Independent Agri Commodity Insights
In what could be associated with a technical rally, UK LIFFE feed wheat futures posted strong gains over the last 2 trading sessions of last week with old crop May-19 gaining up to £6.20/t or 3.8%. Global trade disputes between Asia and the West are continuing to take their toll…
After reaching a 7-week high of £166.45/T on May-19 LIFFE futures, UK feed wheat prices have come under pressure on both old and new crop in the wake of the US markets with Kansas and Minneapolis wheat futures having posted fresh contract lows. Rapeseed in central and western Europe continues…
Despite an uneventful USDA’s April WASDE report released last Tuesday, UK wheat snapped a 2-week losing streak and reached a 7-week high amid continued dryness in Europe and volatility in the Sterling. Following last summer’s historical drought across Europe and domestic flea beetle issues which resulted in poor establishment, the…
Cereals Markets mostly shrugged off Arpil’s WASDE report despite wheat and corn stocks being above expectations: World wheat stocks – 275.61MT (271MT expected) World corn stocks – 314MT (311.16MT expected) Brazil corn crop came in above estimates at 96MT vs 94.83MT expected. EU wheat values show little reaction to the…
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…