Drilling delays push up grain prices
The new-crop November 2020 Liffe feed contract is definitely pricing in a “poor” 2020 harvest…
Independent Agri Commodity Insights
The new-crop November 2020 Liffe feed contract is definitely pricing in a “poor” 2020 harvest…
In the wake of emerging global weather concerns in key exporting countries of grains, dissipating harvest pressure and export demand, UK wheat futures have continued to recover from their September lows for a third consecutive week. Physical wheat prices have also crept higher with bases improving, yet below the average…
EU wheat is set to post a sixth consecutive week of losses amid a sharp recovery in this year’s soft wheat production, particularly in France ie the largest producer/exporter of the bloc. As such, spot Euronext milling wheat has dropped below the 160€/T mark (~£143.50/T) for the first time since…
Brexit uncertainty, global depressed markets and harvest pressure continue to weigh heavily on domestic grain prices with the Nov-19 LIFFE feed wheat contract down for a third consecutive week and set to post its biggest monthly loss (10.5% or £15.50/T). After a frustrating start due to mid-August rain, last weekend’s…
UK wheat remains rangebound for now between £143/T and £150/T on the Nov-19 LIFFE feed wheat contract; awaiting further information from Russia where yields have been somewhat disappointing, yet the quality is excellent and we get confirmation of the good domestic wheat harvest. Rapeseed prices have seen ongoing support, gaining nearly…