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Contents tagged with Grain Market Daily
16 November 2023
Results show that the SFI scheme alone is not going to be enough to mitigate the loss of Direct Payments, an intentional design of the scheme. But that taking part in the SFI scheme can provide substantial extra income for an arable business, and with the right combination of actions for their individual farm, could make up a considerable amount of the shortfall.
14 November 2023
Earlier today, AHDB published the provisional release of the AHDB Early Bird Survey (EBS) of early plantings and planting Intentions for harvest 2024.
17 November 2023
Domestic feed wheat futures have remained volatile this week, following price movements in global grain markets. Domestic new crop feed wheat futures have moved slightly differently to old crop, with concerns over wet weather hampering plantings in the UK.
9 November 2023
The competitiveness of Black Sea wheat has been in focus for markets throughout this season, keeping a cap on price gains. Despite the ongoing war in Ukraine, grain continues to leave the country, albeit more slowly than this time last year.
8 November 2023
Tomorrow will be the release of the USDA World Agricultural Supply & Demand Estimates (WASDE) for November and the US crop production reports.
7 November 2023
Demand from the UK bioethanol and starch sectors remained strong in September, indicates the latest UK usage data.
3 November 2023
New crop (Nov-24) UK feed wheat futures have risen £4.90/t since Friday 20 October, closing at £208.00/t yesterday.
6 November 2023
As discussed in a previous analysis, malting barley premiums remain historically high at the moment. As at 12 October, the gap between the UK average spot ex-farm price for premium malting barley and feed barley was £71.20/t.
1 November 2023
For most parts of Europe, winter cereal drilling is progressing well, according to the European Commission’s latest crop monitoring report. This is despite a later start, as delayed crop harvesting wrapped up.
31 October 2023
As US harvests are progressing quickly, focus for plugging the supply gap turns to South America for the start of 2024.
27 October 2023
Results from the Cereal Quality Survey confirm lower quality for both wheat and barley from the 2023 harvest, including specific weights.
26 October 2023
UK feed wheat futures (Nov-23) have been pressured so far this week, closing yesterday at £184.80/t.