27 January 2021
After a breather last week, and early this week, global grain markets have made further gains. In early trade today, Chicago maize prices (May-21) moved back up to a near contract high. The latest move has been sparked by fresh purchases as China were seen to buy 1.36Mt in the latest USDA flash sales report.
26 January 2021
Current weather in Europe can drive the continental market, which will drive our domestic price. If growing conditions fare well over spring, the UK will likely need to export wheat next season
22 January 2021
Global grain prices have seen some substantial recent gains. Global maize supply and demand is one of the key drivers holding UK wheat prices high.
21 January 2021
Our domestic market trades at import parity this season, so your ex-farm values is sensitive to global fundamentals.
20 January 2021
The feed barley discount to feed wheat has been gradually increasing throughout the season, as wheat prices have rallied.
19 January 2021
Wheat futures prices jumped up again yesterday after the confirmation of higher Russian export taxes on Friday. But, could export curbs be implemented by more counties?
15 January 2021
There has been a surge in support for agricultural commodities. Chicago wheat, soyabeans and maize futures contracts have gained exponentially since the start of June 2020.
14 January 2021
This week, grain markets have seen a plethora of information that has fed the bullish sentiment for the moment. Whilst news has been mostly maize centred, this has still had an effect on UK wheat futures.
13 January 2021
Yesterday evening the latest USDA supply and demand estimates (WASDE) for the 2020/21 season were released. A lot of our focus in recent weeks has been on South America, where dry weather has hampered crop development. Despite the drier weather, forecasts of Brazilian and Argentinian maize production are at relatively high levels.
12 January 2021
Tonight the USDA release three reports that have historically influenced prices. These are the monthly world supply and demand estimates, US stocks as at 1 December and the area of winter wheat planted for harvest 2021.
8 January 2021
More rain is needed across many of the key maize and soyabean growing areas in South America.
7 January 2021
As we move into the New Year, grain markets have continued to rally. Since Monday, old crop UK feed wheat futures (May-21) have gained £3.90/t, closing yesterday at £204.90/t. Equally, new crop (Nov-21) futures have gained £3.50/t over the week so far, reaching £167.00/t yesterday.