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Contents tagged with Grain Market Daily
4 April 2023
Today, the latest crop development report has been released, with condition scores as at 28 March 2023.
30 March 2023
Earlier today, AHDB published the March UK supply and demand estimates for wheat, barley, maize and oats for the 2022/23 season.
29 March 2023
There has been a change in the dynamics of our domestic market recently, with old crop futures trading at a discount to new crop prices.
28 March 2023
Following the analyst insight I wrote last Thursday, How low could wheat go?, old crop (May-23) wheat prices have come back above the £200/t mark, closing at £208/t yesterday, up £14/t from last Wednesday’s 15 month low.
24 March 2023
As mentioned in yesterday’s Analyst Insight, old crop wheat futures are dropping lower and lower.
22 March 2023
Since the start of March, Paris rapeseed (May-23) futures have lost €87.50/t (17%), to yesterday’s close at €441.00/t. So, what has been causing this pressure? Well, fundamentally rapeseed is well supplied globally, and demand concerns rumble on for oil and vegetable oil markets, considering recessionary and financial market concerns globally.
21 March 2023
Recently markets have been reacting to updates from the Black Sea region, as well as Southern Hemisphere production. However, as we move towards harvest 2023, focus is turning to the development of Northern Hemisphere crops.
17 March 2023
Despite the Argentinian soyabean crop continuing to be revised downwards from the disastrous drought, the fundamentals of rapeseed markets seem to be overshadowing these revisions.
16 March 2023
UK feed wheat prices have moved fairly sideways so far this week with slight marginal support (Friday-Wednesday), and new crop futures still trading at a premium to old crop.
15 March 2023
On Friday, HMRC released the latest trade data, which includes volumes exported and imported up to the end of January. With a substantial exportable surplus of domestic grains (especially wheat) this season, are exports on track to shift this large surplus to prevent large carry-out stocks?
14 March 2023
The Black Sea Initiative, the Ukrainian grain export corridor, continues to keep uncertainty in grain markets short and longer term. It looks as though talks are progressing to secure a renewal, though how long the renewal period is for remains unclear.
13 March 2023
In the short-term, optimism over the Black Sea grain deal will likely continue to weigh on prices, though markets will remain volatile with the extension deadline close.