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Contents tagged with Grain Market Daily
10 March 2023
UK natural gas prices have continued to fall over the last couple of months. Despite the current cold spell, front month UK natural gas futures closed at 109.59p /therm yesterday, down 21.94p/ therm from the same point in February, and down 263.99p/therm on the year.
9 March 2023
Yesterday, the USDA released their latest World Agricultural Supply and Demand Estimates (WASDE). The latest report was not expected by the market to bring any big changes, and this in many ways has rung true. The focus of this report has been, as expected, on South American production of maize and soyabeans, considering the worst drought conditions in Argentina for 60 years.
8 March 2023
Increased optimism over the extension of the Ukraine export corridor has been pressuring wheat markets this week. This is despite some support from US weather worries as the winter wheat crop may have been impacted by extreme cold/dry conditions.
7 March 2023
Argentina has been hit by the worse drought in 60 years, which has been on-going since last year. To start, it severely impacted their wheat crop for this marketing year (2022/23).
3 March 2023
As we head deeper into the second half of the 2022/23 marketing year (July to June), markets are becoming more and more concerned on the grain supplies for the 2023/24 marketing year (next season).
2 March 2023
This season to date (July 22 to January 23), total animal feed production trailed the same period last season by 6%. Livestock sectors face many challenges across the board, from rising feed and input costs to the impact of the cost-of-living crisis. The data shows GB animal feed production across the board for the sectors, is down year on year.
28 February 2023
On Thursday, new crop (Nov-23) UK feed wheat futures closed at a premium to old crop (May-23) futures for the first time.
24 February 2023
The agriculture policy environment is changing. As such, businesses will need to balance business profitability with environmental sustainability going forward.
23 February 2023
Today is the first day of the 99th USDA Agricultural Outlook Forum (AOF). As part of the AOF, earlier today the USDA released outlooks for the coming season, including projections for US wheat, maize and soyabean supply and demand for the 2023/24 season.
22 February 2023
UK feed wheat futures (May-23) have been feeling an element of support since the end of January. The contract reached £245.00/t on the 14 February and since then it has been pressured.
21 February 2023
Competitive supplies from Ukraine to Southern regions of Europe, combined with the impact of dry conditions at the end of last season (2021/22) have meant EU wheat import demand has been strong so far this season.
17 February 2023
Over the last few months, we have been discussing the weather in South America, which at times has been repetitive.