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Contents tagged with Grain Market Daily
16 June 2020
In response to the continued dry weather through May, the EU’s Crop Monitoring (MARS) service has further downgraded its forecasts for UK crop yields, including spring barley.
12 June 2020
US wheat markets fell to a 3-week low at close yesterday and imposed pressure on global and UK wheat markets to follow. Global wheat season-end stocks and US wheat production estimates were raised in the USDA’s world supply and demand estimates (WASDE) released yesterday.
10 June 2020
New crop delivered milling wheat premiums (North West) have recently extended to their widest point over new crop feed futures, in June, since 2011/12.
9 June 2020
The latest crop development report released last month does not pose much confidence for UK rapeseed in 2020/21.
5 June 2020
UK feed wheat futures prices have been variable over recent weeks, at least in part due to uncertainty over the impact of unfavourable weather on crops in Europe and the Black Sea region.
4 June 2020
Barley usage for the brewing, malting and distilling sector in April was just 114.7kt. This is the lowest figure in over a decade.
3 June 2020
As we move towards harvest 2020, the value of imported grains and oilseeds will play a key role in setting the price of domestic supplies, the value of imported maize will prove pivotal to setting values in feed markets.
2 June 2020
Planting figures for US maize and soyabean crops were slightly below market pre-release estimates, according to Monday’s US crop progress report. Progress has slowed from the rapid pace seen at the start of the season, but remains above the five-year average (2015-19).
29 May 2020
Higher UK wheat supplies due to a large production year and relatively stable demand, combined with our export campaign slowing considerably post October have resulted in a large increase in closing stocks.
28 May 2020
During our barley week last week, we highlighted the increase in trade tensions between China and Australia, with the former potentially imposing a $74/t tariff on imports of Australian barley. This offers a high degree of price risk for domestic barley, particularly given the significant export volumes expected from the UK next year.
27 May 2020
News of countries beginning to ease lockdown measures has enabled vegetable oil prices to show some signs of recovery. UK rapeseed prices have benefitted from both this rise in Paris futures and a weakening GBP/EUR exchange rate.
22 May 2020
In the latest ADAS Crop Condition report, 26% of winter wheat is rated ‘very poor’ or ‘poor’, this is a considerably large increase from last year when it was 5%.