Independent Agri Commodity Insights
Following a less than bullish WASDE report released last Friday, UK/EU wheat prices have started to consolidate. Since we advised on selling OSR in early May, we have seen prices rise by over £35/T as crop losses in Europe and Australia have eroded the large global carryover surplus from last…
UK wheat prices continued to rise to fresh contract highs across the board amid ongoing EU wheat/barley crop reductions and risks towards the 2018 EU maize crop although a short- term high could have been found. Last week, rapeseed prices saw a correction despite a growing global deficit and US…
New week, new month and new highs for EU grains with ongoing reductions in the 2018 EU wheat/barley production forecasts whilst a new heat heatwave is set to deteriorate further the already fragile EU maize crop. Recently rapeseed prices have seen strong buying support as EU and global crop conditions…
EU wheat prices set fresh highs in 6 out of the last 7 sessions amid further reductions in the 2018 European soft wheat production set to fall to its lowest in 6 years ie below 130MMT due to the historical drought hitting most of Northern Europe. Rapeseed prices skipped higher this…
Cereals The old saying ‘up corn, down horn’ continues to play out with grain prices remaining well supported and meat values coming under further pressure. Livestock producers are under increasing pressure from higher feed prices and less available forage with cattle being slaughtered earlier than usual as result. Feed compounders continue…