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Frontrunner - 30th August 2019

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WHEAT UK wheat harvest progress As the UK wheat harvest progressed rapidly this week and pushed through 80% complete, the Agriculture and Horticulture Development Board (AHDB) estimated production might breach 16 million tonnes, the highest since 2015. They report yields of 8.8 to 9 tonnes per hectare which is 6 to 8% above average. However, with f...
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Frontrunner - 23rd August 2019

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WHEAT Wheat prices continue to fall US, French and UK wheat futures fell further this week, with all markets hitting new contract lows. Following numerous spells of inclement weather in recent weeks hampering the wheat harvest, much of the UK has been more settled in recent days. This has allowed combining to progress rapidly and, fortunately, nota...
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Frontrunner - 16th August 2019

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WHEAT Heavy UK wheat crop weighs on prices London wheat futures fell to new contract lows this week as our market tried to find demand. Yields for most of the UK wheat crops harvested so far have been significantly higher than most expected, above the five year average, which points towards a sizeable exportable surplus. Recent sterling weakness ha...
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Frontrunner - 9th August 2019

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WHEAT A good start to harvest Dry weather for most of the week led to good harvest progress being made into quality wheat in the southern and eastern counties. However, this has now stalled as low pressure weather systems take charge for the weekend. Data is limited at this point but high yields are a significant feature so far in this season's cam...
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Frontrunner - 2nd August 2019

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WHEAT UK reliant on export bids This week's market movements clearly highlighted the importance of exports for supporting new crop wheat prices. Huge devaluation of the pound this week saw the currency trade at a two-year low against the US dollar and euro, pushing the UK towards export parity. The result of this meant futures and physical prices r...
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Frontrunner - 26th July 2019

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WHEAT Improving French wheat crop prospects Record breaking high temperatures during June were thought to have been damaging for wheat crops across Europe and some analysts have now cut their estimates accordingly. Leading European analysts, Strategie Grains, reported in July that they cut the 2019 EU-28 soft wheat harvest by 2.2 million tonnes to ...
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Self sampling at harvest will help you market grain in the year ahead

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Harvest is the stage of the farming calendar that poses the most risk for arable businesses. From keeping everyone safe on a busy farm to getting your crops into the store in the right condition; attention to detail is key. There's no doubt that the ease in which a grain sampler can turn up on farm during harvest, take a sample from your heap using...
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Frontrunner - 19th July 2019

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WHEAT ·          Harvestpressure caps prices The Northern Hemisphere wheat harvest is well underway withFrance now as far as 50% complete; poor demand remains a theme. As a result,European markets traded steadily lower as the week progressed, with LIFFENovember futures losing almost £1/t per day. The week beg...
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Give storage the same attention as yield in harvest conversations

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With combines already rolling in some areas, conversations across offices, farms, agricultural shows and pubs are ramping up about the yield potential of this year's crop. Harvest conversations between farmers, traders and others always interest me; watching the usual attempts to outdo each other is always an interesting sport. But as someone with ...
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Frontrunner - 12th July 2019

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WHEAT Expectations for a reduced Russian wheat crop gather momentum Upbeat crop estimates made earlier this year by many analysts estimated that the global wheat power-house, Russia would produce up to 85 million tonnes of wheat this coming harvest, adding bearish weight to markets. However, prolonged dry weather and heat during the spring and earl...
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Frontrunner - 5th July 2019

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WHEAT Market prices Markets have fallen considerably this week with most business concluded for old crop wheat. However, supplies continued to come forward, knocking farm gate prices by £4 to £6/t for old crop during the week. New crop markets are solely focussed on weather and with parts of the European harvest now underway, eyes will turn to the ...
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Frontrunner - 28th June 2019

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WHEAT US corn takes a back seat as markets are affected by EU heat wave Global grain markets have recently been underpinned by the disastrous US corn planting and there will remain an air of uncertainty until crops are harvested in the autumn. However, this week wheat markets were supported by factors closer to home as temperatures soared across we...
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Frontrunner - 21st June 2019

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WHEAT UK wheat trades lower Futures and physical prices lost around £5-£7 this week in the UK. For now, the rains have subsided and a warm, sunny weekend is forecast which is good news for developing wheat crops. Domestic consumers are fairly relaxed as crops with huge potential look set to yield well should the sunshine continue. The same is ...
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Frontrunner - 14th June 2019

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WHEAT USDA highlights US corn crop woes In their June World Supply and Demand Report published this week the United States Department of Agriculture (USDA) highlighted the impact of the delayed US corn planting as farmers continued their battle against ongoing heavy rain. Due to the adverse weather conditions, US farmers are predicted to plant 3 mi...
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Frontrunner - 7th June 2019

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WHEAT UK wheat markets under pressure Old crop and new crop wheat values made some losses this week. For old crop, consumer cover is relatively high and this week's latest Department for Environment, Food & Rural Affairs (Defra) figures confirmed a sizeable 1.98 million tonne carryout which is 266,000 tonne higher than a year ago. The smaller h...
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Frontrunner - 31st May 2019

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WHEAT US farmers struggle with adverse weather Continued adverse weather which has prevented US farmers from completing their corn crop planting this spring remains the primary world wheat price driver. The speculative funds had built a record short position on the United States Chicago Board of Trade (CBOT) corn futures market which earlier this m...
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Frontrunner - 24th May 2019

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WHEAT An abundance of old crop Old crop wheat continues to be offered to the market chasing a finite demand. It now seems that most millers and compounders have only the July transition gap to cover. The air of tightness around the UK balance sheet felt by the market some weeks ago has largely disappeared and now the emphasis is to off load supplie...
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Frontrunner - 17th May 2019

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WHEAT What a difference 24 hours makes On Monday we returned to markets which were still digesting last week's bearish USDA report and under some significant pressure. Global prices were sat at contract lows and the hedge funds in America held huge short positions after bigger than expected global stocks were forecasted in the report. Spill-over pr...
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OSR - The final nutrition decision

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It has been somewhat of a harrowing year for the OSR crop, with wide spread establishment issues followed by flea beetle larval damage leading to a number of crops unfortunately being ripped up.The remaining crops have gone on to endure some late frosts during flowering but, thanks to recent rainfall and warm weather, the good crops are now coming ...
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Frontrunner - Latest USDA fuels bearish trend

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WHEAT The USDA published their latest monthly world supply and demand report late on Friday afternoon as well as their first estimates for next season. The report did nothing to arrest the current bearish trend for wheat and corn markets although it could be argued that their production estimates for 2019/20 are optimistic. There is plenty of weath...
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