January 20, 2025 - Newswires

Grain prices rebounded, ahead a three-day long weekend ...

Good morning, Farmer Family ...

US farm markets rebounded on Friday, ahead a three-day long weekend, in observance of Martin Luther King Jr. Day.

Corn prices rallied 2.05%, reaching a new one-year high.

Soybeans rose 1.47%.

The rest of the soy complex also was in the green as soymeal firmed 0.95%, while soyoil climbed 1.47%.

Wheat prices enjoyed some mild technical buying on spillover support both from corn and bean, thus Chicago SRW added 0.23%, Kansas City HRW inched 0.05% higher, and Minneapolis spring wheat gained 0.34%.

• Corn prices climbed and soybeans rose, as operators ahead a long holiday weekend, lifted their position on both crops, on Argentine weather worries and cautious optimism about U.S.-China trade relations.
• Nearby contracts gained against back months on spreads, reflecting a tighter near-term supply outlook for U.S. corn coupled with expectations of increased plantings for 2025.
• Corn and soybeans extended early gains after U.S. President-elect Donald Trump said he discussed trade with Chinese President Xi Jinping in a phone call, easing fears about trade tensions with the world's biggest soy buyer.
• Wheat prices firmed but trailed the other markets.
• LSEG Commodities Research examined exposed ground on the Plains combined with subzero temperatures coming in the area in a few days and determined that northwest Kansas, eastern Colorado and southern Nebraska have the most risk of seeing some winterkill damage over the weekend, with overnight lows in the negative starting on Sunday into early this week.
• However, wheat has been anchored by sluggish global exports.
• The weekly Export Sales report showed wheat sales in the week of January 9 at 513,424 MT.
• That brought the marketing year total of sales and shipments to 17.705 MMT, 77% of USDA’s projection and lagging the 85% average sales pace.
• Despite a setback this week from two-year highs, the dollar's strength against other major currencies remained a burden on U.S. wheat as it faces competition from cheaper Black Sea and Argentine supplies.
• For corn, data showed 1.024 MMT of 2024/25 corn sold in that week, sending the total commitments for the year to 40.27 MMT, which is now 65% of the full year forecast from USDA, compared to the average sales pace of 61%.
• For soybeans, the report showed 569,142 MT of 2024/25 soybean sales in that week.
• That brought the marketing year total in commitments to 40.891 MMT, which is now 82% of the USDA export forecast, ahead of the 81% average pace for sales.
• However, worries about U.S. trade tensions with China have hung over grain markets since Trump's election.
• Chinese soybean processors have already largely turned to Brazilian cargoes instead of U.S. oilseeds, reflecting cheaper prices for Brazilian soy along with fears that Washington will impose tariffs.

In this context ...

• Corn basis bids trended 4 cents higher at an Ohio elevator and 2 cents lower at a Nebraska processor while holding steady elsewhere across the central U.S..
• Soybean basis bids inched a penny higher at an Ohio elevator while holding steady elsewhere across the central U.S..
• Commodity funds were net buyer in CBOT corn, soybeans, soymeal and soyoil contracts, while they were neutral in wheat.

For the week ...

• Corn prices continued to climb, gaining a nice 2.93% from Friday to Friday.
• Soybeans had a back-and-forth week, as was up just 0.86% since the prior Friday.
• Bean oil was up another 0.24%, while soymeal ended 3.34% lower for the week.
• Wheat posted mixed trade across the three markets, with Chicago SRW the strongest, raising 1.51% on the week.
• Meanwhile, Kansas City HRW posted a 0.59% loss, with Minneapolis spring wheat ending 1.13% weaker from Friday to Friday.

After the sessions close ...

The weekly CFTC Commitment of Traders report showed managed money spec traders in corn futures and options adding 38,882 contracts to their net long position as of January 14.

• That took their net long to 292,228 the largest since May 2022.
• Commercials increased their net short by 52,432 contracts to 540,764 contracts, the most since June 2022.
• For soybeans, the report indicated spec traders in soybean futures and options flipping to a net long of 34,833 contracts as of January 14.
• That was a move of 63,445 contracts in that week and the first net long in over a year.
• Commercials were at a net short of 120,158 contracts, an increase of 66,450 contracts from the week prior.
• For wheat, data indicated spec funds adding 5,756 contracts to their nets short position in Chicago wheat futures and options as of Tuesday to 94,393 contracts.
• In KC wheat, they were at a net short of 37,606 contracts, an increase of 5,748 contracts as of January 14.

This morning ...

Grain markets will be closed, in observance of Martin Luther King Jr. Day, with a normal schedule for Tuesday.

• This is also inauguration day, with President-elect Trump set to be sworn into office.
• The weekly Export Inspections report will be pushed back to a Tuesday afternoon release.
• Due to the holiday, the EIA will release their weekly Petroleum Status Report on Thursday.
• Friday, USDA will release their Export Sales report, with the Cold Storage and Cattle on Feed reports out that night.

Canada

Common wheat deliveries into the handling system during the week ending Jan 12, 2025, were at 711,1k mt, with durum at 181.6k mt as well.

• Canadian wheat exports for shipping weeks 23 came in at 611,1k mt, for a total of 9.321,6k mt YTD.
• Durum wheat exports were at 116,3k mt, for a total of 2.384,5k mt YTD.
• Commercial stocks stood at 2.466,30k mt for common wheat, and at 627.4k mt for durum.

Meantime, Western Canadian cash prices for spring wheat and amber durum were slightly higher during the week ending Jan. 17.

• Average CWRS (13.5%) prices were up C$1.27 to C$6.01 per tonne.
• Those prices ranged from about C$276.37 per tonne in southeastern Saskatchewan to C$307.31 per tonne in southern Alberta.
• Average CPRS (11.5%) wheat picked up C$2.60 to C$3.88 per tonne.
• Bids ranged from C$254.58 per tonne in southeastern Saskatchewan to C$283.7 per tonne in southern Alberta.
• Average CWAD prices lifted C$0.72 to C$2.51 per tonne.
• Bids ranged from C$314.02 per tonne in northeastern Saskatchewan to C$335.61 per tonne in southern Alberta.

South America

Argentina

Weekend rains were expected to give Argentine crops a brief reprieve from stressful conditions before dry weather returns.

• Argentina corn conditions have been getting weak, with the excellent conditions down 3% to 39% according to the Buenos Aires Grains Exchange, with poor conditions up 5% to 14%.
• Soybean conditions have been slipping too, with the excellent conditions down 17% to 32% according to the Buenos Aires Grains Exchange, while poor conditions up 13% to 21%.
• This drop is rekindling ideas that crop conditions have deteriorated from the hot temperatures, and the rain event will only provide a little bit of relief.
• In this context, the Rosario Grain Exchange lowered its forecast for Argentina’s 24/25 corn production from 50-51Mt to 48Mt.
• Uncertainty about crop prospects in the South American country, has supported corn and soy markets so far this month.
• On the other hand, Argentina will likely regain its status as the second-biggest barley exporter as the current harvest wraps up, the Rosario grains exchange said.
• The area sown with the crop expanded and other key exporters expect to ship less.
• Argentina's 2024/25 barley crop is forecast to yield 4.9 million metric tons with exports for the cycle seen reaching 3.4 million tons, according to a report by the exchange.
• Argentine farmland planted with barley this season is forecast at 1.6 million hectares, according to official data, which would mark an increase of nearly 9% compared to the previous season.
• The current crop's expected yield is based on a national production estimate of 3,420 kilograms per hectare, the exchange added.
• The top destination in recent years for Argentine barley, has been neighboring Brazil.
• The Rosario grains exchange highlighted a recent expansion of Brazil's malt-producing capacity, which should bolster its expectation for the growth in exports.
• Meantime, China has been its largest export market for barley used to fatten livestock.

Europe

European grain markets rebounded.

• Notably, benchmark March milling wheat on Paris-based Euronext settled 0.3% higher at 226.75 euros ($233.19) per metric ton.
• The contract was moving away from Thursday's low of 225.25 euros.
• MATIF Mar corn contract was up €1.5/t to €214/t, while Feb rapeseed ended up €4.5/t to €529.75/t.
• Wheat edged up, as strength in Chicago grains helped the European market to recover from a six-week low linked to flagging exports.
• Participants were also adjusting positions before a three-day holiday weekend in the United States and Monday's inauguration of U.S. President-elect Donald Trump.
• However, the wheat market remained compressed by the absence of new export sales to the non-EU countries.
• Port shipments of soft wheat in France have practically stalled.
• As a result, these weak export prospects have hung over the European market.
• Cheaper Black Sea and Argentine supplies were seen best placed to capture limited international demand.
• Ukrainian feed grades was quoted around 230 euros a ton including delivery to north Germany and 239 euros a ton including delivery to north Italy.
• Argentine 11.5% wheat was around $223-$226 a ton FOB.
• While Russian 12.5% protein wheat for January/February shipment was on Friday quoted around $235-$239 a ton free on board (FOB).
• Egypt’s Mostakbal Misr said on Thursday it has signed new wheat supply deals but a lack of details added to confusion over how the new state grains buyer is operating after a report last month that it had booked enough wheat for its requirements until June.
• In France, port data compiled by LSEG confirmed a pickup in barley exports, including two large cargoes for Jordan, a rare vessel for Libya and more loadings for Morocco.
• But wheat loadings remained sparse.
• Meantime, traders continued to monitor an outbreak of foot-and-mouth disease in Germany for potential impact on livestock feed demand.
• The government said a suspected case on Thursday had not been confirmed, meaning there was still a sole outbreak from the week earlier.
• With closing prices up by +1.50 and +4.50 €/t, corn and rapeseed showed more firmness compared with wheat.
• Both markets, indeed, have benefited from the spillover support from US corn and soybean prices.
• The increasing tightness observed in global corn production, also supported prices.
• However, gains in corn were capped by the ample 2024-25 French production.
• Rapeseed, on the other hand, was torn between the tension of the European balance sheet and the volatility of the entire oilseed complex.

North Africa

Egypt has strategic wheat reserves that are sufficient for four months of local consumption, according to a statement by the Egyptian Cabinet issued on Saturday.

• It said the strategic sugar reserves were sufficient for 13.5 months, while vegetable oil reserves were enough for 6.3 months.

Russia

Russia will ban the import and transit of livestock products from the entire EU from January 20.

• Rosselkhoznadzor warned of this scenario on January 14.
• Earlier, that Russia and Belarus banned the supply of livestock products from Germany from January 15, 2025 due to an outbreak of foot-and-mouth disease there.
• In addition, from January 20, Russia will also suspend certification of all animals susceptible to foot-and-mouth disease and all products subject to state veterinary supervision obtained from these animals, transported from the EU to Russia, including the transit of such goods through Russian territory to third countries.
• Having assessed the results of the National Reference Laboratory and the EU Reference Laboratory for Foot-and-Mouth Disease in Germany, the Russian regulator considered the European Commission's measures to restrict the movement of livestock products insufficient.
• Rosselkhoznadzor believes that one of the reasons for the emergence of foot-and-mouth disease was the uncontrolled movement of livestock and livestock products through Ukraine across the territory of the European Union.
• Foot-and-mouth disease was registered in Germany on January 9 for the first time in almost 40 years.
• The disease was discovered in a herd of buffalo near Berlin.
• After that, Germany lost its status as a foot-and-mouth disease-free country, and some countries have already restricted the import of livestock products from there.
• However, according to EU rules, products and animals can continue to move within the union - supplies are prohibited only from a specific region where an outbreak of foot-and-mouth disease occurred.

China

China imported a record 105.03 million metric tons of soybeans in 2024.

• U.S. shipments to China have surged since April and accelerated in the past few months, ahead of the inauguration of President Donald Trump, whose threats of blanket 60% tariffs on all Chinese goods, sparking concerns over disruptions to agriculture trade.
• In December, soybean arrivals from the U.S. were 10.6% higher than a year earlier at 4.25 million tons, with Brazilian imports falling 41.1% to 2.94 million tons, according to data released by the China's General Administration of Customs.
• However, China's soybean imports from the United States dropped 5.7% in 2024 from the previous year.
• Total shipments from the U.S. fell to 22.13 million tons while arrivals from Brazil rose 6.7% to 74.65 million tons.
• As a result, Brazil's soybean market share rose to 71%, while the U.S. share shrank to 21%.
• Imports from smaller supplier Argentina more than doubled to 4.1 million tons in 2024 from 1.95 million tons in 2023.
• The large import volumes last year means China's first-quarter soybean imports are likely to fall to 17.3-18.0 million tons, from 18.58 million tons a year ago, according to analysts.
• Also, Chinese soybean processors have secured nearly all of their cargoes from competitively priced Brazil for first-quarter shipment instead of U.S. oilseeds.
• In addition, weak crush margins and ample domestic inventory levels suggest that Chinese crushers will likely be more cautious in purchasing soybeans.
• Meantime, the phone call between Donald Trump and Chinese President Xi Jinping has caused a wave of massive purchases of funds on corn and soybeans on Friday in Chicago.
• The hypothetical prospect of a negotiation that could avoid a new trade war between China and the United States has directly supported soybean and corn prices.
• As for the other products, China's imports of major agricultural products in December, saw corn imports falling 93.1% 340,000 t, for a total import of 13.64 million t, down 49.7%.
• Wheat imports in December tumbled 74.5% to 150,000 t, for a cumulative import of 11.18 million t, down 7.6% from a year earlier.
• Barley imports were also lower in December, with a monthly import of 770,000 t, down 53.4% from a year earlier, but total imports of 14.24 million t, were up 25.8% from a year earlier.
• Sorghum imports reached 370,000 t in December, up 6.9% from Dec 2023, and cumulative imports were up 66% from a year earlier, after reaching 8.66 million t.

Southeast Asia

Malaysia

Malaysian palm oil price rose, but posted a weekly drop, amid sluggish demand from top buyer India and losses in Dalian vegetable oils.

• Notably, the benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 0.17% by the close.
• Bargain buying after prices have reasonably corrected, supported the market.
• The contract fell to its lowest in more than three months earlier in the session.
• However, it lost 4.51% for the week.
• Palm oil imports by India are set to plunge to a near five-year low in January on negative refining margins.
• Exports of Malaysian palm oil products for Jan. 1-15 are estimated to have fallen between 15.5% and 23.7%, according to cargo surveyors.
• Dalian’s most-active soyoil contract lost 1.17%, while its palm oil contract fell 0.4%.
• Meanwhile, Indonesia is temporarily freezing the distribution of subsidies for mandatory palm oil biodiesel and re-planting programmes due to a reorganisation at its palm oil fund agency.

Australia

As sorghum harvest continues to ramp up in the north, Aussie export business will be closely watched by operators.

• Australia exported 838,715 tonnes of barley and 34,417t of sorghum in November, according to the latest data from the Australian Bureau of Statistics.
• Feed barley exports for November totalled 602,449t, up from 86,405t in October, to reflect new-crop availability from the Australian harvest.
• China on 554,223t was the biggest market by far for November-shipped feed barley.
• China was also the biggest market for malting exports, taking 195,606t of the 236,266t shipped, up from 34,216t exported in total in October.
• China was also the biggest destination by far for sorghum, taking 28,733t of the 34,417t shipped.
• Barley exports rebounded strongly for November.
• With Chinese New Year fast approaching (29th Jan), eyes will be on China to see if any significant export business is done prior to the New Year period.
• Australian shipping stems suggest 600,000-700,000t of exports in December, followed by 1 million tonnes plus in January and 800,000t plus in February.
• Sorghum exports were low for November, with stocks low, but now is expected to increase.
• Stems have been dominated by chickpeas and wheat so far, although they saw significant execution issues and very high freight and execution costs.
• Meantime, good export margins for barley and sorghum make it likely that wheat will lose its place in the export program, favoring them.
• In this context, the end of the week saw WA wheat was off around $5 to $368, with barley a touch firmer to around $330.
• In the east, wheat was largely unchanged, with bids around $345 and barley $305.
• For canola, WA canola values were down $15–$20, with WA bids around $840.
• Canola bids in the east of the country were off $10–$25, to around $792 and there was a $120 spread to GM.

International grain and oilseed tenders & trade

• N.A.

Outside markets ...

Energy markets

Oil prices settled lower, but notched their fourth straight weekly gain.

• Notably, Brent crude futures dipped 0.62%, but gained 1.3% for the week.
• U.S. West Texas Intermediate crude futures lost 1%, having climbed 1.7% for the week.
• The latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions, and pushed up prices early in the week.
• Investors were also assessing the potential implications of President-elect Donald Trump's return to the White House.
• Meantime, money managers raised their net long U.S. crude futures and options positions in the week up to Jan. 14, data from the U.S. Commodity Futures Trading Commission showed on Friday.
• Speculators raised combined futures and options positions in New York and London by 8,038 contracts to 215,193 over that period.
• Expectations for increased demand lent some support to the oil market earlier in the session.
• A blast of Arctic air hit much of the United States with temperatures below freezing for all this week, and is set to drive up heating oil demand and likely impact some production operations.
• Chinese economy, fulfilled the government's ambitions for 5% growth last year.
• However, weighing on oil prices were expectations of a halt in attacks by Yemen's Houthi militia on ships in the Red Sea following a Gaza ceasefire deal.
• The Israeli security cabinet approved the ceasefire deal on Friday.
• Also, China's oil refinery throughput in 2024 fell for the first time in more than two decades, government data showed on Friday.
• Meanwhile, the U.S. oil rig count, an indicator of future output, fell by two to 478 last week, energy services firm Baker Hughes said.

This morning, oil prices fell, as expectations of U.S. President-elect Donald Trump relaxing curbs on Russia's energy sector in exchange for a deal to end the Ukraine war offset concern of supply disruption from harsher sanctions.

• Notably, Brent crude futures dropped 0.35%, by 0739 GMT, while U.S. West Texas Intermediate crude April contract fell 0.27%.
• Easing tension in the Middle East also kept a lid on oil prices.
• Hamas and Israel exchanged hostages and prisoners on Sunday that marked the first day of a ceasefire after 15 months of war.
• Separately, investors are watching out for the impact from a cold snap in Texas and New Mexico which may affect U.S. oil production.

Ocean freight markets

The Baltic Exchange's main sea freight index continued its downward trend, and marked a second straight weekly fall as rates across all segments weakened.

• Notably, the main index slipped 36 points at 987 points, its lowest level since Jan. 9.
• It was down 5.8% for the week.
• The capesize index fell 89 points to a one-week low of 1,393 points and lost 3.8% for the week.
• The panamax index added 1 point to 897 points but registered a second consecutive weekly decline.
• The supramax index fell 18 points to 747 points, its lowest level in 17 months.
• Elsewhere, freight rates for shipments of Russian oil from its western ports to India rose by 25% after the U.S. imposed sanctions on 183 vessels involved in Moscow's energy exports a week ago.

Equity markets

U.S. stock indexes rallied.

• The Dow Jones Industrial Average rose 0.78%, the S&P 500 gained 1.00%, and the Nasdaq Composite gained 1.51%.
• For the week, U.S. stock indexes closed their best week in two months.
• The Dow rose 3.69%, the S&P gained 2.92% and the Nasdaq climbed 2.43%.
• The S&P 500 and Dow Industrials registered their biggest weekly percentage gains since early November and the Nasdaq recorded its best since early December.
• Strength in chip stocks boosted the overall market.
• Also, US economic news was better than expected and bolstered optimism in the economy.
• Dec housing starts rose +15.8% m/m to a 10-month high of 1.499 million.
• Dec building permits fell -0.7% to 1.483 million, but was stronger than expectations.
• Dec manufacturing production rose +0.6% m/m, posting the largest increase in 4 months.
• The International Monetary Fund (IMF) raised its 2025 global GDP forecast to 3.3% from a 3.2% forecast in October, citing stronger US demand.
• The IMF raised its US 2025 GDP forecast to 2.7% from an October estimate of 2.2%.
• World equity markets found support on signs of strength in China's economy, which improves global growth prospects.
• China's Q4 GDP rose +5.4% y/y, posting the fastest pace of expansion in six quarters.
• Also, China's Dec industrial production rose +6.2% y/y, the biggest increase in 8 months.
• Supporting stocks, Chinese President Xi Jinping had a telephone conversation Friday with President-elect Trump, in which Trump said, "The call was a very good one for both China and the U.S.A."
• US stocks also had carryover support from strength in European stocks as the Euro Stoxx 50 rallied to a 24-year high, and closed up +0.18%.
• However, the IMF cut its Eurozone 2025 GDP estimate to 1.0% from an October forecast of 1.2%.
• UK Dec retail sales ex-auto fuel unexpectedly fell -0.6% m/m.
• In China, the Shanghai Composite Index closed up +0.18%.
• Japan's Nikkei Stock 225 fell to a 1-1/2 month low and closed down -0.31%.

This morning, Asian shares advanced.

• Tokyo's Nikkei 225 index climbed 1.2%, Hong Kong’s Hang Seng jumped 1.8%, the Shanghai Composite index edged 0.1% higher, South Korea Kospi, slipped 0.1%, Australia's S&P/ASX 200 rose 0.5%, Taiwan's Taiex picked up 0.5%, India's Sensex surged 0.7%, and Bangkok's SET gained 0.1%.
• China’s central bank kept its key lending rates unchanged.
• Sentiment also was helped by upbeat comments by U.S. and Chinese officials ahead of Trump's inauguration later Monday.
• Pledges by both sides to work to improve relations may have alleviated some concerns.

Currency trading

The dollar index rose, as the dollar recovered from early losses and posted moderate gains.

• The dollar initially moved lower after the 10-year T-note yield fell to a 2-week low.
• Also, a stock rally reduced liquidity demand for the dollar.
• However, US economic news on Dec housing starts and Dec manufacturing production, showed better-than-expected results.
• Also, the IMF raised its 2025 US GDP forecast.
• Meanwhile, hawkish comments from Cleveland Fed President supported the dollar when she said the Fed could be "very patient" on further interest rate cuts.
• Meantime, the EUR/USD fell.
• The euro initially moved higher on hawkish comments from ECB Governing Council member and Bundesbank President Nagel.
• Then, the euro came under pressure after the IMF cut its Eurozone 2025 GDP estimate.
• On the other hand, the USD/JPY rose, with the yen falling from a 4-week high against the dollar and finishing moderately lower.
• The yen came under pressure, on falling Japanese government bond yields that weakened the yen's interest rate differentials after the 10-year JGB bond yield fell to a 1-week low of 1.178%.
• Losses in the yen were limited as the Nikkei reported that a majority of the BOJ's policy board would likely favor a rate hike at the Jan 23-24 policy meeting.
• Also, a fall in the Nikkei Stock Index to a 1-1/2 month low boosted safe-haven demand for the yen.

This morning, the dollar slipped against the Japanese yen, trading at 156.17 yen, down from 156.31 yen. The euro rose to $1.0309 from $1.0281.

Hopes of U.S.-China negotiations lifted the offshore yuan by 0.2% to 7.3220 per dollar, after the currency slipped past 7.36 last week.

Settlement Prices for Key Commodity, Index & Currencies

• Chicago wheat Mar contract was up 1.2c/bu to 538.6c/bu;
• Kansas wheat Mar contract was up 0.2c/bu to 548.4c/bu;
• Minneapolis wheat Mar contract was up 2c/bu to 583.4c/bu;

• MATIF wheat Mar was up €0.75/t to €226.75/t;

• ASX wheat Mar contract was unchanged to A$330/t;
• US DWI Cash (durum wheat index) was unchanged to 652.08c/bu;

• 1CWAD (Canadian durum) avg spot price was up C$1.54 /t to C$321.94/t.

• EDW (EU durum) Mar contract was unchanged to €316.5/t;

• Chicago corn Mar contract was up 9.6/bu to 484.2c/bu;

• MATIF corn Mar was up €1.5/t to €214/t;

• Chicago soybeans Mar was up 15c/bu to 1,034c/bu;
• Winnipeg canola Mar contract was up C$9.2/t to C$616/t;

• MATIF rapeseed Feb was up €4.5/t to €529.75/t;

• Brent crude Mar was down US$0.50/barrel to $80.79;

• WTI crude Mar was down US$0.46/barrel to $77.39;

• BADI (Baltic Dry Index) was down 36 points to 987;

• Dow Jones was up 334,70 points to 43.487,83;
• S&P 500 was up 59.32 points to 5.996,66;
• NASDAQ Composite was up 291,91 points to 19.630,20;
• US dollar index (Mar '25) was up 0.386 points to 109.203;

• AUD/USD weaker at US$0.6187;
• USD/CAD firmer at $1.4481;
• EUR/USD weaker at $1.0267;
• USD/RUB firmer at ?102.4943.

That's all, thank you.

We wish you a nice day.

Author: Sandro F. Puglisi

Source: Me, AAFC, ABARES, Abiove, AHDB, Amis, Argus Media, Baltic Exchange, Buenos Aires Grain Exchange, CFTC, CGC, China AgMin, Clear Grain Exchange, CME, Conab, Copernicus, CWG, ECB, ECMWF, EIA, Euronext, European Commission, Eurostat, FAO, FCI, FED, GASC, GIWA, ICE, IEA, IGC, IKAR, JRC MARS Bulletin, LSEG, MPOB, National Bureau of Statistics of China, ODC, OIAC, RBA, Reuters, Rosario Grain Exchange, Russia AgMin, Russian Grain Union, S&P Global, SovEcon, StatCan, USDA, UA AgMin, and Others ...

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