Independent Agri Commodity Insights
After 2 weeks of consolidation, UK LIFFE feed wheat bounced higher, trading back to an important technical resistance level amid renewed global demand and further cuts to the already reduced Australian crops. Click here to read this week’s Market Review report.
Once again, the USDA did not disappoint on Wednesday with its monthly WASDE report being more bearish than expected. Current prices remain a a good selling opportunity for domestic OSR values which continue to be under pressure from outside oilseeds markets and a stronger sterling. Click here to read this…
The news of the week was not from Russia for once, but the Humber, where Vivergo Fuels – the UK’s largest consumer of wheat – proposed to cease production as of the end of the month due to ‘challenging trading environment’. Click here to read this week’s Market Review report.
Despite tight fundamentals domestically and globally, UK wheat snapped a 4-month winning streak amid a dearth of fresh news and funds liquidation on Chicago. OSR values remain torn between the tightening global balance sheet for OSR/canola and declining soybean prices which are under the influence of a US soybean crop…
After a long lasting rally since the beginning of the year due to reduced wheat supplies in key exporting regions of which the EU, the Black Sea and Australia, global wheat prices have embarked for their ‘annual’ corrective move between August and September. Click here to read this week’s Market…