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Contents tagged with Grain Market Daily
14 April 2023
Yesterday, HMRC published the latest UK trade data figures, with an update for grain imports and exports up to the end of February. As is well known, due to a large surplus of domestic feed wheat this season, the pace of wheat exports has been strong over the last few months.
14 April 2023
Recently, Defra released updates on how they plan to support farmers and land managers in confidently accessing private sector payments alongside public payments (e.g., the Environmental Land Management scheme), for providing environmental benefits in England.
12 April 2023
Yesterday, the USDA released their latest World Agricultural Supply and Demand Estimates (WASDE). With much of the market focus now on new crop conditions for next season’s production, the report didn’t result in any major market reactions.
11 April 2023
As outlined last week, there is an agreement in principle for the UK to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).
5 April 2023
Volatile wheat prices have certainly dominated news in recent weeks and months in grain markets. However, over the past few weeks we have been seeing a different movement in maize markets, with less significant falls than wheat.
4 April 2023
In March, old crop (May-23) Paris rapeseed futures lost over €50/t (1 to 31 Mar). Domestic prices also fell over the same period, with delivered rapeseed (into Erith, May-23) being quoted at £408.50/t last Friday (31 Mar), which was up £21.50/t on the week, but down from £466.00/t on 3 March.
4 April 2023
Today, the latest crop development report has been released, with condition scores as at 28 March 2023.
12 September 2024
Earlier today, AHDB published the March UK supply and demand estimates for wheat, barley, maize and oats for the 2022/23 season.
29 March 2023
There has been a change in the dynamics of our domestic market recently, with old crop futures trading at a discount to new crop prices.
28 March 2023
Following the analyst insight I wrote last Thursday, How low could wheat go?, old crop (May-23) wheat prices have come back above the £200/t mark, closing at £208/t yesterday, up £14/t from last Wednesday’s 15 month low.
24 March 2023
As mentioned in yesterday’s Analyst Insight, old crop wheat futures are dropping lower and lower.
22 March 2023
Since the start of March, Paris rapeseed (May-23) futures have lost €87.50/t (17%), to yesterday’s close at €441.00/t. So, what has been causing this pressure? Well, fundamentally rapeseed is well supplied globally, and demand concerns rumble on for oil and vegetable oil markets, considering recessionary and financial market concerns globally.