Independent Agri Commodity Insights
Daily Markets Rainfall in key Black Sea production areas which has eased some yield concerns. Crop plantings in the US are nearing completion, and emergence is also currently above average at 78%, far ahead of last year’s figure of 42%. The condition scores for the US corn crop have also…
The Black Sea plays an important part in the global wheat market and will likely become the global reference market for wheat in the future as yields and export capacity continue to grow. The below infographic highlight the key wheat producing regions, exports as a percentage of world export as…
USDA wheat overview: The initial outlook for 2020/21 international wheat is for larger supplies, increased trade, greater consumption, and higher ending stocks. Foreign supplies are projected to increase 23.2 million tons to 982.4 million as several major exporters (Argentina, Australia, Canada, and Russia) are projected to have…
Even if Europe is apparently no longer the epicentre of the COVID-19 outbreak, logistical disruptions, panic buying and currency swings are still ongoing across the bloc with unprecedented measures taken at a state level rather than at a unified EU level. Coupled with prevailing dryness across the Black Sea and…
In an effort to stabilise equity markets and keep afloat the UK economy amidst the COVID-19 crisis, the Bank of England and the British government have taken ‘unprecedented measures’. The BofE decided to cut its interest rates to 0.1% last Thursday and announced £200Bn of asset purchases. One day later,…