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Contents tagged with Grain Market Daily
13 July 2021
UK milling wheat premiums (ex-farm UK, spot) currently sit ahead of the five year average, and are at the highest point they have been since the 2014/15 season. The recent rise has been driven by uncertainty about the size and quality of the new crop.
13 July 2021
New-crop UK feed wheat (Nov-20) remains at a large premium to Chicago maize (Dec-20), reaching £44.79/t on 27 February which could incentivise consumption of imported maize over domestic grains.
13 July 2021
European wheat markets took a hit on Monday which sustained into yesterday, amidst global market concern of the scale of the coronavirus. News of large production estimates for the Russian and Ukrainian wheat crop, further added to market pressure in a bleak week so far for wheat markets.
13 July 2021
Recently released Early Bird Survey (EBS) figures do not look promising for oilseed rape in the UK. At the end of last week Alex analysed a scenario outlook from the EBS data.
13 July 2021
This year is already one of the most challenging for growers in recent times and will be a memorable season for many number of years in the future.
13 July 2021
The latest Defra basics payments data was released this morning showing the total area of land eligible for direct payments in the 2019/20 cropping year for England. The data highlights some important and significant changes in crop areas relative to the Defra June Survey. Both surveys have their own statistical challenges, some of which were highlighted in David’s Grain Market Daily on Tuesday.
13 July 2021
In one of the biggest planting changes seen for many years, the area intended for spring wheat plantings has surged. Reports suggest large volumes of imported material has come into the UK to supplement domestic supplies.
13 July 2021
I may be paraphrasing Gordon Gekko when I say that information is the most valuable commodity. But it is true.
13 July 2021
Both old and new-crop UK wheat futures have risen since the rain began in September 2019.
13 July 2021
Both old and new-crop UK wheat futures have risen since the rain began in September 2019.
13 July 2021
Now that we have passed the halfway point for this current marketing year, it is worth taking a look at how exports have fared this season so far, and theoretically examining what the degree of carryover could be.
13 July 2021
Today’s extended GMD is focusing on the large volume of UK maize imports, large South American maize supplies and a big export campaign for Black Sea maize. It is likely that these factors will contribute to increased pressure for UK barley prices over the remainder of this season, with barley prices already fighting to stay competitive.