Corn market analysis and forecasts

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The Trump administration has concluded its investigation against Brazil under Section 301, with the country’s Trade Representative Jamieson Greer proposing a 25% tariff on the South American country’s imports but putting forth a list of exempted items.
EU wheat exports reached 19.23 million tonnes as of May 31, according to European Commission data, yet weekly flow data from Rouen port collapsed 66.6% to 72,923 tonnes in the week to June 3, pointing to a sharp deceleration in physical trade.
Soybean futures on the Chicago Mercantile Exchange were lower on Friday June 5 due to uncertainties around Chinese commitment to buy of US goods and a perfect storm in external and derived markets.
Fastmarkets’ weekly recap of the main movements in global cash markets.
CPO futures extended losses on Friday June 5, erasing most of the week’s gains as weakness in related oils weighed on prices, while CME soyoil futures also declined, pressured by falling crude oil, legal challenges to rising US biofuel blending mandates and profit-taking.
The publication of Fastmarkets’ soybean FOB Cascavel, Ponta Grossa, Rondonopolis and FAS Paranagua assessments for June 1 was delayed because of a wrong procedure. Fastmarkets’ pricing database has been updated.