Tuesday, 13 October 2020
- Old crop UK feed wheat futures (Nov-20) lost £2.50/t yesterday to close at £182.50/t, not helped by a strengthening sterling.
- However, old crop Chicago and Paris (Dec-20) wheat futures both continued to firm yesterday, up $0.19/t to $218.33/t and up €0.50/t to €200.75/t respectively. Prices have been underpinned by dryness concerns in key US regions and the Black Sea.
- France’s farm ministry have cut its 2020 estimates for maize, wheat and barley compared with previous estimates, driven partly by dry conditions during the summer.
Grain Market Outlook Conference live today!
Come and listen to this year’s Grain Market Outlook conference which is taking place by webinar at 10:30am this morning. Click here for more information.
2020 has been a challenging year for the arable sector, with a sharply lower planted area, as well as the impacts of a global pandemic. Moving into 2021 and a longer term view on the volatility of domestic and global markets is needed more than ever.
This morning’s hour long session will be led by Vikki Campbell, James Webster and Helen Plant. It will be focussed on the main drivers of old-crop and new-crop grains and oilseed markets and will cover all of the usual topics and detail that we have provided in previous conferences.
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