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Market report - 21st November 2019

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North Africa remained an active buyer, with Tunisia buying 75,000 tonnes earlier this week and Algeria – traditionally supplied by France – holding a tender for January delivery.

The latest data puts EU wheat exports more than 50% ahead of this time last year with over 10 million tonnes shipped, although this is seen as an underestimate. However, this pace will need to be maintained to keep markets buoyant. Analysts, Stratégie Grains estimate EU-28 wheat exports at 28.8 million tonnes – 8 million tonnes higher than last year. 

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Frontrunner - 15th November 2019

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Russian wheat exporters regained their competitive edge this week, securing significant sales to Egypt for delivery early January. Egypt bought 465,000 tonnes at just over $232 per tonne including freight and, although the two cheapest cargoes were from Ukraine, all the remaining 345,000 tonnes were of Russian origin. 

Russia was clearly determined to maintain their status as the leading supplier to Egypt, after having lost out to France in the previous week's tender.

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'Precision conservation'

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'Precision conservation' is a relatively new phrase within our collective businesses and, as such, it is right to ask the question: What does it actually refer to?

For most, 'precision' and 'conservation' are two words not immediately associated with one another. In an agricultural context, 'conservation' can have us thinking wistfully of tussocky field corners and snaking wildflower margins. Of course, when you really think about it, the location of these features is never by accident. Some planning is always involved and that's when the link between the two words becomes clearer.

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Frontrunner - 8th November 2019

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Concern over new crop wheat planting has driven prices this week. With an estimated winter wheat planted area of just 50%, compared to 95% this time last year, new crop wheat values moved up £7/mt.

Old crop wheat values have followed the new crop as farm selling remains light and domestic consumers still need plenty of cover for the balance of the crop year. 

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If you only attend one event this winter...

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Over the last 12 years, more than 10,000 customers have attended our annual series of winter events. While we've always covered the latest innovations in precision farming, this year I'm thrilled to say that we'll be sharing some of our most varied and forward-thinking content to date.

From November through to February, we're travelling the breadth of the UK to talk all things digital crop production as part of a series of half-day events. As with previous years, we'll be sharing the latest in precision technology including our research, industry developments and the latest updates to our own tools and applications. However, in a first we'll also be sharing the floor with colleagues from Frontier Agriculture and Kings Crops

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Frontrunner - 1st November 2019

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Brexit uncertainty and winter drilling delays in the UK continue to add volatility to wheat markets. Last weekend's Brexit extension significantly widened the window for tariff-free exports to the EU, which was seen by some as a bullish flag. 

In addition to this, the persistent deluge of rainfall continues to delay the drilling campaign with progress varying from one location and land-type to the next, so farmer selling of 2019 and 2020 crop has naturally slowed. As a result, London futures traded to £148.55 midweek which, along with new crop futures, was their highest level since mid-August.  

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Market report - 31st October 2019

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Fast export pace maintained across EU Since their low point at the end of August, the world's wheat markets continued to move higher this week. This increase in prices was illustrated by the purchases Egypt made on Tuesday in their latest tender for shipment during the first half of November. Egypt bought 235,000 tonnes at an average of over $235/t...
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Frontrunner - 25th October 2019

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WHEAT Markets treading water Wheat markets have moved sideways this week, lacking any fresh news. They are supported by the strong EU and Black Sea export pace, as well as mixed fortunes for winter drilling. By the end of last week, this season's EU wheat exports had exceeded 8 million tonnes, compared to 5.7 million tonnes this time last year...
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What value can MySOYL bring to your farm business?

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In my role as MySOYL Business Lead, I regularly talk to customers who are looking to find new technology to make their farms more efficient and profitable. In these conversations, one of the most common questions I get asked is " What is MySOYL and how can it help me ?" For those of you wondering the same, I thought I'd use this blog to answer this...
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Market report - 24th October 2019

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Australian drought continues while China offers US soy quota As Australia nears harvest, its market hit seven-week lows yesterday but there is zero export potential at this stage. On Friday, the National Australia Bank reported that the wheat crop could be capped at 15.5 million tonnes due to extreme dryness. US markets fell slightly as the EU and ...
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Do you have a phosphorus problem?

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In the UK, we don't have a domestic supply of artificial phosphorous fertiliser and so are therefore reliant on imported sources of nutrient phosphorus. Part of this means that we often experience some volatility in pricing, usually influenced by fluctuations in currency, available volume, country of origin and – more recently – political developme...
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Frontrunner - 18th October 2019

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WHEAT Adverse weather supports UK prices The Agriculture and Horticulture Development Board (AHDB) published their first provisional UK wheat supply and demand estimates for the 2019/20 season this week. The balance sheet contains the first production estimate from the Department for Environment, Food & Rural Affair (DEFRA) – 16.283 million ton...
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Using MyAccount - what if you're not a 'techie'?

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Digital innovation, new technology and the million reasons why I have been doing everything wrong for the last 30 years seem to be everywhere at the moment. The press is full of stories about technology that promises me robots and self-driving tractors, as well as predictions of when my crops will next be under attack by everything from septoria to...
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Frontrunner - 11th October 2019

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WHEAT USDA dampens grain markets The United States Department of Agriculture (USDA) published their October world supply and demand estimates on Thursday. Trader focus was on an expected cut in US corn yields given the delayed planting, plant maturity and harvest progress. However, the USDA actually increased yield albeit marginally on the previous...
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Next time you log into MySOYL...

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I was recently speaking to a SOYL customer on the phone as he logged back into MySOYL for the first time in a few months. As I talked him through the steps, he hesitated when he got to the main dashboard after logging in. "What do all these other buttons do?" he queried. ​ He was referring to some of the other applications available alongside MySOY...
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Frontrunner - 4th October 2019

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WHEAT Exports This week, UK wheat markets have continued to focus on export trade flows in the south and east coast ports, with the north and west seeing limited fresh consumer demand. The port pull remains strong, with lorry freight significantly under pressure as vessels continue to arrive for wheat (and barley) ahead of the potential Brext deadl...
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What is MyFarm?

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​ While some of our customers are already familiar with our farm management platform, MyFarm, a recent upgrade has led to some exciting developments to its applications and overall functionality. Free to all Frontier customers, the latest version has been designed as a result of farmer-feedback. The platform now provides a one-stop shop to manage e...
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Frontrunner - 27th September 2019

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WHEAT Wheat prices continue to rise Demand for wheat supplies to UK ports saw prices rally to a near six-week high on Friday. This performance was matched by French wheat futures which were reacting to the fast EU export pace and a continued flow of tenders held by the world's major importers. Helped by continued euro weakness which hit a 28-month ...
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Frontrunner - 20th September 2019

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WHEAT Big crops get bigger? There is an old saying that 'big crops get bigger' and it seems that it is true. This week well respected analyst, Strategie Grains' September report increased the size of the 2019 EU-28 wheat crop again to 144.5 million tonnes. This is 1.6 million tonnes up on the estimate they made last month and a hefty 17.6 million t...
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Frontrunner - 13th September 2019

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WHEAT Latest USDA World Supply and Demand Report review The United States Department of Agriculture (USDA) published their September World Supply and Demand estimates on Thursday; it came with minor changes from the previous report and therefore no surprises. There were small cuts in world production for both wheat and corn, but increases in carry-...
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