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Grains and oilseeds: Canada to profit from EU import tariffs

July 12, 2024 at 10:38 AM , Der AUDITOR
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BRUSSELS. Prospects are far from sunny for wheat in France. Tropical storm Beryl only has a limited impact for US corn. China has signed the first deal for US soybeans. Canada may very well replace Russia and Belarus as a supplier of rapeseed in the EU.

Too little sunshine for wheat in France

Despite news being that yields are lower than anticipated in France wheat quotations have dropped. By contrast, US yields range higher than last year. US winter wheat harvesting is 63% complete, which is 9% above average. In southern Russia, farmers have threshed 13.1 million mt of grains on 10% of the area sown with yields being 20% higher than last year. In Ukraine, 1.6 million mt of wheat have been harvested, which is 11% of the area sown. Although this is clearly up on last year, yields are similar. Ukrainian milling wheat

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