Independent Agri Commodity Insights
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…
Global wheat futures prices have continued to decline due to sluggish exports on both side of the Atlantic with aggressive sales from Russia early in the campaign. Having tumbled over £20/T in the past two weeks (Del. Erith March 2019 = £306/T), OSR has had the chair pulled out from under it despite old…
LIFFE feed wheat futures have embarked on a recovery move with the May-19 contract attempting to break through the short-term £167/T mark whilst on new crop, Nov-19 is back to the key £150/T psychological level. Over the past week a strong rally in the GBP has put domestic OSR under…
What a week for wheat which has continued lower on weakening Russian prices, political noise and a positive outlook for the 2019 harvest in both the EU and the Black Sea. Click here to read this week’s Market Review report.
Despite the importance of Friday’s USDA report after missing a plethora of data since the US government shutdown, the market remained subdued with little changes made to the wheat S&D. The recent soybean ‘bullish stories’ emerging from South America due to drought in Brazil and excessive moisture in Argentina will…