Key Takeaways:

Wheat markets are supported by U.S. weather risk, though EU fundamentals remain bearish on strong supply, weak demand, and currency pressure. Upside is limited, with global strength unlikely to drive sustained EU gains. Maize markets are firming on Brazil weather risk and tighter old crop availability, with feed demand beginning to recover. Near-term support is likely, though large supplies should cap rallies. Malting barley markets remain inactive with limited demand and burdensome carryover stocks. Prices are expected to remain flat. Feed barley markets are strengthening as wheat gains improve feed competitiveness and old crop stocks tighten. Downside risk is limited into the marketing year-end. Oilseed markets are consoli...