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Contents tagged with Grain Market Daily
13 July 2021
In yesterday’s market commentary we briefly touched upon the spread between May-19 and Nov-20 UK feed wheat futures. At yesterday’s close the spread had widened further to £10.00/t, comfortably the largest gap between November and May contracts for this time of year over the past 10 years.
13 July 2021
UK feed wheat futures (Nov-19) increased £0.30/t from Monday to close yesterday at £135.40/t. At 11.30am Nov-19 futures were up £1.60/t at £137.00/t.
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13 July 2021
Oilseed rape prices have come under increasing pressure throughout October. Yet with the fundamentals for a tight supply and demand outlook, why have domestic prices (delivered Erith) fallen by £17.50/t during October
13 July 2021
A forecast of Australian wheat production from National Australia Bank limited has pegged output at 15.5Mt, the latest forecast is 4.5Mt below the bank’s forecast from last month, and 2.5Mt below the latest USDA estimate.
13 July 2021
The latest USDA crop progress report was released yesterday. US maize harvest progress was slower than pre-report market polls anticipated.
13 July 2021
As October is fast drawing to an end, and what is a very uncertain November fast approaching, ex-farm sales of wheat and barley for next month have remained minimal.
13 July 2021
The cuts to US maize production in yesterday’s WASDE release were not as great as average trade expectations.
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13 July 2021
Defra’s provisional production estimates for winter and spring barley at 8.180Mt were higher than market expectations.
13 July 2021
EU imports of rapeseed have hit record levels this season as the continent tries to meet its import requirements.
13 July 2021
Wheat production at 16.283Mt has come as little surprise given the yields recorded and crop prospects. Yet this does cement the export requirement and ongoing need for UK markets to be globally competitive for the foreseeable future.
13 July 2021
Although the UK is facing a greater supply, domestic demand so far in 2019/20 has reduced
13 July 2021
On Tuesday we published the second provisional results of the Cereal Quality Survey. The results are now beginning to reflect some of the challenges facing the industry with this year’s wheat crop.