Tidbits, Q&A: Crude Oil, Wheat Uptrend, FOB 6/9/25
- Wright team
- Jun 9
- 5 min read
Tidbits
Argentina's Rosario Grain Exchange is warning that the country stands to lose significant corn and soybean meal export share to Vietnam in the wake of a U.S.-Vietnam trade deal.
In the area of Boa Esperança Do Norte, Mato Grosso a record yield of safrinha corn was announced: 223 bushels/acre (233.16 60Kg-bags/hectare).
AgRural raised Brazil’s corn production to 128.5 million mts (USDA 130), supporting medium-term supply. However, AgRural warns early planting in Mato Grosso do Sul and Paraná was hampered by rain and frost, leaving near-term yields at risk.
This morning, China reported its producer prices in May were down 3.3% from May a year ago. The market expected a 3.2% decline. This is the 32nd consecutive month of producer deflation and the steepest decline since July 2023. Consumer prices were down just 0.1% for the past 12 months.
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