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Contents tagged with Grain Market Daily
10 August 2021
A key part of recent price support has been the unfavourable weather in the US and Canada. Hot and dry conditions across the high plains and parts of the Midwest have seen soil moisture plummet and crops suffer.
6 August 2021
Total barley usage for 2020/21 amounted to 1.71Mt. This was down 3.2% from 2019/20 and 8.3% below the 5-year average pre-Covid (2014/15-2018/19). At the end of 2020/21, usage looks to be near pre-Covid levels.
5 August 2021
This morning, full season usage statistics were published for both animal feed (including integrated poultry units) and the human and industrial sector. It is no surprise that usage of wheat was down across the board, echoing the estimates of the AHDB balance sheets.
4 August 2021
Canadian canola prices have felt on-going support since the start of 2021.
3 August 2021
UK feed wheat futures are at a widening discount to Paris futures as the Paris Dec-21 contract rises above its May peak.
30 July 2021
Today, AHDB published the first harvest report of the 2021/22 season. This report gives how harvest is progressing, plus initial indications as to yields and quality.
28 July 2021
In recent weeks, parts of Europe have seen heavy rainfall causing floods. Despite this, EU yield forecasts remain above the 5-year average according to the latest EU crop monitoring (MARS) report.
27 July 2021
With the barley harvest progressing well, it won’t be long before attention starts to turn to the winter wheat crop. Until the crop is cut there will be a wide degree of uncertainty over quality.
23 July 2021
Global grain harvests are slowly gaining momentum, but there’s still little clarity on total supplies for this season.
21 July 2021
As we know Chinese purchases have supported the gains. But, if we look forward a couple months, are Chinese fundamentals different to a year ago?
20 July 2021
Seasonally, we’d expect to see an element of price pressure as Northern Hemisphere wheat harvests start, but currently we are experiencing quite the opposite.
16 July 2021
This week has seen the release of three key forecasts for Russian wheat production from the USDA, SovEcon and IKAR. All three reports have begun to walk the Russian wheat crop lower.