Markets Stagnate

There has been little change to UK feed wheat values over the last seven days as ex-farm prices for spot collection continue to maintain their £150/T position. The “on screen” values have once again tested the waters at the equivalent of sub £150/T ex-farm, but the physical end-users have kept this benchmark figure obtainable in order to keep trade moving. Demand has been slightly better...
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Price Pressure Continues

The London LIFFE wheat future closed at £152.50/T on Friday evening (13th September) – £5.00/T lower than the week previous. The latest WASDE from the USDA (see below for more) is predominantly responsible for the increased pressure we have seen on London wheat values over the last seven days; poor end-user demand and a further arrival of German wheat in at New Holland dock hasn’t...
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World Agricultural Supply and Demand Estimates from the US Department of Agriculture: September Highlights

WHEAT: Global wheat production is raised by 3M/T to a record 708.9M/T. European wheat production is raised by 1.5M/T. Global wheat consumption is lowered on reduced usage. Global wheat trade (trade between countries) is forecast higher on increased demand from Egypt, Iran and Brazil. Global wheat stocks are set to increase. MAIZE CORN: Global stocks are forecast 1.3M/T higher on increased...
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Prices Retreat as American Outlook Improves

The American weather forecast has dominated the global grain trade for the last three weeks. High temperatures and a severe lack of rainfall were beginning to threaten the yield potential of this season’s maize corn crop. As temperatures in America peaked, so did London wheat prices as feed wheat for spot collection touched £160/T ex-farm. As one of the largest feed grain supplies in the...
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