Brexit is driving GBP currency; November wheat futures traded sideways; Barley crop biggest in 30 years; US and European wheat markets remained strong; US has positive feedback on trade negotiations with China; France announced a reduction in its maize forecast; Yield reductions caused a large proportion of the downgradein soya bean production; The Chinese economy is growing more slowly than in recent years; Survival of the fittest or the friendliest? What do you believe? This story is interesting for feeding for health and disease prevention in the future.
This week saw customers, Martin and Nikki Lawrence of Meadowside Free Range Eggs win the prestigious 2019 BFREPA Producer of the Year Award.
Congratulations to our customer, Susie Macmillian of The Mac’s Farm, who was crowned 2019 Poultry Farmer of the Year as last week’s Farmers Weekly award ceremony.
This Thursday, we are looking forward to attending the 2019 Farmers Weekly Awards with our customer Susie Macmillan of The Mac’s Farm in East Sussex. Susie is one of two finalists, in the running for Poultry Farmer of the Year award.
51.1kt of feed wheat were purchased in October; The DEFRA figures for the planting survey align with the AHDB at 1.676 million acres and a large 16.9 Mln T crop; China and the United states held vice-ministerial level trade talks last week, giving a small boost to prices; In a Derbyshire Dales field Gavin Munro is growing trees to make furniture.
Production figures are the highest they have been since 2015/16 at 17.8-18.1 Mln T; Brexit news was the key influence in the UK and again gives us a different picture to the global markets; European grain brokers have bought over 1 Mln T of UK wheat so far in the pre November period as UK wheat has maintained a substantial discount to EU price since harvest.
It is not long now until the 2019 BFREPA Conference, Exhibition and AGM and we are looking forward to attending and exhibiting at the event on 15 October 2019.
UK Wheat remains steady with inactivity; Majority of trade for winter months; Harvest almost complete; Yields above 5 year average; Sterling gained over the week; Rainfall affecting prices and supply of wheat globally with production down in Australia, Brazil and the Ukraine; China exempts US Soya from tariffs; Soya prices rose over the week; China places US soya bean order; Drone attacks on Saudi Arabian oil facilities affected the sector; Maurice the chicken has stood up for his right to a voice in French courts.
You don’t have to talk to Gwenda Wozencraft for long to discover her passion for working with customers and their birds: “I love my job and I hope my enthusiasm rubs off on my customers as I am completely committed to helping them be successful in their businesses.”
Harvest now 70% complete; Yields 6-8% over the 5 year average; Brexit potential delays extend window of free access to EU; Wheat production estimate increased to 764 Mln T; Russian wheat crop healthy; Weak Sterling due to Brexit uncertainty; Prices driven by exchange rate and political story; China demand for soya predicted to grow and premiums paid remain, and Brazil increase in soya production to meet China demand with US trade war continuing to remain. Scientists have discovered a planet with a dramatic egg-shaped path of orbit. Read more...
Wheat continues to drift downwards, having lost nearly £10 in the last 2 weeks; China added tariffs to $75bn worth on more US origin goods, which caused a flurry of activity in the last half of Friday; AHDB estimated that UK winter barley is 98% complete with production up between 17-20%, rapeseed at 95% complete but with the smallest crop since 2004-05…
650,000 tonne of food for human consumption is being saved from landfill every year and incorporated into animal feed, however during the process pieces of plastic wrapping can end up in the feed consumed by livestock.
Humphrey Feeds and Pullets, have been featured in a four page article in the latest edition of Farmers Weekly magazine.
A `no deal’ seems to be ever more likely, which could push sterling even weak against both the Euro and Dollar. The idea that the pound could fall to Parity is now starting to be more real despite a little bounce in values last week, and if you are buying your Euros privately to go abroad, it is already under parity!
The most recent monthly USDA report was an important point…
Devaluation of GBP continues; Currency having an effect on agri markets; Approx £45 price difference year on year for November futures; Barley market concerns due to no-deal Brexit; US/China trade talks lead to lower US wheat prices; China threat to retaliate against US tariffs; Global wheat futures look good; Ukrainian winter yields high; Soya bean market continues to feel pressure; Potential for UK soya prices to rise; What links farming and vampires? Well hopefully not too much these days…