USDA report looked over the markets; Very little trade volumes over week; USDA report had no impact on climate or volumes; US and China trade talks failed to bring results; Maize and wheat prices fell; Soya bean prices low due to tariffs imposed on China by USA; African Swine fever described as game changer by USDA; Dead as a dodo... not any longer... the rail has come back from the dead.
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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?!
Currency has been volatile due to Brexit; Low trade quantities in wheat; High projected new crop numbers; Maize price declined on release of USDA report; Soya also dipped on USDA figures for corn; Positive expectation for US / China trade deal. Who is free for a long nap followed by pancakes at the end of this year?
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…
Low UK trade volumes. Russian Egyptian tender offer. Brexit. US Government shutdown. US/China trade wars. Argentina soya increase. Brazil’s soya crop expectations lower. The link between higher belly fat and smaller brain size!
Currency effected by USDA and Brexit uncertainty. GBP showed strength. November wheat traded lower. Russian exports slowing month on month. Soya prices remain low. How to bake the perfect pizza!
The rise in the price of UK November wheat futures has slowed. Wheat imports are at their highest. All eyes are on the USDA report. Soya bean trade has continued to slow.
UK wheat price has increased dramatically. Pound dropping to lows against the dollar. Sword fights and castles… what boys dreams are made of…
Recent DEFRA data indicates that the 2017 crop was about 350,000t lower than previous estimates. Will we again be a net importer in 2018/19? As Russian wheat exports have grown over the past decade, the importance of US wheat exports has declined. Going the extra mile, and finishing by a country mile - how far do you travel?
Attention moves to the November wheat futures. Chicago July wheat futures touched 16-month highs. Weather in the Ukraine could damage crops. Soya prices remain volatile and the story behind the Plimsoll line.
If anything was going to make The May wheat futures break out of the £140-£143/T channel, it was last Friday’s USDA report, and it did when the UK markets opened on Monday. Is the Bayeux tapestry English or French?
We are all suffering from the US weather market, it is dry in parts, raining in parts but generally the rain is missing the dry spots!
In the past week, currency and UK wheat markets have moved sideways, with May wheat futures currently trading at about £147.50, within the very tight range that wheat has been trading since mid-January.