Frontrunner - 19th October 2018

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WHEAT Quiet markets drift Fresh market features have been lacking this week and, helped by firmer sterling, UK wheat prices have dropped to a four-week low. Consumers have good cover through to the new year and with port stores bulging with imported wheat and maize, any short term price improvement looks unlikely. Bull traders continue to look to R...
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Frontrunner - 12th October 2018

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WHEAT UK markets UK wheat markets have traded defensively this week. Demand continues to be serviced by the market in an orderly fashion, keeping prices and milling premiums subdued. This comes even as the pace of farm gate selling slows significantly, in part due to the ideal drilling conditions this week. DEFRA figures The market has now had time...
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Frontrunner - 5th October 2018

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WHEAT  Demand for UK feed narrows premiums Consumer demand for feed wheat leant support to UK prices this week, with futures and physical grain trading up £4-£5 over the five days. Strong demand from the pig and poultry sectors, as well as ruminants, pushed some feed compounders to consider current lower prices as a 'buy.' Pitched against a we...
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Frontrunner - 28th September 2018

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WHEAT  Slow trade This week's wheat market has moved in a very narrow trading range, seeing no fresh features of note giving any particular price direction. The USDA will publish their quarterly stocks report late this afternoon after we go to print, which is expected to reinforce bearish carry out figures for US grains. Final 2017/18 UK balan...
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Frontrunner - 21st September 2018

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WHEAT  Market reactions UK markets fought back this week with £5/t gains on London wheat futures, reversing the downward trend seen for the majority of the past month. Global markets galvanised support from the less-than-ideal harvesting conditions in the Russian spring wheat area, as well as dry and unseasonably cold temperatures hitting the ...
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Frontrunner - 14th September 2018

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WHEAT  USDA report sets a bearish scene; Wednesday's much anticipated USDA report shocked the trade, with significant increases to US corn yields well above the average trade estimates released before the report. Global corn production was also increased to 1,069 million tonnes. Although not directly related to wheat prices, this 35 million to...
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Frontrunner - 7th September 2018

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WHEAT  Wheat prices on the slide London wheat futures lost £8 per tonne this week, slipping to seven-week lows as the bullish rivers ran dry. Russia chose not to introduce any restrictions to their wheat exports and this has been the catalyst for a wave of long liquidation on world futures markets. However, it is likely that this issue will re...
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Frontrunner - 31st August 2018

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WHEAT  Price shift predictions The decline in prices over the past fortnight has been halted this week, with UK levels re-bounding some £5/t at the farm gate. A finely balanced UK supply (alongside ongoing concerns about how the global flow of wheat will be maintained from Russia, the current cheapest origin) continues to cause nervousness amo...
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Frontrunner - 24th August 2018

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WHEAT  UK prices under further pressure London futures fell a further £8/t this week on harvest news and the prospect of heavy imports in the coming months. Until recently, the UK was pricing at import parity in order to balance a tight supply situation and the weight of this is now being felt. Add to this the predictable pressure that comes w...
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Frontrunner - 17th August 2018

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WHEAT  Politics helps wheat prices jump higher Wheat prices have recently enjoyed a major price rally gaining £40/t since the middle of June. Markets have been driven higher by adverse weather impacting on crops and cutting output for most of the world's major exporting countries. However, the USDA report last week triggered a sell off and UK ...
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Frontrunner - 11th August 2018

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WHEAT  Supportive markets Wheat markets continued the supportive tone for the early part of the week, fuelled by further concerns over production in various regions in the world. Australia is the latest country to further reduce its likely output, with some suggestions of this year's crop being nearer 16 million tonnes versus 21 million last y...
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Frontrunner - 3rd August 2018

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WHEAT  Buoyant UK market Another volatile week in the UK grain trade saw November futures hit new contract highs of £195 on Thursday, fuelled by crop issues globally. As a result, we saw a good level of farmer selling for both 2018 and 2019 crop at levels well above the cost of production. Wheat harvest nationally lies at around 40% complete, ...
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Frontrunner - 27th July 2018

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WHEAT  Volatile UK wheat prices In reaction to further cuts to European wheat crop estimates, speculative trading and consumer short covering lifted the wheat market sharply higher this week. London wheat futures rallied to new contract highs on Thursday, with the November 2018 contract trading above £190.00/t.This was almost £15/t up on the p...
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Frontrunner - 20th July 2018

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WHEAT  UK prices firm again Domestic wheat prices firmed a further £3-£5 this week, despite harvest progressing well across Europe. In a year when UK wheat output is forecasted at or below 14 million tonnes, we will be relying more heavily on imports and therefore price movements around Europe affect us more than normal. Crop reductions in som...
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Frontrunner - 13th July 2018

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WHEAT  Wheat report from the USDA Yesterday, the USDA published their July World Supply and Demand Estimates. They highlighted the tightening global balance sheet making further cuts in output to many of the world's major wheat producers. From their June report, they see Australia down two million tonnes, the EU down 4.4 million tonnes, Russia...
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Frontrunner - 6th July 2018

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WHEAT  Production losses impact prices European markets took fright this week, following analyst trading houses citing their expectation of further production losses throughout EU wheat crops as harvest gets underway. The price reaction has been a shock for the market, with London wheat futures for new crop swinging higher by £13 at its peak s...
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Frontrunner - 29th June 2018

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WHEAT  US markets slide further US wheat closed the week slightly weaker, as fund selling pressurised futures lower. Focus remains on trade issues between the US and China as they continue to make headlines. Despite this, the US remains overvalued as an exporter compared to the likes of Russia and we could see further devaluation in the coming...
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Frontrunner - 22nd June 2018

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WHEAT  The Trump factor The recent market trend for higher prices has reflected concerns for global wheat where adverse weather has been hurting crops in North America, Russia, North West Europe and Australia.However, the beginning of this week saw all this discarded as the Trump administration ramped up its trade dispute with China. Talk that...
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Pulse crops – what should you do now?

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It has not been an easy year to get any crops drilled in the traditional spring-sowing window of February-March. The winter rainfall and then the 'Beast from the East' all conspired to mean that no drilling took place until the second week of April in the majority of the country. After that, many growers wanted to get their barley crops drilled fir...
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Frontrunner - 15th June 2018

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WHEAT Markets lose grip World wheat markets have reversed sharply this week; with US wheat giving away nearly a month's worth of gains. Weather markets are still in play but the stresses in some regions have abated, as rains aid establishment in Australia and improve corn and spring wheat conditions in the US. However, there are still enough flags ...
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1532 Hits
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