30 April 2024

Will soya and sunflowers cap rapeseed price potential? Grain Market Daily

We know this year that rapeseed crops are looking tight, not only in the UK but across the EU and Ukraine. As such, the EU market is likely to be dominated by imported rapeseed/canola from Australia and Canada, as well as imports of other oilseeds. One oilseed which we need to be aware of, and which could play an increasing role in the determination of EU and subsequently domestic oilseed prices, is sunflowerseed.

18 August 2020

How global grain prices have reacted to US storm damage: Grain Market Daily

UK wheat futures (Nov-20) closed at £165.50/t yesterday, an increase of £4.25/t on the previous Monday. Markets opened this morning at £165.85/t and are currently up slightly.

17 August 2020

Why have markets rallied while US crop estimates grow? Grain Market Daily

A large derecho storm swept across the Midwest of the US on Monday, there are reports that this has adversely affected over 4Mha of arable land in Iowa, as the powerful inland hurricane tore across several states, reporting to have flattened a significant proportion of the much anticipated maize crop.

13 August 2020

Analyst Insight: Maize more important than ever to wheat prices in 2020/21

With England and Scotland wheat production likely to be sub-10.2Mt, and despite opening stocks around 3.4Mt, we are facing a pretty significant deficit. In theory, we could make up much of this shortfall with imported wheat or maize. This season, in the wake of coronavirus capping ethanol demand, maize is exceedingly cheap. As a result the hole in grain for animal feed, ethanol and distilling will more than likely be filled by imported maize. This increased demand for maize is exacerbated by the tariffs set to be applied to wheat imports from January, whilst maize can be imported tariff free.

12 August 2020

UK barley facing a large export campaign: Grain Market Daily

With another season requiring a large domestic barley export campaign, volumes moving off farm will need to pick up to avoid a surplus overhanging domestic markets.

11 August 2020

US maize yields in focus ahead of WASDE: Grain market daily

This week, Wednesday at 5pm, the USDA will release its first forecast of the 2020 US maize yield based solely on crop conditions in its World Supply and Demand Estimates (WASDE).

7 August 2020

How will the 2019/20 usage figures affect closing stocks? Grain Market Daily

Yesterday AHDB published the latest cereal usage statistic for both GB animal feed and UK human and industrial uses, which was the last month of data for the 2019/20 season.

6 August 2020

Malting barley demand down 29% year on year in June: Grain market daily

In June 2020 UK brewers, maltsters and distillers used 116.9Kt of barley, according to AHDB’s latest statistics on cereals usage, 29% less than June 2019.

28 August 2020

Maize imports set to dominate UK cash prices: Grain Market Daily

The latest EU Commission trade data shows the UK imported, 57.54kt of non-EU maize in July. There’s much more to come…

4 August 2020

Rapeseed imports for EU-27 + UK off to a slow start: Grain Market Daily

Rapeseed imports into the EU27 + UK are off to a slow start this season, in a year where the trading bloc faces another 6.0Mt import requirement. Difficult sowing conditions, coupled with extended periods of dryness, have hit production estimates for much of the continent.

31 July 2020

GB OSR and winter barley yields down sharply: Grain market daily

AHDB’s first harvest progress report of 2020 points to yields of both GB winter oilseed rape and winter barley being sharply down on both last year and the five year average.

29 July 2020

Black Sea wheat moves markets lower, but spring wheat a watch point: Grain Market Daily

This season, like most seasons in recent history, Black Sea grain supplies will be pivotal to the direction of global markets. Adjustments to production estimates from the Black Sea regions set the tone for domestic and international prices, especially in a year when other Northern Hemisphere producers, most notably the US, EU and Ukraine, are set for smaller wheat production.

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