We’re working on a new and improved website. In the meantime you can continue to access our existing site.

Frontrunner - 15th December 2023

This week world markets dropped lower, ending last week's strong run of prices in US wheat futures.

Chicago Board of Trade (CBOT) has lost almost half the gains it made after China purchased 1.1 million tonnes of US wheat, meanwhile Black Sea origins reinforced dominance in world trade. 

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Sophie Whiteman. 

Continue reading

Frontrunner - 8th December 2023

This week, China - the world's largest wheat producing country - has put pen to paper with US wheat exporters. Published sales data showed US traders selling around one million tonnes of US wheat to the country and in the process triggered a sharp price rally. As a result of this, the short covering launched Chicago Board of Trade (CBOT) futures 15% higher from the previous week's multi-month lows.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Ollie Wilson.

Continue reading

Frontrunner - 1st December 2023

Earlier this week, Paris wheat futures dropped to their lowest level in over two years following disappointing export news.

Up to Sunday 26th November, the latest trade data from Brussels put EU wheat exports up to 11.995 million tonnes - 18% behind last year when 14.677 million tonnes had been shipped in the same period. 

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by agronomist, Alex Pope.

Continue reading

The Recommended List: New wheat varieties will broaden options for 2024

Five new varieties of winter wheat have been added to the Agriculture and Horticulture Development Board (AHDB) Recommended List for 2024. These new arrivals offer valuable alternatives for planting next autumn and bring some much-needed diversity to the feed wheat sector, breathing fresh life into the tired looking Group 1 bread-making and Group 3 biscuit markets.

Continue reading

Frontrunner - 24th November 2023

World wheat markets have come under further selling pressure this week, with little to no fresh bullish features to be seen.

Whilst demand slows, an improvement in the weather and crop ratings has encouraged speculative funds to build on their short positions in agricultural markets.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Sophie Whiteman. 

Continue reading

Frontrunner - 17th November 2023

Last week's price spike because of Black Sea supply concerns and confusion over a cap on Russian grain exports seems a distant memory.

The plentiful nearby physical wheat supply is again weighing on markets and whilst Russian exports continue to power ahead, the EU and US are left trailing in its wake. Russia is expected to have its poorest performing month in November since the start of the season, but despite that the country is likely to ship about four million tonnes of wheat as it continues to dominate world trade.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Luncinda Redgate.

Continue reading

Frontrunner - 10th November 2023

This week has brought more volatility across the US and European wheat markets.

On 3rd November, London International LIFFE (Financial Futures and Options Exchange) closed at £200.50/t. Since then, London futures traded in a £7.05/t range between £205.00/t and £197.95/t before closing last night at £201.05/t.

MATIF (Marché à Terme International de France) followed a similar pattern, closing at €240.00/t on 3rd November. Futures traded in a €8.25/t range between €245.00/t and €236.75/t before closing at €239.75/t last night.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by marketing assistant, Becca Russell. 

Continue reading

Frontrunner - 3rd November 2023

It has been a relatively quiet trade week, with a lot of Europe out of the market for All Saints Day on Wednesday. The Marché à Terme International de France (MATIF) remained open, but it was very quiet.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Sophie Whiteman.

Continue reading

Considerations for late drilling in wet conditions

During the recent visit from Storm Babet, exceptional levels of rainfall fell in a short period and saturated a lot of land in many parts of the UK. The concern now – particularly with more rain on the way – is the interruption caused to drilling progress, with some fields already destined for spring cropping. Crops drilled more recently have also been affected by waterlogging and significant runoff, which causes ruts and the loss of seed.

If you've found you're experiencing some of these issues in the aftermath of such severe rainfall, you're probably wondering what the best course of action is. Depending on your situation, there are a few options that could still mean you're able to get a crop in the ground and off to a good start. 

Continue reading

Frontrunner - 27th October 2023

European wheat futures prices were notably lower this week with little fresh trade news to enthuse buying. Amid strong Black Sea competition, the disappointing EU wheat export pace is behind last season and is leading to concerns that a burdensome carry out will come into fruition. Whilst analysts say there haven't yet been any Chinese vessels to collect recently bought French wheat for the week ending 22nd October, the EU still managed to ship 520,000 of wheat. Cumulative shipments have reached 9.334 million tonnes which compares to the 11.984 million tonnes shipped this time last year - although data is not complete.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Lucinda Redgate.

Continue reading

Frontrunner - 20th October 2023

World wheat futures markets have been choppy this week, but have edged forward and recovered from the lows seen at the end of last month.

Speculative funds holding significant short positions have taken some cover because of the uncertainty around increasing tensions in the Middle East, as well as the rise in other commodity prices such as crude oil. 

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Sophie Whiteman. 

Continue reading

Using pre-emergence herbicides in wet conditions

The current wet conditions mean slow progress for cereal drilling, with some areas of the UK more severely affected than others. Naturally, such delays are having a subsequent impact on pre-emergence herbicide plans and timings.

The wet weather may mean you're unable to travel on fields, or that your seedbeds cannot receive a herbicide treatment. Even if you can get crops in the ground, imminent rain reduces the chance of applying pre-emergence herbicides within 48 hours of drilling - the optimum timing for grassweed control. 

Continue reading

The future of oat weed control

This autumn, oat growers across the UK face new crop management considerations following the news that the pre-emergence herbicide, Liberator (flufenacet + diflufenican), can no longer be used on the crop.

The change comes after oats were newly categorised as a 'major crop' by the Chemicals Regulation Division (CRD), meaning all Extensions of Authorisation for Minor Uses (EAMUs) have now been revoked. This leaves growers with no residual herbicide options apart from Sempra XL, though this can only be used on oat crops which are being grown for seed.

Continue reading

Frontrunner - 13th October 2023

Wheat futures markets came under pressure again this week, extending recent losses under the weight of fresh export sales from Russia. .

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Ollie Wilson. 

Continue reading

Frontrunner - 6th October 2023

Late last Friday the United States Department of Agriculture (USDA) updated the markets with its latest US wheat production estimates. The data showed a marked increase over its previous figures, ahead of the most upbeat pre-report trader estimates, which resulted in a sharp fall in wheat futures.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Lucinda Redgate.

Continue reading

Frontrunner - 29th September 2023

Russia's appetite for world wheat export market share continues to be the primary bearish market driver. The latest estimates see Russia shipping 5.1 million tonnes of wheat in September and although this is 200,000 tonnes below last month, the first quarter of the season will now see a staggering 14.8 million tonnes shipped. On average, this figure is more than one million tonnes each week. There's also a quest for future sales, made evident by the news of intergovernmental discussions with Egypt for the supply of another one million tonnes of wheat. 

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by marketing assistant, Becca Russell.

Continue reading

Frontrunner - 22nd September 2023

Despite UK wheat futures prices falling back from their recent highs earlier this week, weaker sterling is now edging them upwards although current values are only £10/t over the futures contract lows.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Sophie Whiteman. 

Continue reading

Take the chance to boost your forage stocks this autumn

With the relentlessly wet harvest at an end for most - or very nearly at an end - thoughts have already turned towards new season crop establishment.

This time last year, following the very dry summer, many grappled with poor conditions for sowing grass and forage and as a result quite a lot of seed remained in the shed. Our colleague, Dave Harris, did a great blog earlier this year highlighting the value in reseeding grassland and investing into new leys.

Continue reading

Frontrunner - 15th September 2023

Last week's trade ended quietly with all markets posting small losses at the close. The London International Financial Futures and Options Exchange (LIFFE) was down £0.85/t, Marché à Terme International de France (MATIF) lost €1.50/t and the Chicago Board of Trade (CBOT) fell by $0.05/t.

You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Lucinda Redgate.

Continue reading

What's all this talk about winter cover crops?

Some of you will be familiar with the use of winter cover crops and may drill them already, but for those of you still with bare land or contemplating them for the first time, there is still an opportunity to bring them into the rotation. With the recent hotter temperatures helping many areas to retain warm soils, conditions are favourable for drilling too, meaning cover could soon be bringing a host of benefits to your farm.

Continue reading

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use and how to delete them, see our Cookie Policy.

OK