25 January 2021
The outlook for old crop wheat has softened but remains supported by the tight supplies of old crop maize. The potential for the European crop to recover is weighing on the new crop outlook.
18 January 2021
The rally in global grain markets was buoyed last week by the release of several key data reports.
11 January 2021
On Wednesday, the UK feed wheat futures nearby contract closed at £202.40/t, the highest point since March 2013. The 2012/13 season was another following an exceedingly wet autumn drilling, leading to high UK grain imports that season.
4 January 2021
Maize prices are far higher than they were before the Christmas holidays. The biggest gains were in the final days of 2020 on Argentine export restrictions and strong US export sales.
21 December 2020
A bumper crop in Australia adds to global supplies, however an export tax on Russian wheat will alter global trade flows.
14 December 2020
Global wheat markets accelerated at the end of last week. Gains in wheat were driven by a general tightening of global supply and demand from a number of regions.
7 December 2020
Grain prices fell last week due to better supply prospects for wheat and rain for maize crops in South America.
30 November 2020
May-21 UK feed wheat closed at £194.50/t on Friday, up £1.50/t on the week. The Nov-21 contract also recorded a week on week increase (£1.20/t) to close at £161.20/t.
23 November 2020
UK old crop (May-21) feed wheat futures continued to firm last week, up £2.20/t Friday-Friday, closing at £193.00/t. New crop futures (Nov-21) also firmed, but to a lesser extent, up £1.15/t over the same period, ending the week at £160.00/t.
16 November 2020
The latest USDA WASDE increased opening stocks of global wheat by 1.4Mt compared with previous forecasts. Increases in consumption and exports capped global ending stocks, which were down 1Mt on the month, although they remain at a record high.
9 November 2020
This week's view of grain and oilseed markets, including a summary of both UK and global activity.