Independent Agri Commodity Insights
UK wheat remains rangebound for now between £143/T and £150/T on the Nov-19 LIFFE feed wheat contract; awaiting further information from Russia where yields have been somewhat disappointing, yet the quality is excellent and we get confirmation of the good domestic wheat harvest. Rapeseed prices have seen ongoing support, gaining nearly…
In the wake of a promising domestic 2019 grain harvest and a lack of fresh news from the maize market, Nov-19 LIFFE feed wheat continued lower for a 3rd consecutive week on Friday ie its longest losing streak in 6 months. As harvest pushes forward across Europe and the Black…
After dropping to a near 2-month low of ~£143/T due to harvest progress in Europe last Wednesday, Nov-19 LIFFE feed wheat bounced back above its key 100-day moving average around £148.50/T with the USDA cutting its 2019 Russia wheat production forecast by more than expected. As expected, the controversial end…
In the wake of a global decline in grain prices and rapid progress in the N. hemisphere harvest, UK wheat dropped below the key £150/T on Nov-19 LIFFE feed wheat to its lowest level since the end of May 22nd ie £148/T. Rapeseed values are trading towards the lower end…
Global markets have been following the US story closely and on Friday, the USDA released its acreage report which was probably one of the biggest statistical surprises for grain markets in recent history. Soybeans were underpinned by the USDA acreage report which showed an increase in the US planted area…