AGM Blog



Week Beginning Monday 29th April 2019

Posted by on Apr 29, 2019 in AGM News | 0 comments

Week Beginning Monday 29th April 2019

THIS MORNING’S LONDON LIFFE WHEAT FUTURES: MAY 2019 – £166.00/T (£3.90/T higher). NOVEMBER 2019 – £147.50T (£0.60/T higher). MAY 2020 – £153.00/T (£1.00/T lower). NOV 2020 – £151.85/T (£0.85/T higher)   POUND Vs EURO THIS MORNING – 1.1584 TUESDAY 23RD APRIL – 1.1558 MONDAY 15TH APRIL – 1.1573 MONDAY 8TH APRIL – 1.1622 MONDAY 1ST APRIL – 1.1623 MONDAY 25TH MARCH – 1.1637 MONDAY 19TH MARCH – 1.1676   According to AHDB, all grains have fallen globally this month as expectations for a...

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Week Beginning Tuesday 23rd April 2019

Posted by on Apr 23, 2019 in AGM News | 0 comments

Week Beginning Tuesday 23rd April 2019

THIS MORNING’S LONDON LIFFE WHEAT FUTURES: MAY 2019 – £162.10/T (£0.40/T lower since last Monday’s opening trade). NOVEMBER 2019 – £146.90/T (£1.35/T lower since last Monday’s opening trade.) MAY 2020 – £154.00/T (£0.60/T higher since last Monday’s opening trade.) NOV 2020 – £150.50/T (£1.00/T higher since last Monday’s opening trade)   POUND Vs EURO TUESDAY 23RD APRIL – 1.1558 MONDAY 15TH APRIL – 1.1573 MONDAY 8TH APRIL – 1.1622 MONDAY 1ST APRIL – 1.1623 MONDAY 25TH MARCH –...

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Mexican Standoff

Posted by on Apr 23, 2019 in AGM News | 0 comments

Mexican Standoff

By definition (Wikipedia) ‘A Mexican standoff is a confrontation in which no strategy exists that allows any party to achieve victory.  As a result, all participants need to maintain the strategic tension, which remains unresolved until some outside event makes it possible to resolve it.’ The UK grain trade is currently becalmed, Easter is upon us, many in the merchant trade have left their desks for family holidays.  Bored of the never-ending conversations surrounding Brexit and the lack of market direction but secure in the knowledge...

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Week Beginning Monday 15th April 2019

Posted by on Apr 17, 2019 in AGM News | 0 comments

Week Beginning Monday 15th April 2019

THIS MORNING’S LONDON LIFFE WHEAT FUTURES: MAY 2019 – £162.50/T (£3.25/t higher on the week) NOVEMBER 2019 – £148.25/T (£2.25/t higher on the week) MAY 2020 – £153.40/T (£0.40/t higher on the week) NOV 2020 – £149.50/T (£3.95/t higher on the week)   POUND Vs EURO THIS MORNING – 1.1573 MONDAY 8TH APRIL – 1.1622 MONDAY 1ST APRIL – 1.1623 MONDAY 25TH MARCH – 1.1637 MONDAY 19TH MARCH – 1.1676 MONDAY 11TH MARCH – 1.1530   Old crop farm selling remains slow and end-user demand continues...

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Week Beginning Monday 8th April 2019

Posted by on Apr 8, 2019 in AGM News | 0 comments

Week Beginning Monday 8th April 2019

THIS MORNING’S LONDON LIFFE WHEAT FUTURES: MAY 2019 – £162.50/T (£1.50/T lower on the week) NOVEMBER 2019 – £146.00/T (£1.50/T lower on the week) MAY 2020 – £153.00/T (£0.40/T lower on the week) NOV 2020 – £145.55/T (£1.30/T lower on the week)   POUND Vs EURO THIS MORNING – 1.1622 MONDAY 1ST APRIL – 1.1623 MONDAY 25TH MARCH – 1.1637 MONDAY 19TH MARCH – 1.1676 MONDAY 11TH MARCH – 1.1530 MONDAY 4TH MARCH – 1.1670 MONDAY 28TH FEB – 1.1526 MONDAY 11TH FEB – 1.1411   Following yet...

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Week Beginning Monday 1st April 2019

Posted by on Apr 3, 2019 in AGM News | 0 comments

Week Beginning Monday 1st April 2019

THIS MORNING’S LONDON LIFFE WHEAT FUTURES: MAY 2019 – £164.00/T (£0.50/T lower on the week, £4.00/T higher over the past three weeks) NOVEMBER 2019 – £147.50/T (£0.75/T lower on the week) MAY 2020 – £153.40/T (£1.90/T higher on the week) NOV 2020 – £148.85/T (£0.20/T lower on the week)   POUND Vs EURO THIS MORNING – 1.1623 MONDAY 25TH MARCH – 1.1637 MONDAY 19TH MARCH – 1.1676 MONDAY 11TH MARCH – 1.1530 MONDAY 4TH MARCH – 1.1670 MONDAY 28TH FEB – 1.1526 MONDAY 11TH FEB –...

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Week Beginning Monday 25th March 2018

Posted by on Mar 26, 2019 in AGM News | 0 comments

Week Beginning Monday 25th March 2018

THIS MORNING’S LONDON LIFFE WHEAT FUTURES: MAY 2019 – £164.00/T (£1.45/T HIGHER ON THE WEEK, £4.50/T HIGHER IN A FORTNIGHT) NOVEMBER 2019 – £148.25/T (£2.65/T HIGHER ON THE WEEK) MAY 2020 – £151.50/T (£2.75/T HIGHER ON THE WEEK, £5.60/T HIGHER IN A FORTNIGHT) NOV 2020 – £149.05/T   POUND Vs EURO THIS MORNING – 1.1637 MONDAY 19TH MARCH – 1.1676 MONDAY 11TH MARCH – 1.1530 MONDAY 4TH MARCH – 1.1670 MONDAY 28TH FEB – 1.1526 MONDAY 11TH FEB – 1.1411   Over the course of the past week,...

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Week Beginning Monday 18th March 2019

Posted by on Mar 18, 2019 in AGM News | 0 comments

Week Beginning Monday 18th March 2019

Week Beginning Monday 18th March 2019   THIS MORNING’S LONDON LIFFE WHEAT FUTURES: MARCH 2019 – £160.70/T (£3.00/T HIGHER ON THE WEEK) MAY 2019 – £162.55/T (£3.05/T HIGHER ON THE WEEK) NOVEMBER 2019 – £145.60/T (£1.65/T HIGHER ON THE WEEK) MAY 2020 – £151.50/T (£2.85/T HIGHER ON THE WEEK)   POUND Vs EURO THIS MORNING – 1.1676 MONDAY 11TH MARCH – 1.1530 MONDAY 4TH MARCH – 1.1670 MONDAY 28TH FEB – 1.1526 MONDAY 11TH FEB – 1.1411   Over the past week, sterling has firmed to levels...

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Time

Posted by on Mar 18, 2019 in AGM News | 0 comments

Time

For those of you that did not take your profit last month and are still at the table in the farming casino, the grain markets continue to trend ever downward. Domestically, the UK wheat market is weighed down with thoughts of plentiful supply.  A UK wheat production figure of around 14 million tonnes, aligned with six months import figures of 1.17 million tonnes of wheat and record maize imports for the same period of 1.29 million tonnes push prices ever downward. Globally, key world exporters of wheat and maize have trimmed their prices to...

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SPRING DRILLING COMMENCES

Posted by on Mar 7, 2019 in AGM News | 0 comments

SPRING DRILLING COMMENCES

Spring has apparently sprung here in East Yorkshire and some growers are now well into their spring drilling campaign as much as 65 days earlier than last year; the difficult conditions over the past couple of years have encouraged some to seize the recent window of opportunity and make a start. For others, soil temperatures are simply not warm enough yet and with a mixed forecast ahead, they have chosen to hold off and have prioritised fertiliser applications instead. Looking ahead, prospects for this year’s northern Hemisphere harvest are...

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