Week Beginning 25th April 2016

The London LIFFE wheat future for May 2016 closed at £105.55/T on Friday evening (22nd April) after falling £2.00/T that afternoon. Regardless, this is £1.35/T higher than the future’s close the previous week. Old crop futures were extremely volatile last week – feed wheat for spot collection has valued anywhere between £102.00/T – £107.00/T ex-farm over the last seven days. Short...
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Week Beginning 18th April 2016

The London LIFFE wheat future for May 2016 closed at £104.15/T on Friday evening (15th April), £2.10/T lower than the week previous. In opening trade this morning the future is valued a further £0.50/T lower at £103.65/T. Feed wheat for spot collection is currently valued in the region of £103.00/T – £104.00/T ex-farm buy buyer-interest is limited. Vivergo (Hull’s bio-ethanol plant)...
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Week Beginning 11th April 2016

The new crop feed wheat market has suffered a volatile fortnight as the London LIFFE wheat future for November 2016 struggles to break the £120.00/T. Values have ranged anywhere from £116.00/T – £120.00/T over the last ten days or so due to a mix of currency fluctuations, weather issues and production forecast adjustments. Feed wheat for September collection is currently valued in the...
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All to play for in 2017?

Old crop values have succumbed to significant market pressure over the last few weeks with current values trading just above the recent market lows of £100.00/T ex-farm. Following a very successful harvest last year, the UK is believed to have produced around 16.7 million tonnes of wheat, the largest crop seen since 2008. With export opportunities limited due to tough foreign competition,...
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