Wheat futures remain steady whilst sterling weakened in face of Brexit. DEFRA data release. Brexit driving volatility. Russian exports declining. Little change in EU supply and demand. Drop in US maize use and winter wheat plantings. USDA report on soya. Do you fancy living living a fairytale life? It might still be possible…
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UK market focus on Brexit. Currency down, wheat level. Russian wheat prices high. France win Egyptian tender. US China talks improve. Brazilian 50% production sold. How stressed is your life. It might not be a bad thing…
Focus on May futures contract. Brexit continues to dominate minds. Currency volatile. World trade focused on Russia. Russian wheat planting at record levels. Daylight robbery of a different kind. What would the professionals make of it.
UK May wheat futures have been trading weaker as the May contract comes to a close. The rail strikes in France caused some logistics delays. Delayed spring plantings gain pace in both Europe and the UK. Program your robot to build an Ikea chair or invest in a wearable chair?
UK May wheat futures continue to trade within the same tight channel of the last four weeks and lacking any significant change in local or global supply and demand it continues to do so. It seems that the inclusion or exclusion of a comma might be very expensive as a US court case has recently highlighted. Another win for the lawyers maybe?!
November wheat futures appear to have touched a 5-month low on the 23rd August at £136.55 and in the successive 10 trading days have struggled to rise to about £142/t