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Contents tagged with Grain Market Daily
13 July 2021
La Niña has been a key driver of markets this season, causing extreme dryness in South America.
13 July 2021
Early insights into barley supplies next season point to support for barley prices relative to other grains.
13 July 2021
Rapeseed prices have continued to rally over the past couple of weeks. Old crop rapeseed (May-21) closed yesterday at €525.75/t, €0.50/t off the recent highs. Strong vegetable oil values continue to be one of the predominant drivers of prices.
13 July 2021
Yesterday, the EU Commission published its latest crop condition bulletin. The report covers the EU crop situation through to 8 March. With the UK likely be a net importer of both wheat and rapeseed next season. As such, conditions in the EU will go a long way to setting UK prices. Conditions in the EU are largely seen as positive, both against last year’s poor crops and against longer-term trends. But, it remains too early to give a true yield indication.
13 July 2021
Global grain prices have been relatively stable since mid-January because markets are waiting for more insight into the South American maize crops.
13 July 2021
The March world supply and demand estimates report (WASDE) released yesterday was met with a passing glance by grain markets. The report was slightly bearish in its sentiment with minor changes made ahead of the April WASDE and the US grain stocks report at the end of the month.
13 July 2021
Direct payments as part of the basic payment scheme (BPS) are set to phase out from this year. First year reductions are to be felt most by the largest recipients, though direct payments have played a considerable role for many farm businesses.
13 July 2021
In February, I examined the fall in crude oil values in 2020. This examined what this meant for red diesel prices for the rest of this season. But, since then Brent crude oil prices (nearby) now near 14 month highs.
13 July 2021
The latest cereal usage statistics were published today and show usage across all sectors for January 2021. The values published are not directly comparable with figures from January 2020. This is due to January 2020 being a five-week statistical month, whilst January 2021 is only a four-week month.
13 July 2021
As we look to 2021/22, we are set for a year of tight supply and demand in the UK. As we flagged with the release of the Balance Sheet, we are still set for a small deficit once 2020/21 exports are taken into account.
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13 July 2021
Last Friday, delivered rapeseed prices (May 21, Erith) were quoted at £429.50/t up £17.50/t on the week.
13 July 2021
New crop UK feed wheat futures are now pricing to limit exports in the 2021/22 season. This is because UK supply and demand could be tight again next season, unless we get bumper yields.