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2025-10-30 18:41:25
[Dollar Ignores Rate Cut, UK Wheat Plunges, Ukrainian Oilseed Production Cuts Ignite Rapeseed Prices] ⑴ Institutional quotes show that on Wednesday, UK Nov-25 feed wheat futures closed down 1.6% at £161.45/ton, while the May-26 contract only slightly declined by 0.1% to £177.95/ton, highlighting the resilience of the longer-term contracts. ⑵ Although the Federal Reserve cut interest rates by 25 basis points, the dollar did not fall due to optimism surrounding Sino-US dialogue, causing US wheat and UK grains to lose exchange rate support. ⑶ Paris May-26 rapeseed futures bucked the trend, rising 0.4% to €479/ton, while Winnipeg rapeseed rose 0.2% during the same period, and US soybean meal fell 0.1%, showing a clear divergence in strength and weakness. ⑷ The Ukrainian Vegetable Oil Association estimates that this year's sunflower seed production will fall from 12 million tons last year to 10.5 million tons, soybean production will plummet by 21% to 5.2 million tons, and rapeseed production will also fall by 8.3% to 3.3 million tons, with drought and severe weather during the harvest season being the main reasons.
