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.
10 December 2020
The rally that began in late June for Chicago wheat markets seemingly has hit its brakes as prices retreat to levels seen at the end of September. Could this report offer incentives for sentiment to change?
26 November 2020
The first official UK cereal and supply and demand estimates for the 2020/21 season were published this morning, including a wheat ‘deficit’ for the first time.
19 November 2020
A second 8Mt+ barley crop in two seasons, has again meant that exports are going to be key for the UK barley market. However, exporting this season is not straight forward, with a challenging global market, and strong export competition.
5 November 2020
The imposing of stricter lockdown measures that come into effect today will see the English hospitality sector limit the sale of alcohol to a takeaway only basis, with ‘eat-in’ meal occasions restricted until 2 December.
29 October 2020
As mentioned at our Grain Market Outlook conference a key parameter to observe this year is the impact of a La Niña weather event.
23 October 2020
The wheat balance sheet is set to be the tightest in a number of decades due to a significant drop in total availability outweighing a contraction in usage.
11 September 2020
Lower yields mean that costs per tonne will be higher for spring barley, winter wheat and oilseed rape (OSR) despite some lower input costs in the last 12 months.
10 September 2020
Winter milling wheat returns the top crop (of those looked at) on a gross margin basis, with feed wheat dropping one place to third. This would suggest that there is, unsurprisingly, a strong incentive to plant wheat for harvest 2021, and ups the likelihood of an increased area.
3 September 2020
We often talk about the relationship between rapeseed and soyabean prices in Grain Market Daily, because soyabeans represent almost 87% of the world’s export trade in oilseeds. This means soyabean supply, demand and prices impact rapeseed prices.
27 August 2020
It’ll be no surprise to anyone that we are currently experiencing unprecedented circumstances in terms of wheat production in the UK. It is highly anticipated, as I mentioned last week, that the UK wheat crop will be the smallest since 1982, and potentially lower than that.
20 August 2020
The second harvest progress report released last Friday provided an insight into potentially putting some figures the production of crops for 2020 harvest.