Improved US-China relations lift the market: Grain market daily

• Global futures prices moved upwards yesterday off the back of improved China-US relations. The two countries agreed on a framework for trade over the weekend (see this week’s arable market report). The deal is not ratified, and attention must be paid to the meeting that will take place in South Korea on Thursday. Chicago wheat futures (Dec-25) were up 2.6% yesterday as a result, while Chicago soya beans (Nov-25) gained 2.5%
• UK feed wheat futures (Nov-25) closed at £164.60/t up £4.50/t (2.8%). May-26 futures closed at £178.60/t an increase of £3.60/t (2.1%) on the day
• The EU Mars report, published yesterday, shows that winter planting is moving well across the continent. But as for 2025 summer crops, sunflower yields edged lower again, now down 11% on the five-year average after the dry conditions that had a major impact across this season. The impact of this reduced sunflower crop may be acting to support the EU oilseed complex. Soya bean yields fair slightly better at 3% above the five-year average, though still dip slightly from September’s report. Meanwhile, forage maize is expected to yield 1% above the five-year average at 42.8t/ha
• Paris rapeseed futures gained following the bullish trend in the market. Nov-25 futures, which finish trading on Friday, rose €5.75/t (1.2%) to close at €475.00/t, with the May-26 contract up €3.50/t (0.7%) to €476.00/t
• Brazil soya bean plantings are continuing well with progress moving at the same rate as last year at 36% complete (Conab)

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