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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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Working more efficiently in the field

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I spend a lot of time with farmers and agronomists talking about how they can be more efficient with their time. One of the ways they can achieve this is through capturing observations in the field, using digital tools such as the MyRecs app within MyFarm or the iSOYL Scout app. Recording black-grass and locating the actual affected area using GPS,...
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Midweek market report – 12th June 2019

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Of late, the primary wheat market driver has been the delayed US corn planting. Earlier this week, the trade patiently waited for two sets of data about the situation to help gain a steer on the next likely wheat price movements. The first of these data sets came on Monday evening in the form of the latest weekly US crop report. It put the drilled ...
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Maximizing grassland production

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Much of the grass in Herefordshire, where I am based, suffered during the difficult weather conditions of 2018 and consequently producers should focus on optimising nutrition to restore both quality and yield potential to former levels, with K and S being essential in this process. This season NKS fertilisers containing potash and sulphur alongside...
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Open Farm Sunday – five developments that wowed the public

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Yesterday, scores of farms around the UK opened their doors for Open Farm Sunday , an annual event organised by LEAF (Linking the Environment and Food) and sponsored by our parent company Frontier Agriculture since 2008. The SOYL team across the UK supported a number of Open Farm Sunday events which our farmer customers were hosting. What thou...
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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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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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Nitrogen – can you manage risk and flex your profitability?

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New season 2019 It is likely we will see a higher starting value for ammonium nitrate fertiliser in the UK this year. Recent announcements on the continent have indicated a rise of at least £20 - £25/tonne is likely. In addition, the granular urea market remains very firm and the pound has weakened; both of which lead industry commentators to predi...
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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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How can precision help guide nitrogen applications on milling wheat?

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Many people might assume that yield is the best indicator of whether they have got their nitrogen applications right. However, a better indicator is the protein level in the grain. Grain protein Grain protein with optimum nitrogen for yield in feed varieties is consistently about 11% (1.9%N). Bread making varieties optimise for yield at around 12% ...
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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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High res imagery; allowing innovation and intervention

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Remote sensing in agriculture is nothing new. However, with drones gaining more publicity over the last few years, some would argue it has felt somewhat revolutionary all over again. Rather than new sensors, what actually came along were new platforms and all too often it is only these that get the attention. We're all made aware when the latest se...
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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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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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Timeliness is next to Godliness

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It isn't news to emphasise that one of our key current challen ges is the well publicised yield plateau. Whenever the next thumping crop yield is announced we all want to know how it was grown and then, when we do know, we sit back and assume we could never achieve it. Often the soil type was better than ours or the nitrogen rate was extraordinaril...
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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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