Contents tagged with Grain Market Daily

US winter wheat crop struggles while spring plantings progress: Grain market daily

19 April 2023

US winter wheat crop struggles while spring plantings progress: Grain market daily

On top of concerns regarding the future of the export corridor deal in Ukraine, a key driver of global wheat markets this week has been reports of poor US winter crop conditions, with an ongoing drought in some key producing regions.

UK produced AN falls back below £500/t, but how low can it go? Grain market daily

18 April 2023

UK produced AN falls back below £500/t, but how low can it go? Grain market daily

In March, UK produced ammonium nitrate (AN) (34.5% N) for spot delivery averaged £465/t, according to the latest AHDB GB fertiliser prices. March’s average is down £166/t on the month and £374/t lower than levels recorded in March 2022. That said, the latest price remains £181/t higher than levels recorded in in March 2021 – pre-war times.

UK barley exports into the EU holding firm pace: Grain market daily

14 April 2023

UK barley exports into the EU holding firm pace: Grain market daily

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.

Analyst Insight: Defra’s Nature Markets Framework, what you need to know.

14 April 2023

Analyst Insight: Defra’s Nature Markets Framework, what you need to know.

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.
Argentinian maize and soyabean production cut further in latest WASDE: Grain market daily

12 April 2023

Argentinian maize and soyabean production cut further in latest WASDE: Grain market daily

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.

The UK will not be over supplied with Malaysian palm oil: Grain market daily

11 April 2023

The UK will not be over supplied with Malaysian palm oil: Grain market daily

As outlined last week, there is an agreement in principle for the UK to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).

Maize market explainer: Grain market daily

5 April 2023

Maize market explainer: Grain market daily

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.
Could rapeseed prices drop further? Grain market daily

4 April 2023

Could rapeseed prices drop further? Grain market daily

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.
GB crop update - potential to yield well with some watchpoints: Grain market daily

4 April 2023

GB crop update - potential to yield well with some watchpoints: Grain market daily

Today, the latest crop development report has been released, with condition scores as at 28 March 2023.

Further cuts to animal feed, but increased wheat export prospects in latest UK S&D: Grain market daily

12 September 2024

Further cuts to animal feed, but increased wheat export prospects in latest UK S&D: Grain market daily

Earlier today, AHDB published the March UK supply and demand estimates for wheat, barley, maize and oats for the 2022/23 season.

Have you thought about marketing harvest 2024? Grain market daily

29 March 2023

Have you thought about marketing harvest 2024? Grain market daily

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.
Has wheat found its floor? Grain market daily

28 March 2023

Has wheat found its floor? Grain market daily

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.

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