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Contents tagged with Grain Market Daily
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.
13 July 2021
UK feed wheat futures (May-20) closed flat yesterday, at £154.25/t. A continued weakening of the euro against the dollar has somewhat protected European markets from the further falls seen in global markets.
13 July 2021
Although we saw support for oil markets from 20th Jan after the shutting down of Libya’s oil pipeline, since then oil has reduced by 15.75% after the coronavirus outbreak in China.
13 July 2021
A lot of attention has been placed on the impact of coronavirus on markets in the past fortnight, and while this is very relevant at the moment, the impact can belie the long-term direction of markets
13 July 2021
As negotiations with the EU about our future trading relationship continue and provide certainty, the value of the pound may well receive increased support.
13 July 2021
Global agricultural markets continue to be affected by concerns surrounding the impact of coronavirus on Asian regions. UK feed wheat futures (May-20) closed at £151.75/t yesterday, down £3.50/t from 27 January.