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THE WATCHLIST: West Side Story
A week where some small issues will get worse. Summer crops in France and Spain will shrivel in the heat. And Australia’s Queensland extends its too-dry start to the season. Both are problems for growers and their local customers – but not for global markets. Any likely production loss can…
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THE WATCHLIST: Think local, not global
A week where some small issues will get worse. Summer crops in France and Spain will shrivel in the heat. And Australia’s Queensland extends its too-dry start to the season. Both are problems for growers and their local customers – but not for global markets. Any likely production loss can…
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THE WATCHLIST: Thin
France and Spain’s summer crop areas are dry and likely to remain that way for another week or more, so a watch is warranted. Likewise, winter crops in Australia’s Queensland. At-risk production is modest, and no forecast downgrades are imminent, so global price impact is minimal for now.
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THE WATCHLIST: All Clear
The Watchlist remains clear. Market chatter continues about dryness in parts of Australia, Brazil and France. None of those, though, are likely to drive imminent changes to crop forecasts.
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THE WATCHLIST: Tabula all but rasa
The world’s crop regions are largely looking good, so we have nothing on The Watchlist. US HRW wheat losses have likely come to an end. Parts of Brazil and Europe are dry, but timing blunts any impact on crop forecasts.
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THE WATCHLIST: The Good Place
Most of the world’s crops either have good soil moisture or can soon expect some rainfall. From a weather perspective, crop prospects are good. US HRW wheat remains an exception, but even this issue might soon be resolved.
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THE WATCHLIST: June looms larger
Early June rainfall forecasts loom large for Brazil’s corn, and Australia’s winter crop, regions. And, yes, the US HRW wheat crop is still shrinking.
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TURF WAR: Hard Times for Hard Red
The US’s 2026 Hard Red Winter (HRW) wheat crop has faced a litany of weather challenges. The wheat market is thus on track to lose much of its US inventory buffer. The market will now become more sensitive to crop markdowns, in the US or elsewhere.
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THE WATCHLIST: The heat is on HRW
US HRW wheat crops’ latest travail is heat this week. And, Australia likely sees some useful rain this week.
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THE WATCHLIST: Is a Hard Red rain gonna fall?
US HRW wheat crops continue to decline while awaiting rain. Australia remains largely dry, with end-May rainfall forecasts now critical. Elsewhere, worries are minor.
