Grains fundamentals: Fading macro support unveils oversupply pressures
Synopsis
Following a US-Iran agreement, trade through the Strait of Hormuz may be returning to normality. Upcoming USDA data is expected to show improved US spring planting estimates, potentially adjusting new crop balances. A lighter Southern Hemisphere wheat supply could reshape export flows in the coming trade year, while China's lack of interest in US agricultural goods continues to cast doubt over the purchase agreement.
What you'll learn
- Grain and fertiliser trade activity via the Strait of Hormuz
- US corn and soybean planted area for 2026
- Export outlook for wheat in the new trade year
- Considerations for Chinese purchases of US agricultural goods
- Sitrep on key crop development across major exporters
Meet the speakers
Matthew Darragh
Matt joined Kpler’s Insight Team in January 2025 as a Grains & Oilseeds Analyst, based in London. Prior to Kpler, Matt was a Cereals & Oilseeds Analyst at the Agriculture and Horticulture Development Board (AHDB), conducting both domestic (UK) and global analysis of the respective grains and oilseeds markets. Before becoming an analyst at AHDB, Matt acquired a Masters of Science in Agricultural Economics at the University of Reading. At Kpler, Matt contributes to the Insight reports and conducts supply and demand analysis to support on the grain balance sheets.
Join the webinar
%201.svg)
