Global grain markets face volatility as China redirects wheat imports, Brazil’s soybean harvest lags, and Argentina battles drought. Meanwhile, shifting trade policies, fluctuating export data, and evolving weather conditions continue to shape supply and demand across wheat, corn, and soybean markets.
China has halted the import of 600,000 tons of wheat, mostly from Australia, which has been offered to other buyers due to high domestic supply and reduced demand.
While wheat, corn, and soybean futures saw mixed movements, broader market trends, including U.S.-China tariff tensions, South American drought conditions, and shifting global demand, continue to shape the agricultural landscape.
Global grain markets saw mixed movements on Tuesday, with wheat and soybeans posting gains while corn edged higher. Geopolitical tensions, shifting trade policies, and weather developments in South America continue to shape market sentiment.
According to a forecast by Rusagrotrans, Russia is expected to export 2.2 - 2.3 million tons of grain in February 2025 (compared to 4.4 million tons in February 2024), marking the lowest level since February 2020, when exports stood at 1.9 million tons.
