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Market report - 6th June 2019

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Disastrous planting conditions in the US continue to hamper progress. As of Monday, the reports were of 69% planted compared to the 96% average. It is difficult to quantify total crop losses until the final drilling dates and these vary in each state, however, there is already talk of 8 million acres of Prevented Planting insurance already claimed....
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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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Midweek market report - 29th May 2019

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Globally, wheat prices have continued to rise on the back of the US corn planting pace. Currently the single market driver, corn planting progress is now at a record low following adverse wet weather. Crops planted at this late stage lose yield potential, with some at risk of not being planted at all. Last night, the United States Department of Agr...
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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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22nd May 2019 - Midweek market report

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Tomorrow marks the last trading day for May London futures and, over the last few weeks, we've seen a large volume of futures tendered right the way from Edinburgh to Kent. As such, the added weight of physical grain has pushed prices around £10 lower since the start of the month. Consumers are well aware of this and are therefore in no rush to cov...
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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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15th May 2019 - Midweek market report

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The USDA's first stab at 2019/20 world wheat and corn balance sheets last Friday indicated a boost of supplies and extended the recent weak price trend. Early this week, French and London wheat futures hit new contract lows as markets reacted to the USDA forecasts for record world wheat and corn crops next season; put at 777 million tonnes and 1,17...
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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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Frontrunner - 10th May 2019

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WHEAT Weather and politics send markets lower Changing weather conditions brought rain to the UK and the near continent this week. This was seen as beneficial for wheat crops and triggered a fall in French and London wheat futures, pushing them down to fresh contract lows.In recent weeks, new crop wheat prices have traded in a narrow range, support...
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8th May 2019 - Midweek market report

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UK feed wheat markets remain under pressure after Friday's sharp £3.80 futures sell-off. May LIFFE hasn't traded since then and open volume sitting on the exchange is around 60,000t, which could add further pressure to old crop prices if tendered. Consumer demand is understandably quiet as markets have a decidedly bearish feel to them and, for any ...
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Frontrunner - 3rd May 2019

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WHEAT Offered market as sellers exit Old crop markets have slipped lower during the week as more abundant supplies of both feed wheat and quality wheat seek demand. Buyers have taken the majority of their old crop cover now, however, the transition month of July to new crop could still prove interesting. Confidence grows that the UK balance sheet w...
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Midweek market report - 1st May 2019

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Wheat markets took a distinctly bearish turn yesterday, with EU markets and London futures led lower by the US wheat market. The winter wheat tour got underway in the US Southern Plains and saw good looking wheat crops with strong yield potential. Yields are estimated to be well above last year and at three year highs. CBOT Hard Red Winter wheat fu...
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Frontrunner - 26th April 2019

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WHEAT UK demand dwindling Old crop futures and physical prices continued to feel the pressure this week as buyers proved hard to find. Consumer buyers remain absent from the market and their hand-to-mouth approach seems to be working, as May LIFFE futures lost another £3 since returning from the Easter break. We have now entered the first notice pe...
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Midweek market report - 24th April 2019

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While many of us enjoyed the Easter weekend weather, both winter and spring crops were looking very thirsty as the British Isles broke temperature records. However, with rain now in the forecast and the weather pattern changing both here and in much of Western Europe, wheat futures markets started the working week with a bump lower. Concerns that t...
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1437 Hits
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Frontrunner - 18th April 2019

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WHEAT Rising Russian wheat crop estimates weigh on markets 2019 harvest wheat crop prospects for one of the world's most influential producers are improving according to the latest publications seen from analysts this week. Favourable autumn conditions and a kind winter coupled with uninterrupted spring drilling have seen the wheat area increase by...
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Frontrunner - 12th April 2019

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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...
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Mid-week market report - 10th April 2019

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The USDA published their April World Supply and Demand report yesterday and, as expected, it held bearish data – particularly for corn. World wheat production was put marginally lower at 732.87 million tonnes but falls in consumption saw year end stocks increase by five million to 275.61 million tonnes. This is just six million tonnes down on the y...
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Frontrunner - 5th April 2019

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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...
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Mid-week market report - 3rd April 2019

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The UK market continues to be in a state of confusion regarding our wheat crop size, and Brexit. As we enter the final quarter of the cropping year, there is no clarity on the UK wheat crop size. Estimates vary, from DEFRA projecting an area equating to a 13.95 million tonne crop, to the Basic Payment Scheme (BPS) survey suggesting a 100,000 hectar...
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Frontrunner - 29th March 2019

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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...
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