Wheat markets, particularly in Europe have continued to receive support as concerns over Russian winter sowing progress persist alongside the Russian Ministry of Agriculture lowering export forecast from 37.6Mt to 31.5Mt amid plans for export quotas.
Alongside a supported European wheat market, rapeseed values continue to march higher, with Paris rapeseed Nov-21 breaking above €670/t as global supplies plummet. Read the monthly report for full details.
Weekly US ethanol production bounced from the minimal levels being recorded in the first sign of a recovery in US ethanol production since last August. Stocks of ethanol in the US were also depleted, reaching the lowest level since last June and contributing to a more bullish ethanol-corn demand outlook.
While rapeseed and wheat have continued to push higher, both corn and soybeans have been under pressure recently, look out for US weekly export figures tomorrow.
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The Farming Forum has teamed up with the award winning hardware manufacturer Easy Compute to bring you an educational talk about how AI and blockchain technology is helping farmers to diversify their land.
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