat concerns in the Southern Hemisphere also helped to elevate wheat prices with Aussie and Argentine conditions of particular interest due to dry weather. </li> <li data-xf-list-type="ul">France's soft wheat crop estimate this year has been raised by the farm ministry to 39.45MT (2nd highest on record), barley was also raised to 13.6MT.</li> <li data-xf-list-type="ul">Maize in France was cut once more to 12.8MT following a the summer heatwave. </li> <li data-xf-list-type="ul">Turkey has provisionally bought 200KT of barley in a tender. </li> <li data-xf-list-type="ul">Markets are now looking towards the USDA's September crop report to be released on Thursday. </li> <li data-xf-list-type="ul"><img src="https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=b2fa54a627&e=25be6ed339" alt="" class="fr-fic fr-dii fr-draggable " style="" /></li> </ul><p><strong>Oilseeds</strong></p><ul> <li data-xf-list-type="ul">Soybean conditions in the US were left unchanged on last week at 55% G/E and in line with analyst estimates. </li> <li data-xf-list-type="ul">FranceAgriMer kept the estimate for the countries OSR crop at 3.5MT (down 29% on last year). </li> <li data-xf-list-type="ul">Brazil is forecast to be dry for the next two weeks, this will likely cause issues from crop development and plantings of soybeans. </li> </ul><p><img src="https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=2180fd9f67&e=25be6ed339" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>It's last orders for our next grain marketing course in London on 25th September. To book your seat at the table click <a href="https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=f6c58450f5&e=25be6ed339" target="_blank">here</a>.</p></blockquote><p></p>
[QUOTE="CRM AgriCommodities, post: 6547771, member: 29580"] [B]Cereals[/B] [LIST] [*]The corn market helped support wheat today as the USDA condition update showed that crop conditions in the US have worsened falling 3% to 55% Good to Excellent over the past week. [*]Wheat concerns in the Southern Hemisphere also helped to elevate wheat prices with Aussie and Argentine conditions of particular interest due to dry weather. [*]France's soft wheat crop estimate this year has been raised by the farm ministry to 39.45MT (2nd highest on record), barley was also raised to 13.6MT. [*]Maize in France was cut once more to 12.8MT following a the summer heatwave. [*]Turkey has provisionally bought 200KT of barley in a tender. [*]Markets are now looking towards the USDA's September crop report to be released on Thursday. [*][IMG]https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=b2fa54a627&e=25be6ed339[/IMG] [/LIST] [B]Oilseeds[/B] [LIST] [*]Soybean conditions in the US were left unchanged on last week at 55% G/E and in line with analyst estimates. [*]FranceAgriMer kept the estimate for the countries OSR crop at 3.5MT (down 29% on last year). [*]Brazil is forecast to be dry for the next two weeks, this will likely cause issues from crop development and plantings of soybeans. [/LIST] [IMG]https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=2180fd9f67&e=25be6ed339[/IMG] It's last orders for our next grain marketing course in London on 25th September. To book your seat at the table click [URL='https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=f6c58450f5&e=25be6ed339']here[/URL]. [/QUOTE]
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Arable Farming
Arable Market Commentary
Corn conditions worsen whilst wheat supplies improve, prices higher.
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