6 July 2020
Global grain prices received a sharp boost last week, particularly maize. Prices moved higher following the release of the USDA acreage report last Tuesday; maize plantings are estimated at 37.2Mha, down 2.0Mha from March’s intentions survey. If we see trend yields and abandonment, the US could still be set for a record crop. With a reduced crop area, weather again becomes an important swing factor for maize markets, particularly with the crop now silking.
3 July 2020
Earlier this week, the USDA reported that US farmers had planted 2Mha less than they intended to plant back in March so we look at what this means for maize and wheat markets.
2 July 2020
The release of the latest AHDB usage data has shown animal feed production down across all sectors in May.
1 July 2020
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates that Australia’s wheat production for 2020/21 will reach 26.6Mt, up 11.5Mt on the year.
30 June 2020
UK feed barley prices could face further pressure in 2020/21 after data shows Canadian farmers have planted the most acres to barley since 2009.
29 June 2020
Global grain prices fell last week amid upgraded crop forecasts, plus harvest pressure and worries about the rate of coronavirus infection in parts of the US.
26 June 2020
Although yields are uncertain, there will be another significant barley crop this year. Prices may see pressure later in harvest from the spring crop, and then may gain slightly as farmer selling slows.
25 June 2020
What might affect the price direction of new-crop rapeseed? With harvest rapidly approaching, let’s revisit these factors and the impact they could have.
24 June 2020
Top global grain supplier Russia are already proposing the imposition an export quota onto the second half (Jan -Jun) of the 2020/21 marketing year, although the volume has not been announced it has potential ramifications for global and UK prices.
23 June 2020
UK wheat could receive either a boost or come under additional pressure in the next few weeks from what happens to US maize crops as they’re now at a critical growth stage.
22 June 2020
Global new crop wheat futures were in retreat last week, falling on US harvest pressure and a basic lack of bullish drivers. New crop maize values continued to float at their current support level, before making small gains on Friday.