23 August 2019

The latest AHDB harvest report highlights that the winter barley and winter oilseed rape harvest are all but complete, at 98% and 95% respectively.

21 August 2019

Over the past few months the direction of US corn prices has been a significant focus for EU grain markets.

20 August 2019

27% of UK wheat harvest was complete before the recent rains but with much of the UK bread wheat crop still standing concerns are raised about quality

16 August 2019

Although the wheat harvest has been delayed by rain, by 13 August approximately 27% was complete

14 August 2019

Rapeseed prices could be set for support following the decision of the European Union to impose import duties on Indonesian biodiesel. The increase in duty on the fuel could result in a switch in demand to biodiesel produced using other vegetable oils.

13 August 2019

Yesterday’s WASDE release saw an upward revision to US maize estimates in stark contrast to industry estimates which expected a lower value from July’s release.

9 August 2019

Monday could signal the end of the recent spate of maize led volatility, or could kick it into a whole other gear. Over the last three and a bit month’s global grain volatility has been heavily dictated by uncertainty over the US maize production number.

7 August 2019

Yesterday the French farm ministry upped its estimate of soft wheat production by a further 1.2Mt from its July estimate. The ministry now forecast French production to reach 38.2Mt, up 12% year-on-year, the largest French soft wheat crop since 2015 (EU commission – 40.9Mt).

6 August 2019

European wheat markets moved down yesterday. UK feed wheat futures (Nov-19) closed at £144.80/t, down £1.15/t since Friday.

2 August 2019

Up to 30th July, 31% of the oilseed rape crop had been harvested.

31 July 2019

UK feed wheat continued to track upwards yesterday although only marginally. From Monday’s close UK feed wheat futures (Nov-19) increased a further £0.25/t to close yesterday at £148.75/t. Paris milling wheat (Dec-19) also climbed yesterday, closing at €181.50/t, a rise of €1.00/t.

30 July 2019

The value of sterling has fallen to its weakest point against the dollar for more than two years ahead of a week of key economic data. Weakness in the value of sterling will act to support the value of UK agricultural products.

26 July 2019

European wheat markets have seen little movement this week. UK feed wheat futures (Dec-19) have traded within a £0.75 range from £146.25/t to £147.00/t since Monday. Paris milling wheat markets have traded between €179.25/t and €180.75/t at close yesterday. US grain markets have also been following a similar sideways trend. Chicago maize (Dec-19) traded within a $1.87 band and Chicago wheat (Dec-19) traded within $3.30 from Monday to yesterdays close. With cereal harvest underway in the northern hemisphere, yield and quality reports will be monitored closely to readjust any forecast currently in place.

24 July 2019

Global grain markets remained relatively flat yesterday with no real change in fundamentals affecting the markets.

1 August 2019

As we move through July and into August progress of global wheat harvests becomes increasingly important to price direction.

1 August 2019

UK feed wheat futures continued their recent decline yesterday. Earlier in the week we highlighted that the 20-day moving average had dropped below the 50-day moving average. The trend has continued over the course of the week and at yesterday’s close the 20-day average was sitting just £0.66/t above the 100-day average.

1 August 2019

European grain markets have dropped back down again this morning, after closing yesterday slightly higher.

24 July 2019

Yesterday, global grain continued to fall back from their recent rally. Nov-19 feed wheat lost £0.50/t to close at £146.75/t.

1 August 2019

In a return to the trend of a falling grain market, Nov-19 feed wheat futures closed lower yesterday at £147.25/t and have continued to fall this morning trading at £146.75/t at midday.

1 August 2019

UK oat production looks set to be the highest since 1973.

1 August 2019

The AHDB Crop Tour moved east yesterday, visiting Simon Brock at Swanton Morley Farms near Dereham, Norfolk.

1 August 2019

UK feed wheat futures (Nov-19) fell further below the long term moving average yesterday. New-crop futures have fallen £4.20/t over the past two days, closing at £144.50/t

7 August 2019

Today has seen Defra release the latest update to the Basic Payment Scheme planted area dataset that was first released a year ago. The dataset looks specifically at land use including grassland but we’re concentrating on the main crop areas in England only.