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Contents tagged with Grain Market Daily
17 March 2020
The European association Coceral revised its 2020/21 cereal production estimates from initial forecasts last month in a report released yesterday.
13 March 2020
Global macro-economic worries continue to be the dominant factors driving market sentiment for not just oilseed but also grain markets.
12 March 2020
Sterling has fallen to its lowest level since November 2019, following an emergency cut to UK interest rates. The cut by 50 basis points has been carried out by the Bank of England with the hope of reviving the UK economy amid Covid-19 fears.
11 March 2020
January wheat exports stand at 50.3Kt, with non-EU exports of 13.3Kt.
11 March 2020
UK markets are being driven by just two factors, global outlooks and domestic currency, both with potentially bearish long-term implications.
10 March 2020
Yesterday was a hard-hitting day for global commodities. We saw Brent crude oil futures trade at its lowest since 2016.
6 March 2020
GB compound feed production so far this season is down from 2018/19 due to reduced requirements by the cattle sector.
4 March 2020
A drop in sterling means that the €5.00/t rise seen in Paris rapeseed futures (May-20) from Friday to Tuesday equates to £8.95/t. Support is coming from proposals of OPEC cutting collective oil production by 1M barrels per day.
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.