Key Takeaways:
Weather conditions in Europe have continued to deteriorate following both the EU MARS’ latest balance sheet update and the August WASDE, leaving “official” estimates lagging behind the reality observed on the ground. WPI’s models anticipate a 4 percent reduction in EU maize yields from the July MARS estimate, with the bloc’s average yield forecast at 6.64 MT/ha. The EU-27 maize crop will likely fall to near 48.2 MMT this year, due to collapsing French and Hungarian crops. Despite the bleak production outlook, added imports will largely fill the domestic supply gap and modest demand rationing in feed and FSI use will keep ending stocks tight but relatively comfortable. Prices in Europe are...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
Russian Grain Markets: 10–14 August 2026 The Russian grain market continued to weaken sharply during the second week of August as the Black Sea logistics situation deteriorated. Russia and Ukraine continued exchanging drone and ballistic attacks on seaports, infrastructure and commercial...
