Independent Agri Commodity Insights
For a second consecutive week, domestic prices remained pretty static on both old and new crop with the former trading above £160/T spot and the latter around £140 for Nov-19 movement. Top spec milling wheat is still in good demand with premiums standing at/close to their campaign highs. Further Brexit…
Since the recent wet episode which resulted in a welcome 40+mm of rain between Mar 1st and 15th in East Anglia, dry weather has been holding its grasp across most of England and the forecasted rains seem to be pushed back pretty much on a daily basis. As a result,…
After falling for 5 straight weeks and hitting fresh contract lows on March 11th, Chicago wheat is bouncing back sharply over fund short-covering triggered by weather issues and trade optimism. The long-awaited US-China trade deal which according to US President Trump is finally ‘coming along nicely’ has pushed speculators to…
Matif wheat has finally snapped a 6-week losing streak, bouncing off a near 9-month low, amid renewed export optimism with some questioning if a seasonal low was scored at the beginning of the week ahead of the weather market and with fund positions so short. Major importers, particularly northern African…
EU wheat has remained rangebound this week amid a lack of fresh news and despite sluggish exports which stand about 26% down on last year at 9.4MMT, according to the European Commission. With operators staying on the sidelines ahead of important updates coming from the USDA on Friday, Matif wheat…