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Contents tagged with Grain Market Daily
16 October 2023
The USDA last night cut its forecasts for US maize and soyabean production, triggering price rises in the Chicago futures markets.
13 October 2023
Defra and Scottish government released provisional data crop areas, yields and production this morning.
12 October 2023
Global grain prices have remained volatile as of late, and after some support on Monday, fell back again during yesterday’s session.
10 October 2023
UK ex-farm premiums for bread milling wheat over feed wheat, and the premiums for malting barley over feed barley are still historically high.
9 October 2023
Chicago wheat and maize prices rose yesterday due to weather concerns, developments in the Black Sea and technical trading, but UK wheat futures didn't follow.
10 October 2023
Russia’s wheat export pace started the season strongly, according to Russian consultancy SovEcon. Cumulative season-to-date exports (Jul – Sep) are up 49% from the same point last season and 26% higher than 2021/22.
4 October 2023
Chicago soyabean futures (Nov-23) fell $1.56/t over yesterday’s session to the lowest point since the end of June, at $467.61/t. A stronger US dollar and expectations of plentiful global supply have seen prices generally in decline over the past few weeks.
29 September 2023
Today we released the sixth and final GB harvest report for 2023 harvest. The report shows that over the last two weeks harvesting continued to progress in Northern regions, with the harvest of winter wheat, winter barley, oats, and oilseed rape (OSR), all now 100% complete.
6 October 2023
Demand for grains from the compound animal feed sector, including Integrated Poultry Units (IPUs), started this season (2023/24) sluggishly, just as it ended last season.
27 September 2023
Total global production is forecast to be the lowest since 2018/19, with trims seen to crops in many of this year’s top 5 producers including the EU, Russia, Australia, and Canada year-on-year.
27 September 2023
For a while in the AHDB market reports we have been marginally bearish longer-term on rapeseed prices, with the market subsiding since the start of 2023.
26 September 2023
Nearby Brent crude oil futures have risen 25% since the end of June. Supporting prices on the Brent crude oil contract has been the improved economic outlook with inflation easing, as well as the tightening of oil supply and demand on the global market.