Independent Agri Commodity Insights
Cereals Wheat prices exploded today amid further concerns regarding the quality of the Black Sea crop and further reductions in the 2018 EU soft wheat production which is now seen below 130MMT, a 6-yr low, according to French analysts Strategie Grains. Both LIFFE and Matif wheat futures jumped more than 2.7% and posted fresh contract highs for a…
Cereals Wheat continued higher today as harvest across the UK and northern Europe gathers pace and the impacts of drought are revealed. Crops conditions in the US for corn have improved for the 2 key ‘I’ states ie Iowa (17% of the nat. crop) and Illinois (15%) with respectively 79% & 82% of…
Cereals New week and new highs for EU wheat futures with the European Commission lowering its 2018 yield forecast due to the prolonged period of dryness across Europe and the Black Sea. The front month LIFFE feed wheat contract was up for a 3rd consecutive session and settled at its highest in more…
The UK feed barley harvest has made fast progress and yields have come off better than expected according to CRM Agri clients. Although the amount of US soybeans rated good to excellent fell this week by 2%, they remain 8% ahead of last year and production prospects continue to look…
Cereals Nov-18 wheat futures broke out to new highs following a week of gains supported by deteriorating crop conditions. Traders continue to watch for further declines in US crop conditions which will be a key catalyst for EU wheat prices to remain supported. Imports of corn into the UK remain…