HEDGE YOUR BETS

Posted by on Feb 12, 2020 in AGM News | 0 comments One month on from our article ‘Contrarian Economics’ written for October and the price of spot feed wheat on farm in Yorkshire has risen £10.00 per tonne.  The Politicians living in the ‘southeast bubble’ remain out of step with the rest of the country who are sick to the back teeth of Brexit, have voted for yet another extension all be it a ‘Flex tension’.  For the grain...
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CONTRARIAN ECONOMICS

Posted by on Feb 12, 2020 in AGM News | 0 comments The grain market is currently a mix of fundamentals, weather and politics. The fundamental numbers suggest that UK harvest 2019 according to DEFRA was 16.283 million tonnes of wheat. 8.180 million tonnes of barley, 1.082 million tonnes of Oats, and 1.750 million tonnes of OSR was a bumper crop. The UK will need to export over 2 million tonnes of grain to avoid having a large surplus....
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NOBODY KNOWS

Posted by on Feb 12, 2020 in AGM News | 0 comments All around the county you can hear it, the evening silence, the distinctive drum of a combine harvester working away is done for another year.  Autumn approaches, forward harvest grain sales have been delivered, surplus that would not go in the shed has been sold spot and moved also and the roller shutter door is now firmly shut on the grain store.  Wheat harvest 2019 has been a...
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Colonel John “Hannibal” Smith (The A-Team)

Posted by on Feb 12, 2020 in AGM News | 0 comments Let’s start with the bad news.  Its the middle of August, the price of harvest 2019 feed wheat ex farm in has fallen the best part of £20 per tonne over the last 5 months.  It’s raining and harvest is currently a grab a bit where you can operation, with the bulk of Yorkshire wheat still in the field. Last Mondays USDA World crop production report produced an unexpected...
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CORPORAL JONES

Posted by on Feb 12, 2020 in AGM News | 0 comments Some might frown at blowing your own trumpet, but if you don’t most likely no one else will.  A brief look back over the last 5 months comments in this paper, the common theme has been that the price of wheat for harvest 2019 was not to be sniffed at, forward sales at the prices being offered should not be dismissed as a poor price.  At the time of writing, this month’s article old...
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