Price: €11.00
Member Price: €0.00

Grains and oilseeds: Trump is bad news for US and EU trade

November 8, 2024 at 12:06 PM , Der AUDITOR
Play report as audio

BRUSSELS. Donald Trump’s imminent return to office as the 47th US president is sending shockwaves through the markets for grains and oilseeds. His proposed tariffs do not only spell bad news for US corn and US soybeans but also for EU rapeseed. Ukraine, Romania and Bulgaria are offering more competitive prices for wheat than Russia.

Ukraine more competitive for wheat than Russia

Wheat is trading lower this week as export prices are down. Egypt’s GASC authority purchased 290,000 mt of soft wheat, of which Ukraine and Romania jointly supplied 240,000 mt in equal measures and Bulgaria 50,000 mt. Prices stood at USD 247,56/mt FOB and at USD 274.83/mt C&F, which is USD 9.00/mt up on August. At USD 265/mt quotations were too expensive in Russia. Despite buying 3.12 million mt from Russia by direct contract in September, Egypt has postponed shipments due to high prices. Algeria previously or

View related articles

Go to the News Overview
Oilseeds
Apr 17, 2025
NEW DELHI/MAPUTO. While the Indian sesame seed market is struggling with cash problems, farmers in Mozambique have had a promising start to the season. Brazil wants to expand its trade with China.
Grains
Apr 16, 2025
LIMA/SUCRE. The quinoa harvest in Peru and Bolivia is expected to gain momentum at the end of April, and the prospects are certainly positive. Demand in the EU is also increasing noticeably, and the two South American countries are the most important suppliers here.
Oilseeds
Apr 16, 2025
SOFIA/KYIV. The sunflower seed market is largely quiet. Sowing is underway in the European growing countries. High prices are slowing down trading activity.
Oilseeds
Apr 16, 2025
OTTAWA/ASTANA. Market experts are sceptical about Agriculture and Agri-Food Canada's low cultivation forecast. In the Kazakh flaxseed market, prices are maintaining the higher levels of recent weeks.