Important updates and advice regarding coronavirus (Covid-19)

Frontrunner - 12th April 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT USDA publish a bearish report The USDA published their April World Supply and Demand report on Tuesday afternoon and, as expected, it held bearish data – particularly for corn. World corn production jumped six million tonnes, with increases seen for most of the major producers. Argentina, Brazil and Mexico were up, reflecting the favourable g...
Continue reading
  1974 Hits
  0 Comments
1974 Hits
0 Comments

Frontrunner - 5th April 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT UK markets look to new crop A week is a long time in politics and it seems even longer in the grain trade with old crop markets fading again this week. Remaining markets are focused on sourcing final July cover; the last stop for consumers before significantly cheaper new crop supplies are available. Attention is now turning to new crop for c...
Continue reading
  1811 Hits
  0 Comments
1811 Hits
0 Comments

Frontrunner - 29th March 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT UK wheat prices flatten Domestically, futures and delivered markets remain thin with a large portion of the old-crop market still to play out. Northern feed wheat premiums remain elevated to encourage the trade-flow of grains from further south but, in the main, consumers remain subdued with a 'hand-to-mouth' approach to buying. This said, lo...
Continue reading
  1991 Hits
  0 Comments
1991 Hits
0 Comments

Frontrunner - 22nd March 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Spring is the season of risk Market support has held in wheat markets since the lows of the previous week. Speculators have large bearish positions laid on in grains for crops that are still very exposed to adverse planting and growing conditions as dormancy breaks. The strength of rebound in wheat futures has been largely led by corn as mark...
Continue reading
  1838 Hits
  0 Comments
1838 Hits
0 Comments

Frontrunner - 15th March 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Turbulent wheat markets The world's wheat markets started the week extending their recent downward trend. Speculative fund selling took the US CBOT wheat futures to contract lows on Monday, pulling European and UK wheat futures lower too. Their motivation comes from slow US wheat export pace and expectations for a bounce back in production fo...
Continue reading
  1789 Hits
  0 Comments
1789 Hits
0 Comments

Frontrunner - 8th March 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT UK old crop sinks lower The absence of any significant consumer demand facilitated a further £5/t drop in futures and delivered prices this week. To some extent, this season the UK wheat grower has been sheltered slightly from rock-bottom global prices because of currency but UK markets followed the rest of the world lower this week. Due to t...
Continue reading
  1930 Hits
  0 Comments
1930 Hits
0 Comments

Frontrunner - 1st March 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Negative world markets World markets are currently showing little signs of recovery whilst major exporters compete to win upcoming tenders. Coupled with this, we're also seeing non commercial funds willing to sell wheat lower given the promising outlook of wheat production for 2019. UK finding some support UK markets found support this week f...
Continue reading
  1876 Hits
  0 Comments
1876 Hits
0 Comments

Frontrunner - 22nd February 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Weak wheat markets Wheat markets made notable losses earlier this week, led lower by US CBOT futures that hit contract lows. By close of business on Wednesday, CBOT losses amounted to 6% and this was partly attributed to US wheat being uncompetitive and missing out on recent export trade. Syria and Bangladesh bought 200,000 tonnes and 50,000 ...
Continue reading
  2018 Hits
  0 Comments
2018 Hits
0 Comments

Mid-week market report - 20th February 2019

mw_20190220-154702_1
Global markets weaken World wheat markets started notably weaker this week, led lower by the US CBOT wheat futures that dropped to a 13-month low yesterday. The US is failing to secure sufficient trade to help them meet export targets and they need to be more competitive. This was highlighted by recent tenders where both Syria and Bangladesh opted ...
Continue reading
  1752 Hits
  0 Comments
1752 Hits
0 Comments

Frontrunner - 15th February 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Global prices move lower Chicago wheat futures traded at their lowest level since the start of 2019 yesterday and Kansas Corn was no different. Both markets were forced lower by disappointing export data. US wheat sales currently sit 8% behind this time last year as they've struggled to compete with cheap Russian wheat. Matif also closed €3/t...
Continue reading
  1308 Hits
  0 Comments
1308 Hits
0 Comments

Frontrunner - 1st February 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Slow UK trade The domestic wheat market slowed to a crawl this week. A lack of fresh news, combined with sterling strength, saw both old and new crop prices slip lower.Despite Defra's estimate showing a surplus on the UK balance sheet, the old crop premium to new crop remains resolute. Spot feed wheat is trading at £25/t above harvest prices....
Continue reading
  1912 Hits
  0 Comments
1912 Hits
0 Comments

Market report - 31st January 2019

Wheat-Sampling-2
UK grain prices are flat as market forces work against one another UK wheat values remain stuck in a narrow range as two major factors continue to cancel each other out. Sterling has firmed from £1.11 to £1.15 versus the euro since 10 th January and this should have caused a loss for UK wheat values. Instead, EU markets have been given a lift by co...
Continue reading
  1498 Hits
  0 Comments
1498 Hits
0 Comments

Frontrunner - 25th January 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Firm pound pushes old crop prices lower Brexit uncertainty continues to fuel huge shifts in the value of the pound. This week the pound appreciated significantly against a host of other currencies reaching 1.16 against the Euro, a level which was last seen in May 2017. Domestic demand for old crop remains strong, but if the UK has an exportab...
Continue reading
  4749 Hits
  0 Comments
4749 Hits
0 Comments

Frontrunner - 18th January 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Lost opportunity Domestic wheat markets have given back all of this month's gains during this week. Milling markets have also softened, with notable sellers pressurising the premiums by around £2/t versus feed as markets transit from being bid for weeks to offered. It seems that political uncertainty continues which is putting people off maki...
Continue reading
  2056 Hits
  0 Comments
2056 Hits
0 Comments

Frontrunner - 11th January 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT International trade This week we have seen significant international trade, with North African countries making sizeable wheat purchases for delivery during February and March. Initially, Algeria confirmed they were buying 550,000 tonnes of optional origin wheat. This lifted European prices, as the French have supplied over 80% of Algerian im...
Continue reading
  2270 Hits
  1 Comment
2270 Hits
1 Comment

Frontrunner - 4th January 2019

BLOG---Frontrunner-Post-Cover-Header
WHEAT Global markets US and EU markets started the new year trading firmer, led by stronger US wheat prices which are now able to compete against cheaper origins with the prospect of increasing exports. However, the Russian Agricultural Ministry have increased wheat production figures by two million tonnes to 72 million. This means that despite hig...
Continue reading
  1827 Hits
  0 Comments
1827 Hits
0 Comments

Frontrunner - 14th December 2018

BLOG---Frontrunner-Post-Cover-Header
WHEAT World wheat prices move higher A number of factors have helped send world wheat prices higher this week. Increasing optimism over the improving US/China trade situation provided an initial tonic as US weekly export sales hit a season high of 754,000 tonnes.The fast pace of Russian wheat exports is also making an impact with supplies proving h...
Continue reading
  2117 Hits
  0 Comments
2117 Hits
0 Comments

Frontrunner - 7th December 2018

BLOG---Frontrunner-Post-Cover-Header
WHEAT UK markets trade a narrow range Domestic and futures markets traded in a narrow range this week with the benchmark LIFFE finding a level around £175/t for May delivery. Physically, grain consumers continue to take cover in a marketplace with very little farm and merchant grain offered, which is lending support to prices.However, the uncertain...
Continue reading
  2009 Hits
  0 Comments
2009 Hits
0 Comments

Frontrunner - 30th November 2018

BLOG---Frontrunner-Post-Cover-Header
WHEAT Security of supply in December Domestic wheat markets remain focused on securing short term supply through December as logistics have become a constraint for this period. This has created a short term demand, however post Christmas where consumer cover remains ample and Farmers return from the break are likely to find a well supplied and subd...
Continue reading
  1993 Hits
  0 Comments
1993 Hits
0 Comments

Frontrunner - 23rd November 2018

BLOG---Frontrunner-Post-Cover-Header
WHEAT Encouraging price rally for UK wheat After an initial bearish start to the week, UK wheat prices eventually staged an impressive four day rally. Helped on by the weaker sterling and higher continental future prices, London futures gained £4 per tonne in a market was minimal trading activity. Consumers have good cover and there is little to ju...
Continue reading
  1805 Hits
  0 Comments
1805 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