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Contents tagged with Grain Market Daily
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.
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.