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Contents tagged with Grain Market Daily
13 July 2021
With just 65 days until the UK leaves the European Union, the direction of sterling continues to drive the direction of UK grain and oilseed futures.
13 July 2021
The latest AHDB harvest report highlights that the winter barley and winter oilseed rape harvest are all but complete, at 98% and 95% respectively.
13 July 2021
Over the past few months the direction of US corn prices has been a significant focus for EU grain markets.
13 July 2021
Although the wheat harvest has been delayed by rain, by 13 August approximately 27% was complete
13 July 2021
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.
13 July 2021
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.
13 July 2021
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.
13 July 2021
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).
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13 July 2021
European wheat markets moved down yesterday. UK feed wheat futures (Nov-19) closed at £144.80/t, down £1.15/t since Friday.
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13 July 2021
Up to 30th July, 31% of the oilseed rape crop had been harvested.
13 July 2021
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.
13 July 2021
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.