Contents tagged with Grain Market Daily

Old crop support and new crop pressure, mixed signals for UK grain: Grain Market Daily

13 July 2021

Old crop support and new crop pressure, mixed signals for UK grain: Grain Market Daily

Further mixed messages for global grain markets were released in yesterday’s USDA crop progress report, with additional supportive factors for the current crop year, but a somewhat bearish tone for new crop wheat.
UK Nov-20 wheat futures gain over the month: Grain Market Daily

13 July 2021

UK Nov-20 wheat futures gain over the month: Grain Market Daily

Looking into next year, global wheat futures for harvest 2020 will help to provide insight into the potential route wheat prices may take over the next twelve months.

What is driving rapeseed prices higher? Grain Market Daily

13 July 2021

What is driving rapeseed prices higher? Grain Market Daily

Since last Monday (21 October) Paris rapeseed futures (May-20) have generally followed an upward trend, gaining €5.25/t, to close yesterday at €379.75/t. The recent rise has been driven by support in other vegetable oil markets.
Delayed winter planting reducing the UK discount: Grain Market Daily

13 July 2021

Delayed winter planting reducing the UK discount: Grain Market Daily

Delayed and disrupted winter wheat planting has heightened concerns for the 2020/21 harvest and moved UK feed wheat futures higher, up £6.05/t over the last week.
Pressured domestic market widens spread to May: Grain Market Daily

13 July 2021

Pressured domestic market widens spread to May: Grain Market Daily

In yesterday’s market commentary we briefly touched upon the spread between May-19 and Nov-20 UK feed wheat futures. At yesterday’s close the spread had widened further to £10.00/t, comfortably the largest gap between November and May contracts for this time of year over the past 10 years.
Why aren't UK wheat futures following US trends? Grain Market Daily

13 July 2021

Why aren't UK wheat futures following US trends? Grain Market Daily

UK feed wheat futures (Nov-19) increased £0.30/t from Monday to close yesterday at £135.40/t. At 11.30am Nov-19 futures were up £1.60/t at £137.00/t.
Oilseed rape prices under pressure: Grain Market Daily

13 July 2021

Oilseed rape prices under pressure: Grain Market Daily

Oilseed rape prices have come under increasing pressure throughout October. Yet with the fundamentals for a tight supply and demand outlook, why have domestic prices (delivered Erith) fallen by £17.50/t during October
Australian wheat woes worsen: Grain Market Daily

13 July 2021

Australian wheat woes worsen: Grain Market Daily

A forecast of Australian wheat production from National Australia Bank limited has pegged output at 15.5Mt, the latest forecast is 4.5Mt below the bank’s forecast from last month, and 2.5Mt below the latest USDA estimate.
US maize crop falls further behind amid cold weather: Grain Market Daily

13 July 2021

US maize crop falls further behind amid cold weather: Grain Market Daily

The latest USDA crop progress report was released yesterday. US maize harvest progress was slower than pre-report market polls anticipated.
UK cereal markets need to remain export competitive: Grain Market Daily

13 July 2021

UK cereal markets need to remain export competitive: Grain Market Daily

As October is fast drawing to an end, and what is a very uncertain November fast approaching, ex-farm sales of wheat and barley for next month have remained minimal.
What’s in the WASDE? Maize yields up, soy down: Grain market daily

13 July 2021

What’s in the WASDE? Maize yields up, soy down: Grain market daily

The cuts to US maize production in yesterday’s WASDE release were not as great as average trade expectations.

Full provisional Defra crop production estimates

13 July 2021

Full provisional Defra crop production estimates

Defra’s provisional production estimates for winter and spring barley at 8.180Mt were higher than market expectations.

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