Contents tagged with Grain Market Daily

Further rapeseed price support from biodiesel tariffs: Grain Market Daily

13 July 2021

Further rapeseed price support from biodiesel tariffs: Grain Market Daily

Rapeseed prices could be set for support following the decision of the European Union to impose import duties on Indonesian biodiesel. The increase in duty on the fuel could result in a switch in demand to biodiesel produced using other vegetable oils.
US maize crashes on WASDE release: Grain Market Daily

13 July 2021

US maize crashes on WASDE release: Grain Market Daily

Yesterday’s WASDE release saw an upward revision to US maize estimates in stark contrast to industry estimates which expected a lower value from July’s release.

Manic or mundane Monday? – USDA report incoming: Grain Market Daily

13 July 2021

Manic or mundane Monday? – USDA report incoming: Grain Market Daily

Monday could signal the end of the recent spate of maize led volatility, or could kick it into a whole other gear. Over the last three and a bit month’s global grain volatility has been heavily dictated by uncertainty over the US maize production number.
French wheat crop drags on UK prices: Grain Market Daily

13 July 2021

French wheat crop drags on UK prices: Grain Market Daily

Yesterday the French farm ministry upped its estimate of soft wheat production by a further 1.2Mt from its July estimate. The ministry now forecast French production to reach 38.2Mt, up 12% year-on-year, the largest French soft wheat crop since 2015 (EU commission – 40.9Mt).

What's weighing on European oilseed prices? Grain Market Daily

13 July 2021

What's weighing on European oilseed prices? Grain Market Daily

European wheat markets moved down yesterday. UK feed wheat futures (Nov-19) closed at £144.80/t, down £1.15/t since Friday.
UK winter barley harvest 49% complete: Grain Market Daily

13 July 2021

UK winter barley harvest 49% complete: Grain Market Daily

Up to 30th July, 31% of the oilseed rape crop had been harvested.
Sterling support for oilseed rape: Grain Market Daily

13 July 2021

Sterling support for oilseed rape: Grain Market Daily

UK feed wheat continued to track upwards yesterday although only marginally. From Monday’s close UK feed wheat futures (Nov-19) increased a further £0.25/t to close yesterday at £148.75/t. Paris milling wheat (Dec-19) also climbed yesterday, closing at €181.50/t, a rise of €1.00/t.

Wheat price spikes on sterling weakness: Grain Market Daily

13 July 2021

Wheat price spikes on sterling weakness: Grain Market Daily

The value of sterling has fallen to its weakest point against the dollar for more than two years ahead of a week of key economic data. Weakness in the value of sterling will act to support the value of UK agricultural products.
Global weather impacts: Grain Market Daily

13 July 2021

Global weather impacts: Grain Market Daily

European wheat markets have seen little movement this week. UK feed wheat futures (Dec-19) have traded within a £0.75 range from £146.25/t to £147.00/t since Monday. Paris milling wheat markets have traded between €179.25/t and €180.75/t at close yesterday. US grain markets have also been following a similar sideways trend. Chicago maize (Dec-19) traded within a $1.87 band and Chicago wheat (Dec-19) traded within $3.30 from Monday to yesterdays close. With cereal harvest underway in the northern hemisphere, yield and quality reports will be monitored closely to readjust any forecast currently in place.
June survey and BPS discrepancies, a first look: Grain Market Daily

13 July 2021

June survey and BPS discrepancies, a first look: Grain Market Daily

Today has seen Defra release the latest update to the Basic Payment Scheme planted area dataset that was first released a year ago. The dataset looks specifically at land use including grassland but we’re concentrating on the main crop areas in England only.
Is maize supply a concern? Grain Market Daily

13 July 2021

Is maize supply a concern? Grain Market Daily

Global grain markets remained relatively flat yesterday with no real change in fundamentals affecting the markets.

Global wheat harvest focus: Grain Market Daily

13 July 2021

Global wheat harvest focus: Grain Market Daily

As we move through July and into August progress of global wheat harvests becomes increasingly important to price direction.

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