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Contents tagged with Grain Market Daily
10 August 2022
UK feed wheat futures continue to move sideways this week.
9 August 2022
Last Thursday, the Bank of England (BoE) raised interest rates by 0.5% to 1.75%, the highest level since the start of 2009.
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5 August 2022
This is the second harvest report of the 2022/23 season and covers the beginning of harvest up to 02 August 2022. This report uses data from all 10 reporting regions. Harvest is nearly complete for winter barley and winter oilseed rape (WOSR) giving confidence in the data presented.
3 August 2022
In recent weeks, UK natural gas prices have been rising to levels not seen since March. Why? Rising natural gas prices have been fuelled by the squeeze in Russian gas supplies and increased EU demand.
2 August 2022
Yesterday, there were multiple stories pressuring grain and oilseed markets. The main one being that the first ship carrying Ukrainian grain left the port of Odessa. The first since 24 February 2022.
29 July 2022
Northern hemisphere wheat harvests are currently progressing. Within the next few weeks there should be clearer understanding of global wheat supplies for the 2022/23 marketing year.
27 July 2022
Yesterday, we saw some renewed support across UK feed wheat contracts. These gains followed the movements in wider global grain markets. Below I run through some key market drivers this week and watchpoints going forward.
26 July 2022
The European Commission has sharply reduced its yield forecast for maize and other summer crops, following prolonged hot and dry weather conditions in the bloc during 1 June – 18 July.
22 July 2022
The dry weather has enabled farmers to make a good start to the winter barley and winter oilseed rape harvest in Southern and Eastern regions of England. Winter barley harvest progress has been exceptionally rapid with 69% of the English, Welsh and Scottish harvest already complete. The next earliest harvest was 2006, where 45% was complete by week 2.
21 July 2022
With hot dry conditions across much of the Northern Hemisphere, cereal harvest is progressing quickly.
20 July 2022
With supply deficits of wheat in parts of the world for 2022/23, it is expected that there will be stronger global demand for European new crop.
19 July 2022
While wheat prices have been coming down over the past few weeks, from the peaks recorded when the conflict began in the black sea, UK milling wheat premiums have remained historically high.