Week Beginning 21st November 2016

The London LIFFE wheat future for November 2016 closed at £139.50/T on Friday evening (18th November), £2.00/T higher than the week previous. Given that the nearby wheat future has made notable gains over the last seven days, ex-farm values are unchanged. Feed wheat for spot collection (pre-Christmas) is being offered at £138.00/T – £139.00/T ex-farm. Again, several growers are hoping...
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Week Beginning 14th November 2016

The London LIFFE wheat future for November 2016 closed at £137.50/T on Friday evening following an extremely unusual week. The announcement that Donald Trump would be the next US president on Wednesday morning shocked both the world and the global commodity markets. Initially, the dollar plummeted against other major currencies but has since recovered. This morning, the pound is approaching the...
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Week Beginning 7th November 2016

The London LIFFE wheat future for November 2016 has traded at £138.10/T this morning following a volatile week. Worldwide currency fluctuations ahead of tomorrow’s US election are making the value of UK feed wheat a very difficult commodity to price at the minute – hence the large disparities in ex-farm values.   After reading various articles online regarding tomorrow’s election and...
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A Little Malting Barley Update

Earlier in 2016 the Scotch Whisky association reported that Scottish whisky exports by volume returned to growth for the first time since 2013. As a malting barley buyer, this was very welcome news, particularly given the on-going weakening of the pound which should aid competitiveness. Furthermore, Scotland is estimated to have produced the smallest spring barley crop for 18 years at an...
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1st November 2016

Both old crop and new crop feed wheat values have continued to rise this week as the value of the pound continues to decline. Old crop feed wheat for spot collection is currently valued in the region of £137.00/T – £138.00/T whilst movement into the New Year is bid at £140.00/T ex-farm. Looking ahead, it is difficult to judge the overall direction of the old crop grain market. We are...
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