Northern Hemisphere grains & oilseeds update, July 2026
In this week's episode, Steve Nicholson, Head of North American Crops with RaboResearch, discusses Northern Hemisphere crop conditions, grain and oilseed markets, and emerging global risks with RaboResearch colleagues from around the world including:
Lief Chiang, Senior Industry Analyst, Asia
Vito Martielli, Senior Grains & Oilseeds Analyst, Europe
Owen Wagner, Senior Grains & Oilseeds Analyst, North America
While geopolitical risks, including impacts from the Middle East, remain part of the discussion, the conversation focuses on China-US trade developments, growing weather risks across key agricultural regions, and signs that strengthening demand could provide support to commodity markets.
Time stamps:
0:08 – Introduction, Steve Nicholson, Head of North American Crops with RaboResearch Food & Agribusiness
0:33 – China and Asia – Lief Chiang, Senior Industry Analyst
China corn and soybean crop conditions
Weather risks across Asia and emerging El Niño concerns
China-US trade relations and soybean imports
Crop protection and fertilizer export outlook
14:16 – Europe – Vito Martielli, Senior Grains & Oilseeds Analyst
Impacts of Europe's heat wave
Wheat production outlook
Russian and Ukrainian crop update
Corn market concerns in France and the EU
Rising import demand and trade opportunities
Ukraine's continued export resilience
23:05 – North America – Owen Wagner, Senior Grains & Oilseeds Analyst
US corn and soybean crop conditions
Field observations and regional variability
Southeast US production challenges
China-US soybean demand outlook
Whether grain markets are finding a bottom
Global supply risks and demand recovery
A look ahead at input costs, weather, and market opportunities
40:45 – Wrap up and conclusion
If you have any questions you would like for us to consider, please send them to eric.gibson@raboag.com.
Disclaimer: Please refer to our global RaboResearch disclaimer at https://www.rabobank.com/knowledge/disclaimer/011417027/disclaimer for information about the scope and limitations of the material published on the podcast.
