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• USDA raised global rapeseed crush mainly due to higher Ukraine crush; EU rapeseed ending stocks trimmed for 2026/27. Argentina's soybean production increase lifts global soybean ending stocks slightly. USDA projects lower U.S. wheat exports for 2026/27 due to small domestic crop and competitive supplies. Ukraine's corn and oilseed areas steady or slightly higher, with total oilseed area at 8.8Mha, above five-year average.

• Ukraine targets 4.4Mha for corn planting, stable from 2025; barley and spring wheat areas steady. U.S. corn crop 68% good to excellent, steady week-on-week, with 97% emerged and early silking stage at 5%. U.S. wheat sales commitments down 15% year-on-year, with exports forecast to drop to 775 million bushels. Chicago wheat and corn futures show moderate price levels amid weather watch. Soybeans mixed in U.S. markets, pressured by uncertain demand from China.

• Global rapeseed trade slightly higher with Moldova exports up. Soybean oil prices supported by biodiesel demand expectations. Ukraine's oilseed area slightly above average, supporting crush prospects. Rapeseed bids at $560 CPT Odesa for July-August; soybean oil crude offers at €1,125 DAP Komarom for July. Soybean crush margins remain positive but softened.

• Russian attacks on Odesa ports threaten Ukraine grain and vegetable oil exports, potentially reducing monthly export volumes from 6 million to 4 million tons. About 1 million tons may shift to Danube terminals but at higher logistic costs. Ukrainian grain export prices declined $5-6/ton due to port shipment difficulties and rising logistics and insurance costs. Export demand among multinationals for Ukrainian grain softens amid logistical uncertainties.

• Timely rains improve U.S. South Dakota corn crop conditions to 67% good-to-excellent; soybeans steady at 63%. Minnesota crop conditions slipped slightly with corn at 79% and soybeans at 76% good-to-excellent due to uneven rainfall. Western Corn Belt expects 0.5 to 1.5 inches of rain this week, potentially aiding crop development. Ukraine's spring planting areas stable with some cold spring challenges noted but no major disruptions reported.

• USDA raised U.S. corn and soybean export demand projections, reflecting stronger global needs. U.S. wheat exports constrained by higher domestic prices and competitor supplies. China remains pivotal for soybean market direction, with potential price swings tied to Chinese buying. Ukraine increasingly processes agricultural products domestically amid export challenges, impacting raw material export volumes.

• Ukraine's grain export volumes remain pressured by port attacks and logistical bottlenecks, with export volumes down nearly half for some grains. Moldova increases rapeseed exports, contributing to marginal global trade growth. Argentina's soybean production rise supports global stock outlook. U.S. crop conditions stable to slightly declining in key states, with weather closely monitored for impact on yield potential.