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Frontrunner - 2nd November 2018

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WHEAT Russian rumours rumble on The world's leading wheat exporter has played a major part influencing prices this season. Wheat yields slashed by adverse weather saw their crop drop more than 15 million tonnes on last year's record 85 million tonnes. In August, rumours of a possible Russian export ban sent the world's wheat future markets soaring ...
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The laws of physics or the rules of nature?

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When I was a lad at school the laws of physics, including Newton's third rule " for every action there is an equal and opposite reaction, " seemed of little consequence to me. However, as I grew up I came to realise that the laws of physics are all around us every day and life is bound inextricably to them. To a certain extent nature applies its ow...
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Frontrunner - 26th October 2018

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WHEAT Ensus announcement weighs on prices in the North On Monday, CropEnergies announced that their Ensus bioethanol plant in Teeside would pause production from the end of November "due to the difficult market conditions". With the plant having historically used a combination of both wheat and maize the news came as a shock to the UK grain trade, ...
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Market report - 25th October 2018

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World markets US wheat futures have traded down to six-week lows. This is partly due to poor US export figures but, for the most part, is lead by politics. A two-month high in the US dollar is weighing on US wheat, as are falling equity and crude oil markets. A number of weather issues have been impacting grain markets but these are now well accoun...
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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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The value of fresh phosphate fertiliser

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​ For the most part, many of us will admit that when it comes to fertiliser applications we can be guilty of concentrating solely on the application of nitrogen. The most common questions often revolve around the correct nitrogen rates and predicted yield responses but, in all honesty, it isn't all we should be thinking about. As an industry, when ...
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Think like a racing driver when selling your grain

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This blog was first featured as an article in the October issue of Three Counties Farmer : There are few jobs that could be classed as 24/7, 365 days a year but farming is one of them. For those who sell their combinable crops, the grain market is ever changing and the global markets also sit within this 'open all hours' bracket. We often draw para...
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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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Market report - 24th September 2018

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World markets: Chicago wheat futures closed slightly lower on Friday but still showed a net gain of 2% on the week. After starting lower early last week, wheat fought back with gains driven by more bad weather in Australia and rising black sea prices. The US spring wheat harvest is nearly finished, now at 97% complete and winter wheat plantings are...
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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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Market report - 18th September 2018

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World markets: US wheat futures continued to slide yesterday. The fund sell off that started with the USDA report last Wednesday night has continued into the start of this week, keeping the negative tone in wheat markets. The trade war between the US and China has returned to the headlines, as President Trump imposes new tariffs on the equivalent o...
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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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Market report - 13th September 2018

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World markets: US wheat dropped sharply after yesterday's United States Department of Agriculture (USDA) report; corn numbers were the biggest driver in grains and the numbers were very bearish. US corn yields were raised to 181.3 bushels per acre which was well above the trade's estimates. Eight states were seen as producing record yields and this...
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The value of straw

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This blog was first featured as an article in the September issue of Three Counties Farmer With the frailties of an uncertain future post-Brexit combined with severe weather conditions across the UK, farmers are being brought even closer together to combat the difficulties we now face. The NFU called for arable farmers to bale all of their straw th...
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Market report - 11th September 2018

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World markets: US wheat started the week stronger yesterday, supported by a downgrade to the Australian crop from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) and more speculation about possible Russian export restrictions. US exports are currently running 31% down from last year's pace – a restriction to Russi...
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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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Market report - 4th September 2018

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World Markets: The US was closed yesterday for their Labor Day holiday, but traded lower on the overnight session following news from Russia that counteracted last week's ideas of export restrictions. The Russian Ministry of Agriculture said yesterday that they do not consider it necessary to introduce export duties or restrictions but they are con...
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Market report - 3rd September 2018

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World Markets: US wheat started last week lower, pressured by funds exiting long positions in wheat. However, midweek saw some support come back into the market, lifting it to a higher close over the week. The lift came from Russia's announcement to cap wheat exports at 25 million tonnes and an all-grains total of 30 million tonnes. The USDA curren...
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