Frontrunner - 27th May 2022

BLOG---Frontrunner-Post-Cover-Header

Problems accessing this blog? Click here to go to our main blog feed where you'll be able to see our latest post at the top.

Wheat futures markets have again been volatile this week and have fallen sharply with losses extending by over 10% from the record highs reached earlier this month. Long liquidation and speculative selling gathered pace in response to newswire reports that Russia would provide a humanitarian corridor for vessels carrying food to leave Ukraine. Analysts estimate that over 21 million tonnes of grain will be trapped in Ukraine by the end of this season due to the Russian navy blockade of the country's Black Sea ports. The loss of Ukrainian grain supplies to the world's major importers has been the primary wheat price driver since the Russian invasion in February and has been the main element contributing to the prevailing global food crisis.

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
  309 Hits
  0 Comments
309 Hits
0 Comments

Frontrunner - 20th May 2022

BLOG---Frontrunner-Post-Cover-Header

Problems accessing this blog? Click here to go to our main blog feed where you'll be able to see our latest post at the top.

The world's wheat futures markets opened the week with another notable rise in prices, setting new record highs following the news that India would ban wheat exports with immediate effect. The Indian government reacted to fears of an intense heatwave during March which cut yields, sending the country's domestic prices to record highs.

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

Continue reading
  708 Hits
  0 Comments
708 Hits
0 Comments

Frontrunner - 13th May 2022

BLOG---Frontrunner-Post-Cover-Header

Problems accessing this blog? Click here to go to our main blog feed where you'll be able to see our latest post at the top.

The United States Department of Agriculture (USDA) published its May World Agricultural Supply and Demand Estimates (WASDE) report this week along with its eagerly awaited first look at the 2022-23 season. The report contained lower than expected production for US winter wheat and corn. Additionally, it outlined lower than expected world wheat stocks which sent markets sharply higher again. European wheat futures rallied again and set new contract highs.

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

Continue reading
  691 Hits
  0 Comments
691 Hits
0 Comments

Frontrunner - 6th May 2022

BLOG---Frontrunner-Post-Cover-Header

The primary price driver for the world's wheat markets continues to be the impact on supply chains resulting from the conflict in Ukraine. Traders have been assessing how the world's major wheat importers can source alternative wheat supplies and had found that India was able to fulfil some of the shortfall. India had been expecting to harvest a record wheat crop of up to 111.3 million tonnes, which would be its fifth consecutive year of record production. Furthermore, its wheat exports had the potential to reach eight million tonnes.

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
  705 Hits
  0 Comments
705 Hits
0 Comments

Navigate grain market volatility with price and trading tools in MyFarm

frontier_truck_loading_low_res

The current volatility of global markets and commodity prices is well documented; in recent weeks, there have been price swings that have never been experienced before. While it makes for some interesting market behaviours, knowing when to react in terms of buying and selling can be a challenge, particularly when prices are changing in a matter of minutes.

Continue reading
  353 Hits
  0 Comments
353 Hits
0 Comments

Frontrunner - 18th March 2022

BLOG---Frontrunner-Post-Cover-Header

Wheat futures continued to see volatile trading this week as the trade reacted to the impact of the worsening conflict between Russia and Ukraine. There were early notable falls in prices with reports that peace talks between Russia and Ukraine were making some headway and that all five of Russia's Black Sea ports were operating normally for grain shipments.

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
  1092 Hits
  0 Comments
1092 Hits
0 Comments

Frontrunner - 11th March 2022

BLOG---Frontrunner-Post-Cover-Header

The escalating conflict following Russia's invasion of Ukraine and subsequent fears for future wheat supplies from the Black Sea led to extreme volatility in the wheat market this week, resulting in new record highs for futures markets. Wheat futures rose to their highest on record this week, with Paris futures exceeding €400/t and London futures rising above £300/t, breaking the previous record set in 2008.

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

Continue reading
  1138 Hits
  0 Comments
1138 Hits
0 Comments

Frontrunner - 4th March 2022

BLOG---Frontrunner-Post-Cover-Header

Wheat markets have been extremely volatile this week due to the escalating conflict between Russia and Ukraine. London old crop wheat futures hit a high, which was more than £50/t above last week's closing prices, and in doing so set a record high for the market. US Chicago Board of Trade (CBOT) futures climbed up by over 30% to their highest figure for 14 years, although remained below the all-time highest figure of $13.49/t which was set in February 2008.

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
  1320 Hits
  0 Comments
1320 Hits
0 Comments

Frontrunner - 25th February 2022

BLOG---Frontrunner-Post-Cover-Header

Russia's invasion of Ukraine this week triggered unparalleled price movements in commodity markets. US Chicago Board of Trade (CBOT) wheat futures posted gains of almost 20% on last Friday's close and, at their peak, were at their highest level since 2008. Fear, panic and speculative trade exaggerated futures price gains but the world's wheat importers have lost access to a primary supplier of wheat and corn as military action brought a halt to commercial shipping and Ukraine's ports shut down. Egypt's General Authority for Supply Commodities (GASC) held a tender to buy wheat on Thursday which highlighted the market chaos and uncertainty. There was only one offer from French exporters at a price including freight just below $450/t.

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 Powell.

Continue reading
  1147 Hits
  0 Comments
1147 Hits
0 Comments

Frontrunner - 18th February 2022

BLOG---Frontrunner-Post-Cover-Header

World wheat markets have seen less volatile trading than they have over the past three to four weeks, but prices continue to be underpinned by the worsening situation in Ukraine. US President Biden said on Thursday that there was now every indication that Russia was planning to invade Ukraine in the next few days. Should this be the case, it seems likely there would be interruptions to wheat exports from the Black Sea region, which is a serious concern considering that Russia, Ukraine and Romania continue to dominate international tenders.

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
  1096 Hits
  0 Comments
1096 Hits
0 Comments

Frontrunner - 11th February 2022

BLOG---Frontrunner-Post-Cover-Header

The threat of conflict between Russia and Ukraine continues to generate price volatility in world wheat markets. The week started with an optimistic view from traders that a diplomatic solution to the tensions could be found following a seemingly successful meeting between French president Emmanuel Macron and Russian president Vladimir Putin. This triggered a bout of selling on futures markets on Tuesday.

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

Continue reading
  996 Hits
  0 Comments
996 Hits
0 Comments

Frontrunner - 4th February 2022

BLOG---Frontrunner-Post-Cover-Header

Following last week's notable volatility, wheat markets started this week making sharp loses and struggled to find any form of recovery. The threat of conflict between Russia and Ukraine remains and, should this be realised, wheat futures prices would rally again. Speculative longs have, however, been encouraged by progress with diplomatic solutions, with many having subsequently taken the exit, bringing futures prices down in the process.

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 Powell.

Continue reading
  1053 Hits
  0 Comments
1053 Hits
0 Comments

Frontrunner - 28th January 2022

BLOG---Frontrunner-Post-Cover-Header

The world's wheat markets have seen significant price volatility this week. Fuelled by news reports of increased tension between Russia and the Ukraine, short covering and speculative buying extended gains on Chicago Board of Trade (CBOT) wheat futures by 6% by the close of Tuesday and took the market to its highest level since the end of November last year.

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

Continue reading
  1030 Hits
  0 Comments
1030 Hits
0 Comments

Frontrunner - 21st January 2022

BLOG---Frontrunner-Post-Cover-Header

World wheat markets rallied sharply this week, reacting to mainstream media reports of increasing tension between Russia and the Ukraine. This was highlighted by Chicago Board of Trade (CBOT) wheat futures which gained over 7% and, in doing so, recaptured all the losses they had made so far in 2022.

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
  1142 Hits
  0 Comments
1142 Hits
0 Comments

Frontrunner - 14th January 2022

BLOG---Frontrunner-Post-Cover-Header

World wheat prices have fallen again this week, which was highlighted by London wheat futures. Thisextended losses to the lowest level since the middle of last October. Paris wheat futures have led the way down with increasing concerns that the EU export pace is falling behind where it needs to be to meet export estimates.

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

Continue reading
  1114 Hits
  0 Comments
1114 Hits
0 Comments

Frontrunner - 7th January 2022

BLOG---Frontrunner-Post-Cover-Header

Wheat markets made an uncertain start to 2022 but after some early small gains, trade futures prices posted some notable losses. This week, Chicago Board of Trade (CBOT) wheat prices fell to their lowest since mid-October and were followed by the Paris and London futures markets. Strong price support had been expected to continue to come from the world's major wheat importers – including Egypt, China and Algeria - as it had done throughout December. However, such support was found lacking this 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, Sophie Powell.

Continue reading
  1161 Hits
  0 Comments
1161 Hits
0 Comments

Frontrunner - 17th December 2021

BLOG---Frontrunner-Post-Cover-Header

Wheat futures markets fell heavily mid-week, losing almost 4% of their value. A number of changing elements led to this long liquidation resulting in the loss of all the gains made last month and the new record high prices. The fast-spreading Omicron variant of Covid-19 presents a host of uncertainties but will almost certainly result in lower demand as the hospitality trade once again has to manage lost business. However, there are changing fundamentals that point towards a more relaxed world wheat balance sheet with an increased supply from some of the world's major wheat exporters.

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

Continue reading
  1175 Hits
  0 Comments
1175 Hits
0 Comments

Frontrunner - 10th December 2021

BLOG---Frontrunner-Post-Cover-Header

The United States Department of Agriculture (USDA) published its December World Agricultural Supply and Demand Estimates (WASDE) report on Thursday, presenting a bearish set of wheat data. World production is seen 2.61 million tonnes higher than last month at 777.89 million tonnes. Overall, wheat supplies are seen up 4.3 million tonnes with increased carry in from last season. Production volumes reflect recent official revised estimates which have seen many increases since figures were previously released.

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

Continue reading
  1158 Hits
  0 Comments
1158 Hits
0 Comments

Frontrunner - 26th November 2021

BLOG---Frontrunner-Post-Cover-Header

European wheat futures rallied further this week, striking new record-high levels as bullish drivers continue to influence markets. Adverse wet weather across east and southeast Australia has proved damaging for wheat crops with reports of sprouted grains and quality wheat consigned to the feed bin. The world's major milling wheat importers were hoping that the arrival of a predicted bumper crop in Australia would ease the tight supply of quality wheat and cap record prices but that may no longer be the case.

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 Powell.

Continue reading
  1456 Hits
  0 Comments
1456 Hits
0 Comments

Frontrunner - 19th November 2021

BLOG---Frontrunner-Post-Cover-Header

European wheat futures struck new record highs in volatile trading this week. Markets continued to rise, reacting to further notable purchases from some of the world's major wheat importers while being mindful of the likelihood of further export restrictions for Russia, the world's primary wheat exporter. Algeria weighed in with a chunky purchase, thought to be up to 800,000 tonnes, having to pay up to $384/t including freight for shipment mid-December to the end of January.

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

Continue reading
  1347 Hits
  0 Comments
1347 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