BIG NEWS 🚨 Israel kills entire cabinet of Houthis including Prime Minister, Defence Minister & all senior figures.

Israel struck Sanaa on 28 August 2025, killing the Houthi Prime Minister and likely its Defense Minister and Army Chief to cripple Iran-backed attacks on Israel and Red Sea shipping, escalating the regional power struggle.

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Weather patterns worldwide remain crucial. The U.S. Midwest faces a cooler and drier stretch, potentially limiting late-season crop development. Canada braces for a heatwave across the western Prairies, while Europe expects widespread showers that could benefit corn and aid wheat.

Australia’s wheat harvest forecast was lifted to as high as 35 million tons following timely rains in July and August. Combined with carryover stocks from last year, this surge in supply is expected to further pressure global prices. Analysts also raised barley and canola.

In Europe, the EU’s MARS unit cut corn yield forecasts due to drought and heat in Romania, Bulgaria, Greece, and southern Ukraine, while conditions remain favorable in Spain, northern France, Germany, and Poland. This disparity underscores the uneven growing environment across.

Argentina’s wheat crop faces renewed stress as forecasts point to over 100 mm of rain across Cordoba later this week, increasing risks of flooding and disease. Earlier frost damage has already reduced confidence in yields. Still, soybean meal shipments to China are slowly.

South America remains a focal point, with Brazil’s grain sector under financial strain despite record harvest forecasts of 176.5 million tons of soybeans and 138.4 million tons of corn for 2025/26. Rising loan defaults and tight credit conditions are curbing fertilizer purchases,.

Indonesia announced that the United States has agreed in principle to exempt its palm oil, cocoa, and rubber exports from the 19% tariffs imposed earlier this month. The talks also included potential U.S. investment in Indonesian fuel storage and industrial parks, highlighting.

Logistical and protein market factors also weighed in. U.S. barge shipments on the Mississippi dropped to 667,000 tons, down from 853,000 tons the previous week, with soybean shipments falling 36%. Meanwhile, U.S. cattle placements fell 6.1% year on year, and Brazil’s poultry.

Weather conditions shaped market sentiment further. A widespread cooldown across the U.S. Midwest will bring drier conditions, potentially limiting late-season crop development. Europe is set for beneficial rains ahead of wheat planting, while Canada faces frost risks. In South.

Policy changes in the U.S. and abroad added new dynamics. The Trump administration’s EPA granted over 60 full refinery exemptions from biofuel mandates, sparking fears of reduced demand for corn and soybean-based fuels. Conversely, Indonesia pressed the EU to drop biodiesel.

Argentina also drew attention after frosts raised concerns for wheat crops. Meanwhile, Bunge chartered another soybean meal cargo for China, signaling a gradual resumption of Argentine exports after earlier disruptions diverted shipments to Southeast Asia.

Brazil’s 2025/26 soybean crop was projected at 176.5 million tons, a 3% increase year on year, while corn output was estimated at 138.4 million tons. Farmers face tighter credit conditions and record loan defaults, slowing fertilizer purchases despite robust output projections.

China–U.S. tensions escalated as Beijing criticized Washington’s protectionist farm policies. China highlighted a 51% drop in U.S. soybean imports during the first half of 2025, with Brazil continuing to dominate its purchases. U.S. restrictions on Chinese farmland acquisitions.

The ProFarmer Crop Tour projected record U.S. corn and soybean harvests—16.204 billion bushels of corn and 4.246 billion bushels of soybeans—but also warned of widespread disease pressure. Tar spot, rusts, and sudden death syndrome were noted as yield risks that could offset some.

Severe drought across Ukraine dominated headlines, threatening winter rapeseed sowing scheduled between late August and mid-September. Soil moisture levels are critically depleted, with rainfall only 30–60% of normal in many regions and as low as 5–25% in parts of Cherkasy and.

Transportation bottlenecks added to market pressures. USDA reported Mississippi River barge shipments fell to 667,000 tons in the week ending August 16, down from 853,000 tons the prior week. Soybean shipments dropped more than 36% week-on-week, while barge rates in St. Louis.

Global stockpile projections were revised higher. The International Grains Council now sees global grain stocks at 597 million tons for 2025/26, up from July’s 582 million, led by increases in corn and soybeans. Wheat stocks were trimmed slightly to 264 million tons due to rising.

China returned to Australian canola purchases for the first time since 2020, booking 50,000 tons via COFCO for shipment later this year. The move follows steep tariffs on Canadian canola, signaling Beijing’s strategy to diversify supply and reshaping oilseed trade flows.

In trade, Egypt secured at least 200,000 tons of French wheat, with estimates suggesting purchases may exceed 400,000 tons. The deal comes amid tightening Russian supplies and Cairo’s failure to meet domestic procurement targets. Prices ranged from $265–275 per ton c&f, with.