28 September 2020
Last week, Paris wheat prices (Dec-20) remained strong, closing at €192.25/t on Friday, a slight discount on the previous Friday at €194.50/t.
21 September 2020
Global wheat prices have remained strong over the last week, with both Chicago and Paris wheat futures making strong gains towards the end of the trading week
14 September 2020
Sharp falls in the value of sterling pushed up both UK grain and rapeseed prices last week.
7 September 2020
After an extended steady period of growth, gains in both CBOT wheat futures (Dec-20) and MATIF wheat futures (Dec-20) have begun to ease, with markets closing at $202.18/t and €188.25/t on Friday respectively.
1 September 2020
Chicago maize futures (Dec-20) were up to $140.85/t on 31 August, up $5.02/t on the same day of the previous week. The US has had their maize prospects reduced from previous estimates, with US storm damage earlier in August impacting on production.
24 August 2020
Globally wheat stocks-to-use is up year-on-year, but a poor start for crops in Argentina with dryness and frosts needs monitoring. In the short-term, UK physical price premiums are likely to remain historically firm on limited trade.
17 August 2020
Grain markets rallied last week despite the USDA increasing its forecast for 2020 US maize production by 7Mt to 388Mt, pushing up 2020/21 global maize ending stocks.
10 August 2020
Global wheat markets continued to track lower last week. Paris milling wheat (Dec-20) futures ended the week at €178.25/t, down €4.50/t on the week.
3 August 2020
Global wheat prices declined last week after Russian consultancy IKAR increased its forecast for the Russian crop from 76.5Mt to 78.0Mt last Monday (27 Jul).
27 July 2020
Global markets were generally supported last week by short term delays to harvest and reductions in the forecast of the global wheat surplus.
20 July 2020
There’s a lot of uncertainty over Northern Hemisphere crops sizes and this is underpinning global prices for the time being. Confirmation of existing forecasts is likely to be bearish, while further cuts (if large enough) could add support.
13 July 2020
The USDA’s latest supply and demand (WASDE) report suggests a reduction in global wheat supply for 2020/21, driven by reduced wheat production in the EU, US and Russia.