Independent Agri Commodity Insights
The 2019 EU wheat and barley harvests are in full swing across Europe with – so far – limited impact from the June’s heatwave in the western part of the continent. The French wheat harvest progress is approaching 50% and a 39+MMT crop is now being discussed with ‘exceptional’ yields…
In the wake of a promising domestic 2019 grain harvest and a lack of fresh news from the maize market, Nov-19 LIFFE feed wheat continued lower for a 3rd consecutive week on Friday ie its longest losing streak in 6 months. As harvest pushes forward across Europe and the Black…
After falling to a near 2-month low last week, Nov-19 LIFFE feed wheat attempted to recover amid a struggling Sterling although the £149.50 mark still acts as a strong ‘technical resistance’. The Brexit saga continues with the ‘Boris vs Jeremy’ fight in full swing although the two Conservative opponents agreed…
After dropping to a near 2-month low of ~£143/T due to harvest progress in Europe last Wednesday, Nov-19 LIFFE feed wheat bounced back above its key 100-day moving average around £148.50/T with the USDA cutting its 2019 Russia wheat production forecast by more than expected. As expected, the controversial end…
In the wake of a global decline in grain prices and rapid progress in the N. hemisphere harvest, UK wheat dropped below the key £150/T on Nov-19 LIFFE feed wheat to its lowest level since the end of May 22nd ie £148/T. Rapeseed values are trading towards the lower end…