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.
Filtered by subject: Weather
This week UK May wheat futures hit a 5-month high. UK wheat supply and demand has remained tight, despite the high level of imports. Weather and politics remain the drivers for the commodities markets. People do strange things when they have had a drop too much juice - Climb mountains it seems.
Defra and the trade are now in agreement that UK wheat supply and demand are in relative balance assuming both exports and imports also remain in balance. At the Jack Daniels distillery at Lynchburg, Tennessee they have a unique way of celebrating Christmas – they build the Jack Daniels Christmas Barrel Tree. Merry Christmas!
Commodity markets are currently, all about the weather, the funds and currency. US soil conditions are a bit like the curate’s egg, there are some rotten bits as well as parts that are excellent.