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CRMAgriCommodities

UK wheat recovers from 2-month low

After falling to a near 2-month low last week, Nov-19 LIFFE feed wheat attempted to recover amid a struggling Sterling although the £149.50 mark still acts as a strong ‘technical resistance’. The Brexit saga continues with the ‘Boris vs Jeremy’ fight in full swing although the two Conservative opponents agreed…

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CRM AgriCommodities Market Review – 15th July 2019

After dropping to a near 2-month low of ~£143/T due to harvest progress in Europe last Wednesday, Nov-19 LIFFE feed wheat bounced back above its key 100-day moving average around £148.50/T with the USDA cutting its 2019 Russia wheat production forecast by more than expected. As expected, the controversial end…

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CRM AgriCommodities Market Review – 1st July 2019

Global markets have been following the US story closely and on Friday, the USDA released its acreage report which was probably one of the biggest statistical surprises for grain markets in recent history. Soybeans were underpinned by the USDA acreage report which showed an increase in the US planted area…

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CRM AgriCommodities Market Review – 24th June 2019

The grain rally started in mid-May has for now paused with the 2019 harvest gaining momentum over the next 10 days in the US, Europe and the Black Sea and as such, the ‘usual’ harvest pressure will start materialising sooner than later. Rapeseed has now embarked on a consolation phase…

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