Independent Agri Commodity Insights
In the aftermath of a bearish USDA NASS Prospective Plantings report for US maize (corn) and volatility in the Sterling, old crop May-19 LIFFE feed wheat prices have remained in a tight £5/T range between £160/T and £165/T since mid-March. There is a renewed sense of optimism in the market…
In the wake of surprisingly bearish USDA reports, particularly for maize/ corn, EU wheat markets snapped a two-week winning streak after hitting a 1-month high last Tuesday of £165.05/T for May-19 LIFFE feed wheat. With the US quarterly stocks and prospective plantings report now out of the way, the market…
In a lack of fresh fundamental news, global wheat prices have continued to recover for a 2nd consecutive week amid weather issues in the US and looming risks in Europe and Australia where drought is ongoing. Rapeseed has now been brought to the centre of a diplomatic clash between China…
Global wheat prices have rallied last week after the rapid selloff observed since the beginning of the year amid a pick up in demand, funds short covering and politics. February marked yet another decrease in EU rapeseed crushing whilst soybeans continued to increase, as the worlds major oilseed took further…
EU wheat futures remained under pressure in the wake of the US markets although the fall was less on this side of the Atlantic amid a weakening of both the Sterling and the euro against the US dollar. Following the sharp sell off in recent weeks which saw rapeseed values in Europe fall…