More rain needed soon?

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,…

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Grains recover on fund short-covering

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…

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EU wheat gains momentum

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…

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Brexit, here we go again

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…

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