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Contents tagged with Grain Market Daily
25 March 2020
• The US government and senate have agreed a new stimulus package to try and reduce the impact of the coronavirus outbreak on the US economy. The $2 trillion dollar package which includes a raft of measures aimed at supporting the US economy still needs to go through congress but is viewed as a step in the right direction.
24 March 2020
There was still a degree of volatility yesterday for sterling, as markets continue to react to global news.
20 March 2020
Sterling was volatile throughout the day as various news and information emerged, with knock-on impacts for UK feed wheat futures.
19 March 2020
The pound continued to fall yesterday against the dollar, reaching lows not recorded since 1985, finishing the day at £1=$1.1613. At 9:30 this morning, the pound had fallen to £1=$1.1563.
18 March 2020
Driving the gains in UK and Paris wheat futures yesterday was yet again currency, a surge in the value of the dollar and subsequent loss in the value of the pound and euro, shielding the domestic market from the overall continued bearish global sentiment.
17 March 2020
The European association Coceral revised its 2020/21 cereal production estimates from initial forecasts last month in a report released yesterday.
13 March 2020
Global macro-economic worries continue to be the dominant factors driving market sentiment for not just oilseed but also grain markets.
12 March 2020
Sterling has fallen to its lowest level since November 2019, following an emergency cut to UK interest rates. The cut by 50 basis points has been carried out by the Bank of England with the hope of reviving the UK economy amid Covid-19 fears.
11 March 2020
January wheat exports stand at 50.3Kt, with non-EU exports of 13.3Kt.
11 March 2020
UK markets are being driven by just two factors, global outlooks and domestic currency, both with potentially bearish long-term implications.
10 March 2020
Yesterday was a hard-hitting day for global commodities. We saw Brent crude oil futures trade at its lowest since 2016.
6 March 2020
GB compound feed production so far this season is down from 2018/19 due to reduced requirements by the cattle sector.