AGM Blog



Whisky

Posted by on Aug 18, 2021 in AGM News | 0 comments

Whisky

Booming Scotch whisky consumption both in the UK and overseas has brought about an increase in the amount of UK barley required for distilling.  Currently the only varieties approved by the MAGB    (Maltsters Association of Great Britain) for distilling are spring sown.  To be suitable for distilling a variety must be ‘Nil GN’ (contain no Glycocidic Nitrile).  On farm, the sample grown must be of low nitrogen content ideally in the 1.40n – 1.60n range. For the first time in conjunction with Muntons plc we are looking for growers to...

read more

The Black Swan

Posted by on Jun 18, 2021 in AGM News | 0 comments

The Black Swan

The end of crop year, harvest 2020 approaches, in the UK grain trade 30th June is the last day of season 2020.  Any grain untraded at that point becomes carryover stock into season 2021 and should be added to the predicted crop yield for harvest 2021. The trading in UK harvest 2021 wheat began in earnest back on the 19thAugust 2019 when the November ’21 wheat futures appeared on the London Futures exchange. Harvest 2022 wheat began trading similarly when the November ‘22 wheat futures appeared on the London Futures Exchange on the 8thJuly...

read more

When the Fat Lady Sings

Posted by on May 19, 2021 in AGM News | 0 comments

When the Fat Lady Sings

This last month has proved yet again that you cannot ever beat the market. Despite all the information at our fingertips, end of season markets are very difficult to predict. A month since, the markets were factoring in spring drought in Northern Europe and the US.  Prices were firming from the March/April low of £190 for May/June collection, (how strange to be using £190/t and low in the same sentence!) and had rallied back above £200/tonne. New crop barley was £145/tonne, September wheat £180 and August OSR £415/tonne. May 7th saw new...

read more

All Hail the Ale

Posted by on Apr 21, 2021 in AGM News | 0 comments

All Hail the Ale

The pubs are open.  Harvest 2022 malting barley contract is now available. The restaurants open. Livestock at the market continues to trade at high levels. The public are eating and drinking like every night is Saturday night, and the shops are open as well for those who are so inclined.   Cereal farmers in Yorkshire are all drilled up winter and now spring crops. Fertiliser and agrochem is being applied, in the hope that an inch of warm rain followed by some warm nights and sunny days helps maximise the yield potential.  So, it is game...

read more

Pass the Baton

Posted by on Mar 26, 2021 in AGM News | 0 comments

Pass the Baton

This last month has seen some momentous changes within the Anderson family and this business. 26th February saw the passing of Martyn Anderson.  Martyn had been a part of the Yorkshire grain trade all his working life. At age 22 he left the family farm when it was sold and joined R & R Falkingham Merchants as van lad.  A trader by nature, 11 years later at the age of 33 he was Managing Director of Fishers Seeds and Grain Ltd, a position he held until the business was sold in 1989 to ABF (Associated British Foods) at which point Martyn...

read more

BALANCE

Posted by on Feb 10, 2021 in AGM News | 0 comments

BALANCE

Over the course of the last month several changes and strange market reactions have taken place within the grain trade. Politics, Brexit, High prices on farm, Statistics and Sentiment have all had their part to play. Starting in Russia, the proposed introduction of an increase export tariff on Russia grain exports designed in part to keep a lid on domestic Russian food inflation and keep Russian domestic grain stock up and Russian domestic prices down, initially had the opposite effect on UK and World wheat prices to that which was...

read more

Trading Places

Posted by on Jan 13, 2021 in AGM News | 0 comments

Trading Places

Christmas 1983, Eddie Murphy, Dan Ackroyd, Jamie Lee Curtis.  A comedic tale of commodity trading, greed and excess (Randolph and Mortimer Duke), nature versus nurture (Murphy and Ackroyd), a tart with a heart (Jamie Lee Curtis) and frozen concentrated orange juice futures. Fast forward to Christmas and New Year 2020/21 and we are in the middle of an agricultural commodities bull run the like of which we have hardly ever seen before.  The London and Paris futures exchanges are hanging onto the shirt tails and following the...

read more

T.C.P.

Posted by on Nov 11, 2020 in AGM News | 0 comments

T.C.P.

So, it would appear, that ‘Life’ as we know it is about to take a big gargle of TCP.  (TCP is a mild antiseptic, produced in France by Laboratoires Chemineau in Vouvray and sold in the United Kingdom by Omega Pharma. TCP was introduced in 1918. The brand name comes from its original chemical name, which was trichlorophenylmethyliodosalicyl).   Commonly used in my childhood for treating sore throats, skinned knees, bites and stings! Alternatively:  Trump. Covid. Putin.  Trump, has lost the...

read more

Harvest Festival

Posted by on Oct 15, 2020 in AGM News | 0 comments

Harvest Festival

My Mother went to the church Harvest Festival Service in the village on Sunday, on her own as these days you will only get Father there for a Wedding if any of the Grandchildren get round to it, a Funeral if you were very close to him(but not his own) or possibly a Christening, but all the older grandchildren are happy practising.   She went as always because she likes a sing!  Not to give praise for the harvest and all the bounty it had bestowed upon us, but to celebrate the fact that it was over, and her grain trading son had...

read more

Millionaire

Posted by on Sep 21, 2020 in AGM News | 0 comments

Millionaire

Mid-September, the ‘harvest moon’ is on its back, keeping the water off and the combine harvesters in Yorkshire are hard at work in the last of the wheat and spring barley crops.  This last week has seen the best few settled days of weather we have had in a month. The struggle to get the wheat harvest into the barn has kept prices on farm for spot movement very firm.  Merchants have battled to keep Mills supplied and at times the only way to do this has been to pay more to encourage dry wheat from the farm. Or alternatively...

read more