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.
Filtered by subject: Brexit
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...
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…
UK wheat spiked; Significant devaluation of sterling; No deal Brexit more likely; Old wheat crop below futures price; Potential early cereal exports this season; World wheat crop down 6 Mln T; Argentina could have record wheat harvest; Soya bean and meal price slightly down; Unknown size of 2019 soya crop;
Sterling 2 year low; No-deal Brexit more likely; Recession forecast worsens; Harvest 2019 mid flow; Good Barley yields; Russian crops affected by weather; Ukraine reports better yields; Protein content in Brazilian soya low; Chinese / US dramas continue; US Soya bean market pressured by weather, and Fancy a good read….
Currency continues to have major effect; Political instability from Brexit and internal political unrest; Wheat has traded in narrow range; Less French imports expected; US weather remains key driver; Midwest wettest 12 months on record; USDA report caused some volatility; Ongoing trade dispute between US and China; Maize prices strongly supported feeding through to Soya market; USDA downgrade estimates for soya acreage and yield. The ice cream vans are silent in New York
Brexit plays politics with UK markets; US weather remains a big focus with heavy rains predicted; No end in sight for US/China trade deals; US farmer confidence low; Russian story is looking bright; EU crop remains promising with good balance of rain and sunshine; Soya bean market dropping fast; China reducing demand for soya; Ancient Bronze age birdman discovered in 5000 year old grave.
UK wheat risen steeply over last couple of weeks; Theresa May announcing resignation caused steep weakening of sterling against Euro and dollar; Weather in Midwest US has been wettest on record; Global grain followed US maize upward; Indications positive for wheat crops in Russia, Europe and UK; President Trump fuels trade disruption with 5% tariff against Mexico Exports; North Korea confirm outbreak of African swine fever near border with China
Sterling lower than since February; Firm bounce in new crop wheat prices; Maize planting delayed in US; Lack of clarity on US/China trade discussions; US farmers considering crop insurance pay-outs; Russia predicting good crop volumes; Germany crop predictions higher also; US Soya bean continues to fall due to delayed planting; China increase soya planting; US export below 5 year average whilst South America demand up on back of Trump trade war.
UK feed down over week; Possible renewed move lower; Forecasts of dry weather; Animal feed production down year on year for all species; Currency and Brexit linger as deadlines are extended; Trade deal with China and competition with Russia key factors in US wheat acres; Trade deal also affecting Soya market; How about a mini-me T-rex. Small does not mean gentle…
Currency remains low in wake of Brexit delay; Low trade volume of UK wheat; Technical selling is the only real activity in an otherwise very quiet market; Conditions in the US market remain positive; Wheat production forecasts are up globally although EU estimates remained stable; US set for huge end of year soya stock; African swine fever effect of reducing China's commodity requirement. Chariot racing was as integral to the Romans as Football is to many of us today.
Trading on May UK wheat contract picked up; The delay to Brexit saw Sterling fall; US wheat continued to experience selling pressure; New wheat crop prices under pressure across Europe; Soya bean markets slid throughout the week; China still the biggest market for US soya beans.
The markets are in indecisive doldrums; Lack of direction politically; Wheat sales are low; Export activity being strong after a slow start; US China trade deal rumoured to be coming to a close; Soya market sees little change; African Swine Fever estimates in China increase; Easter is around the corner.
Currency remains range bound; UK, Europe and US markets trend downwards; French production forecast down; US China lack of deal pushes markets lower; The lack of trade deal also puts pressure on soya prices; Exports to China pushed figures a little higher; Insect control can become hot topic in warmer months. You might want to consider playing some particular music?!