Markets Unchanged as Buyer Interest Thins

The London LIFFE wheat future for January 2014 expired towards the end of last week at little more than £150/T – a contract low. Consequently, old crop values are now priced in accordance with both the March and July values although ex-farm values have continued to be heavily disassociated with the screen over the last week. It would appear that the suits in the city have a rather different...
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UK Wheat Imports Begin to Slow – Finally!

UK feed wheat values have continued to decline over the last seven days as local ex-farm values play catch up with the on-screen declines from the week previous. Feed wheat for spot collection last week fell below the £155/T ex-farm position and is currently trading at £150/T ex-farm. Movement further forward into the summer months offers little carry and end-user demand has become...
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London Wheat Struggles to Compete with USDA Data

The last seven days have brought a fairly brutal week to the grain markets with both old and new crop values showing significant signs of retreat. After falling a further £1.30/T on Friday (10th January), the London LIFFE wheat future for January 14 closed for the week at £154.50/T that evening – £6.45/T lower than the week previous and the lowest we have seen the January 14 wheat...
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Welcome Back…

Unsurprisingly markets are slow to get started this morning and we have so far seen very little end-user interest. When we finished for the Christmas break on Friday 20th December, the London LIFFE wheat future for January 2014 was trading somewhere in the region of £164-165/T. As of this morning, January 2014 is currently trading at £160.95/T. Ex-farm vales for feed wheat currently equate...
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