After filling a technical chart gap between £179.70 and £180/T, the Nov-18 LIFFE feed wheat contract retreaded toward its key 50-day moving average technical support of ~£177/T, awaiting the USDA October WASDE whilst the Sterling was seen recovering. ‘’Trees don’t grow to the sky’’ as they say and any period…

Despite a fall in price since August, Nov-18 LIFFE feed wheat futures contract settled higher for a third consecutive quarter, +8% in Q3 or +25% since the beginning of the year. The past few weeks have seen OSR post a strong recovery, trading €16/T higher over a two-week period as…

Domestic prices remain highly impacted by political news surrounding Brexit, even coming from New York this week where French President Macron said he would welcome Britain back into the bloc. Late season storms have detrimentally impacted soybean quality in parts of the US which is a double-whammy for farmers already…

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…