Important updates and advice regarding coronavirus (Covid-19)

Frontrunner - 26th February 2021

BLOG---Frontrunner-Post-Cover-Header

The Agriculture and Horticulture Development Board (AHDB) updated estimates for the current season's UK wheat balance sheet this week, highlighting a huge two-million-tonne cut in domestic wheat consumption. Demand in the human and industrial sectors is now seen at 6.438 million tonnes; almost half a million tonnes lower than last season.

This is primarily due to loss of demand for biofuel and starch following the closure of the Roquette plant in Corby in December. Miller demand is also lower as a result of the impact of the coronavirus and subsequent lockdowns. 

You can also listen to the Frontrunner podcast - press play to hear the latest report. This week's report is read by key account manager, Zoe Andrew.

Continue reading
  481 Hits
  0 Comments
481 Hits
0 Comments

Frontrunner - 19th February 2021

BLOG---Frontrunner-Post-Cover-Header

A period of extreme cold has affected the primary US winter wheat producing states in recent days. Temperatures nearing record lows of between -15-20°c have been recorded as far south as Texas and concerns that wheat crops will be subject to winter kill has triggered volatile trading in Chicago Board of Trade (CBOT) wheat futures. Prices rallied to their highest since the end of January as the chief meteorologist of the United States Department of Agriculture (USDA) suggested crops in Texas and Oklahoma had been lost to the severe cold.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by farm trader, Nigel Dring.

Continue reading
  274 Hits
  0 Comments
274 Hits
0 Comments

Frontrunner - 12th February 2021

BLOG---Frontrunner-Post-Cover-Header

The United States Department of Agriculture (USDA) published its February World Agricultural Supply and Demand Estimates (WASDE) report on Tuesday this week, which many traders expected to present a very bullish picture for world grains, particularly corn.

Last week's record US corn sales to China coupled with adverse South American weather over the past month, which has impacted on corn production prospects for Argentina and Brazil, encouraged further buying. Prior to the publication of the WASDE report, these circumstances had taken US Chicago Board of Trade (CBOT) corn futures to new contract highs; the highest for 7.5 years.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by marketing assistant, Faye Lee.

Continue reading
  746 Hits
  0 Comments
746 Hits
0 Comments

Frontrunner - 5th February 2021

BLOG---Frontrunner-Post-Cover-Header

Last week's Frontrunner reported China making significant purchases of US corn. China bought over six million tonnes, which helped take total US weekly corn export sales to 7.44 million tonnes for the period up to the 28th January. This is a record high, doubling the previous weekly high set back in 2012.

The United States Department of Agriculture (USDA) estimates that US 2020-21 exports will reach 64.77 million tonnes, which will leave US ending stocks nine million tonnes down on the year at 39.42 million tonnes.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by farm trader, Ollie WIlson.

Continue reading
  783 Hits
  0 Comments
783 Hits
0 Comments

Frontrunner - 29th January 2021

BLOG---Frontrunner-Post-Cover-Header

Early this week, world wheat futures markets continued to be pressured by speculative long holder selling. Losses extending from the contract highs reached last week have resulted in futures markets losing almost all the price gains they had made since the start of January. Losses for London wheat futures were almost £15/t. However, further political intervention that will disrupt grain flows partnered with soaring Chinese import demand helped generate a rally from the lows. This highlighted how market price volatility may be expected to continue.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by farm trader, Sophie Cath.

Continue reading
  806 Hits
  0 Comments
806 Hits
0 Comments

Frontrunner - 22nd January 2021

BLOG---Frontrunner-Post-Cover-Header

US wheat futures peaked last Friday, ending the 30% price rally that began last August. Futures markets had become technically overbought and were due a correction. US markets were closed for a public holiday on Monday but Chicago Board of Trade (CBOT) wheat futures subsequently posted four consecutive days of losses. London wheat futures peaked on Monday, setting a contract high price that hasn't been seen since January 2013 before following US markets lower during the week.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by farm trader, Lottie Bauer.

Continue reading
  852 Hits
  0 Comments
852 Hits
0 Comments

Frontrunner - 15th January 2021

BLOG---Frontrunner-Post-Cover-Header

Few World Agricultural Supply and Demand Estimate (WASDE) reports from the United States Department of Agriculture (USDA) trigger a market reaction such as the reaction triggered by the report released earlier this week. A report with such futures volatility following a period of prolonged market price gains hasn't been seen since 2012/13.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by key account manager, Zoe Andrew.

Continue reading
  1077 Hits
  0 Comments
1077 Hits
0 Comments

Frontrunner - 8th January 2021

BLOG---Frontrunner-Post-Cover-Header

World grain markets have started the new year with sharp gains, led higher by US soybean and corn futures. Prolonged dry weather and a rainfall deficit for developing corn and soybean crops across both Argentina and Brazil are raising concerns that yields will be adversely affected amidst strengthening export demand, particularly from China. Chicago Board of Trade (CBOT) corn and wheat futures rallied to highs this week not seen since 2014 as speculative funds continued to buy and established record-long positions. Price gains for corn futures have reached 50% since the summer.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by marketing assistant, Faye Lee.

Continue reading
  1023 Hits
  0 Comments
1023 Hits
0 Comments

Frontrunner - 18th December 2020

BLOG---Frontrunner-Post-Cover-Header

Russia, the world's leading wheat exporter, officially confirmed it would introduce a €25/t export tax in the new year. The tax will be applied to its 17.5-million-tonne export quota, which begins on the 15th February and runs to the 30th June 2021. Traders are unlikely to exceed the quota in light of the news that tonnage which surpasses this figure will be taxed at 50% of the sales value.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by marketing assistant, Faye Lee.

Continue reading
  1097 Hits
  0 Comments
1097 Hits
0 Comments

Frontrunner - 11th December 2020

BLOG---Frontrunner-Post-Cover-Header

World wheat markets posted sharp gains this week, recovering much of the losses they had made since the end of last month. The primary driver for these positive moves was news that Russia may introduce additional measures to control wheat exports. Russia has previously established a quota of 17.5 million tonnes to limit wheat exports between February and June 2021, but so far this has proved to have little impact on its domestic market prices.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by farm trader, Sophie Cath.

Continue reading
  1077 Hits
  0 Comments
1077 Hits
0 Comments

Frontrunner - 4th December 2020

BLOG---Frontrunner-Post-Cover-Header

US Chicago Board of Trade (CBOT) wheat futures continued to fall this week and by close of business on Thursday were 10% below the 4-year highs they peaked at in October. The increasing size of the Australian, Canadian and Indian wheat crops as well as a proposed increase in Russian export quota combine to signal ample wheat supplies and a bearish feel to markets.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Lottie Bauer.

Continue reading
  1026 Hits
  0 Comments
1026 Hits
0 Comments

Frontrunner - 27th November 2020

BLOG---Frontrunner-Post-Cover-Header

In a trading week that was shorter than usual due to Thanksgiving, there has been little fresh wheat news. Instead, markets have been buoyed by China's continued purchasing of US corn. With another 200,000 tonnes purchased last week, the market continues to predict China's overall demand. The United States Department of Agriculture (USDA) has estimated it will reach 7.2 million tonnes while other private analysts are estimating that China will tender up to 30 million tones of US corn.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by Faye Lee.

Continue reading
  1695 Hits
  0 Comments
1695 Hits
0 Comments

Frontrunner - 20th November 2020

BLOG---Frontrunner-Post-Cover-Header

World wheat markets stalled this week with a lack of any fresh bullish features to drive them higher again. US Chicago Board of Trade (CBOT) wheat futures drifted as their winter wheat crop rating made modest improvements following recent rains. 46% of the crop is rated 'good' to 'excellent' and is up one point on the week. This is still well behind this time last year when 52% of the crop received this rating.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Ollie Wilson.

Continue reading
  1248 Hits
  0 Comments
1248 Hits
0 Comments

Frontrunner - 13th November 2020

BLOG---Frontrunner-Post-Cover-Header

World wheat markets rallied this week following the publication of the November World Agricultural Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA) on Tuesday afternoon. There were few changes to the world wheat estimates from last month's report.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by key account manager, Zoe Andrew.

Continue reading
  1241 Hits
  0 Comments
1241 Hits
0 Comments

Frontrunner - 6th November 2020

BLOG---Frontrunner-Post-Cover-Header

Earlier this week, wheat markets eased lower following concerns that the increasing impact of Covid-19 will lead to cuts in global demand for grains, particularly from the fuel sector. Wheat price gains made in the second half of October were all but lost. However, on Thursday, the US Chicago Board of Trade (CBOT) soybean market jumped to $11 per bushel, a four-year high, which pulled world wheat prices higher with it.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Nigel Dring.

Continue reading
  1284 Hits
  0 Comments
1284 Hits
0 Comments

Frontrunner - 30th October 2020

BLOG---Frontrunner-Post-Cover-Header

World wheat markets have made impressive gains in price since harvest, highlighted by US Chicago Board of Trade (CBOT) wheat futures which, by the end of last week, had gained over 25% in value. This is impressive as the United States Department of Agriculture (USDA) estimates a record world wheat crop of 733 million tonnes - up nine million tonnes on last year. Furthermore, USDA estimates see stocks rising by 22 million tonnes on the year to 321 million tonnes.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by farm trader, Sophie Cath.

Continue reading
  1255 Hits
  0 Comments
1255 Hits
0 Comments

Frontrunner - 23rd October 2020

BLOG---Frontrunner-Post-Cover-Header
Earlier this week the world's futures markets continued to rise, extending their bull run that began back in August. US Chicago Board of Trade (CBOT) futures were close to a six-year high whilst Paris and London wheat futures each set new contract highs. Prolonged dry weather has been an increasing concern for wheat crops in Argentina, the US and Russia, and has latterly been the primary price driver. Each of these countries has received some rain, which is a benefit for some regions but mostly deemed insufficient, particularly for Russia where the forecast remains dry.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Ollie Wilson.

Continue reading
  1234 Hits
  0 Comments
1234 Hits
0 Comments

Frontrunner - 16th October 2020

BLOG---Frontrunner-Post-Cover-Header

There has been little fresh news for markets this week, although on Thursday world futures markets posted significant rallies with many hitting new contract highs. Speculative funds were again assertive buyers of Chicago Board of Trade (CBOT) wheat and corn contracts as they continue to build significant long positions. Their stake in the markets is similar to those they held back in 2010 and 2012 when adverse weather severely cut wheat and corn output for many of the world's primary producers.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Henry Young.

Continue reading
  958 Hits
  0 Comments
958 Hits
0 Comments

Frontrunner - 9th October 2020

BLOG---Frontrunner-Post-Cover-Header

The world's wheat futures markets rallied to new highs this week as prolonged dry weather conditions threatened wheat crops for some of the world's leading producers. Speculative funds were increasingly active buyers and took Chicago Board of Trade (CBOT) wheat prices to their highest level for five years. Wheat crops in Argentina and the US are suffering from a lack of rain, but it is dry soils extending across most of Russia that is raising the greatest concern. Russian farmers have planted over 70% of their winter wheat but ongoing dry conditions and warm temperatures could see newly planted seed fail to germinate...

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by key account manager, Zoe Andrew.

Continue reading
  1290 Hits
  0 Comments
1290 Hits
0 Comments

Frontrunner - 2nd October 2020

BLOG---Frontrunner-Post-Cover-Header

Late on Wednesday afternoon this week, the United States Department of Agriculture (USDA) published its quarterly US grains Productions and Stocks Report and final 2020 US wheat production estimates. This is a quarterly report which often passes without much attention. Yet, the results of this report triggered a significant price rally for the world's grain and oilseeds markets. Supportive data was perhaps expected but not to the extent revealed.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report is read this week by farm trader, Lottie Bauer.

Continue reading
  1405 Hits
  0 Comments
1405 Hits
0 Comments

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use and how to delete them, see our Cookie Policy.

OK