Independent Agri Commodity Insights
After reaching a 7-week high of £166.45/T on May-19 LIFFE futures, UK feed wheat prices have come under pressure on both old and new crop in the wake of the US markets with Kansas and Minneapolis wheat futures having posted fresh contract lows. Rapeseed in central and western Europe continues…
Despite an uneventful USDA’s April WASDE report released last Tuesday, UK wheat snapped a 2-week losing streak and reached a 7-week high amid continued dryness in Europe and volatility in the Sterling. Following last summer’s historical drought across Europe and domestic flea beetle issues which resulted in poor establishment, the…
In the aftermath of a bearish USDA NASS Prospective Plantings report for US maize (corn) and volatility in the Sterling, old crop May-19 LIFFE feed wheat prices have remained in a tight £5/T range between £160/T and £165/T since mid-March. There is a renewed sense of optimism in the market…
In the wake of surprisingly bearish USDA reports, particularly for maize/ corn, EU wheat markets snapped a two-week winning streak after hitting a 1-month high last Tuesday of £165.05/T for May-19 LIFFE feed wheat. With the US quarterly stocks and prospective plantings report now out of the way, the market…
In a lack of fresh fundamental news, global wheat prices have continued to recover for a 2nd consecutive week amid weather issues in the US and looming risks in Europe and Australia where drought is ongoing. Rapeseed has now been brought to the centre of a diplomatic clash between China…