‘Pint Pot’

So here we are in the middle of May and for the majority who want their shed empty for the end of June there are approximately 6 weeks left of the harvest 2019 crop marketing year. Our own rough on farm survey would suggest that there is quite a lot of grain out on farm that still needs to get into the ‘Pint Pot’ which was the estimated total demand/usage for UK cereals from this...
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Market Report wc 11th May

A wetter forecast throughout Europe added pressure to markets last week as the value of new crop began to decline before making a slight recovery towards the end of the week.   Much needed rainfall throughout the Black Sea apparently fell last week although this is still being assessed, particularly in Romania and Ukraine were the situation is especially...
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Yoda – ‘lucky you are’

Yoda –‘lucky you are’ The International Monetary Fund is now saying that the World will suffer its worst recession since the Great Depression!  In the USA 16.6 million people have filed for unemployment benefits in the last 3 weeks.  Here in the UK the Office for Budget Responsibility says GDP could fall by 35% in the second quarter of the year.  They are forecasting...
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Market Report wc 27th April

As of Friday evening, the London LIFFE wheat future for November 2020 had gained £5.50/T on the Friday previous. This morning however, the future was valued £2.25/T lower at £165.50/T.   Over in Russia, the Agricultural Ministry stated last week that grain exports would completely cease once the 7 million tonne quota they set for the last quarter of the season was reached....
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Market Report wc 6th April

Following yet another extremely volatile week, London LIFFE wheat futures are slightly firmer this morning.   Although some may from the peak of £175.25/T, the London LIFFE wheat future for November is valued at £167.00/T this morning, the equivalent of £160.00/T ex-farm for harvest collection.   Feed barley continues to trade at a £30.00/T discount to...
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