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Desk View — 21 October 2026: The EU pulls in imported corn to cover a small French crop, US wheat and corn struggle to find buyers
EU corn imports run 39% above their five-season average as US and Argentine corn land in Europe well under Euronext, while US wheat and corn sales lag their export programmes. We are bullish on Euronext milling wheat, Euronext corn and CBOT soybean oil, bearish on CBOT SRW wheat, CBOT corn and Euronext rapeseed, and neutral on HRW wheat, soybeans, soybean meal and canola.