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Contents tagged with Grain Market Daily
26 April 2024
The path of currency has been pivotal to the value of domestic agricultural prices in recent weeks. The 4.4% devaluation in the value of sterling against the dollar between 1 Sep and 11 Sep, pushed UK feed wheat futures (nearby) up £7.65/t.
15 September 2020
Yesterday, Statistics Canada released their revised crop production estimates. The release estimated total wheat production at 34.1Mt an increase of 5.6% year-on-year, but 1.6Mt down on last month’s estimate.
11 September 2020
In this article I want to discuss what the future could potentially hold for markets of wheat, barley and oilseed rape.
11 September 2020
Lower yields mean that costs per tonne will be higher for spring barley, winter wheat and oilseed rape (OSR) despite some lower input costs in the last 12 months.
16 September 2020
Winter milling wheat returns the top crop (of those looked at) on a gross margin basis, with feed wheat dropping one place to third. This would suggest that there is, unsurprisingly, a strong incentive to plant wheat for harvest 2021, and ups the likelihood of an increased area.
11 September 2020
The GB wheat area for harvest 2020 is expected to be the lowest in over 40 years. The extremely wet weather last autumn significantly limited the area sown to all winter crops. However, current expectations are for the area planted to wheat for harvest in 2021 to rebound.
8 September 2020
The survey quality results will help to quantify concerns around the true impact of the challenging weather in 2019/20 on the UK wheat and barley crops. With reduced availability for cereal grains this season, imports are required to meet the deficit. Though lower quality levels seen in milling and malting samples so far, could exacerbate this import requirement.
4 September 2020
The release of the latest AHDB usage data has shown that poultry feed production was the only animal feed sector to decline on the year in July.
3 September 2020
We often talk about the relationship between rapeseed and soyabean prices in Grain Market Daily, because soyabeans represent almost 87% of the world’s export trade in oilseeds. This means soyabean supply, demand and prices impact rapeseed prices.
2 September 2020
UK futures are not moving independently, and the recent surge in UK and Paris futures has been heavily dictated by movements in US markets. Exports from the US of wheat, maize and soyabeans to China and the rest of the world have been strong in recent weeks, with the demand drive outweighing the supply picture.
28 August 2020
The International grain council (IGC) released their most recent global forecasts for 2020/21 yesterday (27 August).
27 August 2020
It’ll be no surprise to anyone that we are currently experiencing unprecedented circumstances in terms of wheat production in the UK. It is highly anticipated, as I mentioned last week, that the UK wheat crop will be the smallest since 1982, and potentially lower than that.