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Contents tagged with Grain Market Daily
13 July 2021
Tonight the USDA release three reports that have historically influenced prices. These are the monthly world supply and demand estimates, US stocks as at 1 December and the area of winter wheat planted for harvest 2021.
13 July 2021
More rain is needed across many of the key maize and soyabean growing areas in South America.
13 July 2021
As we move into the New Year, grain markets have continued to rally. Since Monday, old crop UK feed wheat futures (May-21) have gained £3.90/t, closing yesterday at £204.90/t. Equally, new crop (Nov-21) futures have gained £3.50/t over the week so far, reaching £167.00/t yesterday.
13 July 2021
We are facing the third consecutive year of decline in OSR area. Area planted for harvest 2021 is forecast to be a further 18% lower than the harvest 2020.
13 July 2021
The release of the regional breakdown of the Early Bird Survey can help us provisionally forecast what the 2021/22 marketing year may entail for delivered premiums of milling and feed wheat.
13 July 2021
DEFRA released their final estimates for the 2020 UK crops yesterday and Alex gave an insight and overview into this data.
13 July 2021
This morning, DEFRA released their final estimates for the 2020 UK crop, updating the provisional figures published in October. Reductions have been seen for wheat, barley and oilseed rape production.
13 July 2021
The global maize market is a key factor driving global grains prices, including wheat. The latest maize forecasts show falling maize stocks, which could support grain prices as we head into 2021.
17 April 2024
Soyabean prices have helped rapeseed prices to rise recently but there could be a New Year risk to soyabean and so rapeseed prices.
13 July 2021
Due to rumours of Russia announcing an export tax from February 15 to June 30, last Friday we saw wheat markets rally. UK wheat futures (May-21) closed up £6.85/t on Thursday’s close, the market has since come down slightly again.
13 July 2021
With the end of the EU exit transition period looming ever closer, the situation for wheat trade is a concern for many. Under the proposed UK general tariff structure, UK importers would be faced with a tariff of £79/t to import wheat below a 14.6% protein.
13 July 2021
The USDA trimmed its forecasts for global stocks of wheat, maize and soyabeans at the end of the 2020/21 season yesterday. Yet, the price reaction was mixed.