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2025-09-18 17:21:59
[Global Grain Market: Price Game Amidst a Mixed Bull and Bear Market] ⑴ On Wednesday, UK feed wheat futures (November 25) closed at £167.35/ton, down £0.15/ton, or 0.1%. ⑵ Meanwhile, Chicago wheat futures (December 25) fell 1.1%, while Paris wheat futures rose 0.5%. ⑶ The French Agricultural Agency raised its soft wheat production forecast for 2025/26 to 33.3 million tons, while domestic use and exports are expected to increase to 7.9 million tons. ⑷ Carryover stocks are expected to decline slightly to 3.6 million tons, but remain at historically high levels. ⑸ The Federal Reserve's interest rate cut was in line with market expectations and therefore had no significant impact on grain futures prices. ⑹ The market is focused on the Bank of England's upcoming interest rate decision. Due to the continued stickiness of inflation data, the interest rate is expected to remain unchanged at 4.0%. ⑺ While this move will have a limited impact on global markets, any fluctuations in the pound sterling exchange rate could affect the price relationship between the UK and continental Europe. ⑻ Paris rapeseed futures (November 25) fell €2.50/ton, or 0.5%, to close at €470.75/ton yesterday. ⑼ Winnipeg rapeseed futures (November 25) fell 2.0% after Statistics Canada confirmed this year's harvest forecast of 20 million tons, up from 19.2 million tons last year.
