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AMIS Market Monitor

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last release: November 2019

Supply & Demand

 

From previous month forecast

From previous season

Wheat

Maize

Rice

Soybeans

 Easing

 Neutral

 Tightening

International prices of wheat, maize and soybeans firmed in recent weeks as supply prospects for 2019/20 dampened somewhat. The increase was particularly pronounced for maize where markets received strong support from reduced opening stocks in the US. Wheat prices rose following a downgrading of production prospects in a number of major exporting countries. Soybean prices also firmed significantly, mostly due to a provisional resumption of Chinese purchases of US cargoes that added upward pressure. By contrast, harvest pressure, slow demand and prospects of world supplies remaining ample kept rice prices in check.