London wheat market within reach of a new price record

In last week’s column I commented that November 12 London wheat futures had been ‘stuck’ trading within a £10/T range, between £197-207/T, for a little over nine weeks. Last week saw futures trade in the top end of this range, putting £200/T ex-farm back on the table for spot movement. This week however has brought an end to this 9 week rut as November 12 futures hit a life time contract...
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The 67kg/hl bushel weight Baby

It has been another quiet, although seemingly bullish week for the grain markets over the last seven days. The November 2012 London LIFFE wheat future has continued to trade within its £10/T trading range between £197-207/T for the ninth week running, with little sign of breaking the trend. However, after a week of generally bullish news, futures have crept towards the top end of this trading...
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Harvest 2012: A wheat crop of 13.31M/T?

The first provisional estimates from this year’s production survey from DEFRA/HGCA (the first official estimates are due in November) are now available to view online. The estimates put this year’s total wheat crop at 13.31M/T – 13% down on last year. “Detrimental weather” is cited as responsible for the losses which brought the lowest average yield since 1988. Barley crops have...
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October’s WASDE from the USDA

To view this month’s estimates in full PDF format please see: http://www.usda.gov/oce/commodity/wasde/latest.pdf   If 40 pages dont exactly appeal, here are a few key points to consider: Wheat: US wheat ending stocks for the 2012-13 season are lowered 44 million bushels (about 1.2M/T). Production of the grain was raised slightly, but both feed and residual uses were increased far...
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Weekly Harvest Update 2012, FINAL REPORT

As this year’s harvest finally draws to a close, the final edition of the HGCA/ADAS’s weekly harvest updates has now been published. To view the report in full PDF format (which includes an overview of total harvest progress, a yield and quality summary and in depth weather outlook), please see the link...
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