A little warning from the IGC…

The last seven days have brought an ultimately bearish week to the grain markets. London LIFFE futures for old crop wheat have fallen by around £5/T on the week previous, whilst new crop values have fallen slightly less at around £2.50/T.   The London LIFFE wheat future for May 13 closed at £191.90/T on Friday evening – £3.60/T lower than the week previous and the lowest close for...
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Harvest 2013 – A repeat of 2001

The last seven days have brought a rather mixed week to the grain markets; old crop values have continued to decline well below the benchmark £200/T, whilst new crop values have held onto their £180/T position for post-harvest collection. Spot collection feed wheat then is currently valued somewhere around the £196/T ex-farm mark (depending on quality specification and farm location) whilst...
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Key Data Adds Pressure to Values

The last seven days have brought an incredibly quiet week to the grain markets. Both old and new crop on-screen values are virtually unchanged on the week previous whilst ex-farm values are slightly poorer due to a lack of fresh demand. As promised, this last week has marked the arrival of three key reports; firstly, this month’s World Agricultural Supply and Demand Estimates (WASDE) from the...
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