£200.00/T?

The latest estimates from the AHDB have forecast this season’s wheat acreage at 1.5 million hectares. If realised, this will be the smallest UK area for almost forty years, since 1981. It is also a 17% decline on the area drilled last season for the bumper 2019 harvest. The above figure accounts for 287,000 hectares of spring wheat, the majority of which is yet to be drilled as the poor...
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Market Update

AHDB released a revised version of their Early Bird Planting Survey which takes place each autumn to assess national cropping intentions. To review the report in full, please see: https://ahdb.org.uk/cereals-oilseeds/early-bird-survey The total area forecast to be planted with wheat is 1.5 million hectares – the smallest acreage since 1981. This a 17% decline on the 2019 area and a 7%...
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Market Update

The Euro has fallen to its lowest level against the dollar since April 2017 at $1.08. This is thought to be due to the concerns surrounding the spread of coronavirus weighing heavily on the markets. Significantly, the pound broke the 1.20 mark against the euro last week. This morning, it is trading at 1.2028, the highest level seen since June 2016. Despite my constant reminder to...
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THE CHINA SYNDROME

Just when you thought it was safe to go outside, along comes storm Ciara and puts all the good work that was done on the land and in the potential wheat field the week before back in the ‘bin’.  Add to our cropping issues, the continued Coronavirus problems and its impact on the global stock and commodity markets and therefore the physical trade and movement of money, goods and...
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2020 CLOUDY VISION

So, here we are, New Year, New Government, Brexit Done! But not much in the ‘Farming World’ is any clearer than it was in 2019.  The relative firmness of the pre-Christmas wheat market has continued through into the new year as it becomes apparent that consumers (millers and feed compounders) have a significant amount of wheat to purchase for delivery January through to the End of...
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