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Contents tagged with Grain Market Daily
28 August 2020
The International grain council (IGC) released their most recent global forecasts for 2020/21 yesterday (27 August).
27 August 2020
It’ll be no surprise to anyone that we are currently experiencing unprecedented circumstances in terms of wheat production in the UK. It is highly anticipated, as I mentioned last week, that the UK wheat crop will be the smallest since 1982, and potentially lower than that.
28 August 2020
It’s slightly surprising, and against logical thought, that the price of wheat does not translate directly and proportionately to the price of bread
25 August 2020
Maize is likely to continue to influence global and so UK wheat prices this week, as more questions are raised over maize crop sizes in the US and Europe.
21 August 2020
The provisional results of Defra’s June 2020 survey show sharp drops in the areas of winter crops in England compared to June 2019.
30 April 2024
We know this year that rapeseed crops are looking tight, not only in the UK but across the EU and Ukraine. As such, the EU market is likely to be dominated by imported rapeseed/canola from Australia and Canada, as well as imports of other oilseeds. One oilseed which we need to be aware of, and which could play an increasing role in the determination of EU and subsequently domestic oilseed prices, is sunflowerseed.
18 August 2020
UK wheat futures (Nov-20) closed at £165.50/t yesterday, an increase of £4.25/t on the previous Monday. Markets opened this morning at £165.85/t and are currently up slightly.
17 August 2020
A large derecho storm swept across the Midwest of the US on Monday, there are reports that this has adversely affected over 4Mha of arable land in Iowa, as the powerful inland hurricane tore across several states, reporting to have flattened a significant proportion of the much anticipated maize crop.
13 August 2020
With England and Scotland wheat production likely to be sub-10.2Mt, and despite opening stocks around 3.4Mt, we are facing a pretty significant deficit. In theory, we could make up much of this shortfall with imported wheat or maize. This season, in the wake of coronavirus capping ethanol demand, maize is exceedingly cheap. As a result the hole in grain for animal feed, ethanol and distilling will more than likely be filled by imported maize. This increased demand for maize is exacerbated by the tariffs set to be applied to wheat imports from January, whilst maize can be imported tariff free.
12 August 2020
With another season requiring a large domestic barley export campaign, volumes moving off farm will need to pick up to avoid a surplus overhanging domestic markets.
11 August 2020
This week, Wednesday at 5pm, the USDA will release its first forecast of the 2020 US maize yield based solely on crop conditions in its World Supply and Demand Estimates (WASDE).
7 August 2020
Yesterday AHDB published the latest cereal usage statistic for both GB animal feed and UK human and industrial uses, which was the last month of data for the 2019/20 season.