Independent Agri Commodity Insights
UK wheat has traded in a narrow £1.50/T range since last Thursday on the May-19 LIFFE futures contract amid a lack of fresh news and despite the Sterling reaching its highest level against the euro since the end of May 2017 last Friday. However due to this week’s Commons vote…
The concept of ‘marketing’ grain in the UK is a relatively new one; many farmers have seen grain selling as part of farming that has to be done, but as the reality sets in that market volatility is here to stay, many farmers are looking to upskill. As markets become…
Since the beginning of the 2018/19 marketing season started at plantings in October 2017, LIFFE feed wheat prices have traded in a range between ~£140 and ~£195 on the front month expiry, with an average of ~£159/T and a median price of ~£167/T. Since the 2018 summer spike when May-19…
Weeks of dry, hot weather have resulted in reduced wheat output in key producing/exporting regions in 2018 including Europe, the Black Sea, Australia and Canada. Although the full extent in Australia is still unknown, the final production figure will be highly likely to be lower than the current USDA’s 18.5MMT…
Despite a staggering 12-session rally on matif rapeseed which propelled the Feb-19 Matif futures contract to a 2-month high in euro terms, our domestic values were only rising timidly due to a strong rally in the Sterling. According to Dow Jones news, the EU-UK divorce terms could be agreed as…