AGM Blog



Week Beginning Monday 26th November 2018

Posted by on Nov 26, 2018 in AGM News | 0 comments

Week Beginning Monday 26th November 2018

It has been yet another volatile week for the grain markets as the ongoing Brexit negotiations alongside Thanksgiving celebrations over in the US made the global markets a difficult place to navigate.   Yesterday, (Sunday 25th November), the 27 other European Union leaders finally approved the terms of the UK’s exit from the EU. Moving forward, Mrs May will have until the 12th December to “persuade” politicians within the UK parliament to back the deal. According to the BBC, the PM has pledged to put her “heart and soul into a...

read more

Week Beginning Monday 19th November 2018

Posted by on Nov 19, 2018 in AGM News | 0 comments

Week Beginning Monday 19th November 2018

The January 2019 London LIFFE wheat future has this morning opened unchanged at £169.75/T. This is just £0.25/T lower than the previous week following a rather volatile few days trading last week. The May 2019 London LIFFE wheat future has this morning opened £1.30/T lower at £172.00/T. This is £0.50/T lower than the opening trade the week previous. The November 2019 London LIFFE wheat future has opened £0.60/T lower this morning at £155.50/T. This is £0.25/T higher than the week previous. It has been an extremely volatile week over...

read more

Week Beginning Monday 12th November 2018

Posted by on Nov 12, 2018 in AGM News | 0 comments

Week Beginning Monday 12th November 2018

The January 2019 London LIFFE wheat future has this morning opened unchanged at £170.00/T. This is £3.65/T lower than the opening trade the week previous. The May 2019 London LIFFE wheat future has this morning opened £1.20/T higher at £172.50/T. This is £1.50/T lower that the opening trade the week previous. This is the first time this future has opened and traded higher in over a week. The November 2019 London LIFFE wheat future has opened £0.65/T lower this morning at £155.25/T. This is £1.75/T lower than the week...

read more

TOPS AND BOTTOMS

Posted by on Nov 6, 2018 in AGM News | 0 comments

TOPS AND BOTTOMS

TOPS AND BOTTOMS  Volatility remains a key word within the UK grain market as daily market news and currency levels are reflected in the everchanging ex farm prices. The news of Ensus bioethanol plant closing pushed prices down £5.00 per tonne. Sterling weakens against the dollar and America manage to get a toe hold of some sales to the World’s largest grain importer Egypt and the market rallies on the London Liffe Wheat Futures to the tune of £3 per tonne. Within the daily changes long term trends appear.  Slowly but surely the value of...

read more

Week Beginning Monday 5th November 2018

Posted by on Nov 6, 2018 in AGM News | 0 comments

Week Beginning Monday 5th November 2018

Trade for spot collection feed wheat appears to be non-existent this morning as the UK trade continues to digest the “bio-ethanol back log” created by the closure of both Ensus and Vivergo over the past couple of months. £170.00/T ex-farm is currently offered for February/March collection – growers who require movement in the short term will need to take a significant discount to negotiate this.   Regardless, cereal demand for use within animal feed is good due to the reduced forage availability this year. The latest trade figures...

read more

Week Beginning Monday 22nd October 2018

Posted by on Nov 6, 2018 in AGM News | 0 comments

Week Beginning Monday 22nd October 2018

Both the physical markets and on the futures screen, markets closed at a two- week low. Feed wheat values this morning for spot collection are £174.00/T ex-farm. New crop market is still attracting interest however it has followed suit of the current market and is now trading at £160.00/T ex-farm for November 2019. Feed barley is being offered at £170.00/T ex-farm for December. UK markets last week were mainly influenced by currency, US and China ‘trade war’ and Brexit negotiations, no doubt going forward these will be watched closely...

read more

Week Beginning Monday 8th October 2018

Posted by on Nov 6, 2018 in AGM News | 0 comments

Week Beginning Monday 8th October 2018

Both the old and new crop wheat market has firmed over the past week, both on the futures screen and physically on the farm. Feed wheat for spot collection is currently valued at £176.00/T ex-farm whilst movement into the New Year is offered at £180.00/T ex-farm. For those of you who missed previous opportunities at this level – it may well be worth some consideration, please speak with the office to discuss your requirements. As for feed barley, £170.00/T ex-farm is offered for November collection. Spot demand appears to have waned over...

read more

Week Beginning Monday 1st October 2018

Posted by on Nov 6, 2018 in AGM News | 0 comments

Week Beginning Monday 1st October 2018

It has been a quiet time for the grain market over the past week as growers turn their attention to drilling next year’s crop. Conditions are “near perfect” for many following some much-needed rainfall and localised showers are encouraging drilled crops through nicely. As a rough guide, feed barley for harvest 2019 collection is currently indicated in the region of £140.00/T ex-farm. Feed is for September 2019 collection is valued in the region of £160.00/T ex-farm. Please speak with the office to discuss your requirements. As for this...

read more

Week Beginning Monday 24th September 2018

Posted by on Nov 6, 2018 in AGM News | 0 comments

Week Beginning Monday 24th September 2018

The value of sterling against the value of the euro climbed last this week to an 8-week high of £1 = €1.1262. The rise comes on the back of both further Brexit negotiations and positive inflation statistics for the UK. AHDB have added that “stronger sterling often puts pressure on UK prices, or can limit the extent that any grains in wider European prices are reflected here. In contrast, a drop in the value of sterling is usually supportive to UK prices. The direction of sterling against the euro will be important to monitor over the...

read more

Week Beginning Monday 17th September 2018

Posted by on Nov 6, 2018 in AGM News | 0 comments

Week Beginning Monday 17th September 2018

UK feed wheat future broke above £180.00/T for the first time since May 2013 last week in what ended as an extremely volatile week. The London LIFFE wheat future for November 2018 topped out at £190.00/T last Thursday, £40/T ahead of the contract average. Looking ahead, November LIFFE wheat futures for both 2019 and 2020 are now trading in the region of £170.00/T; this could be worth some consideration, particularly given the level of uncertainty as Brexit negotiations continue. It will also be worth monitoring UK wheat values comparable...

read more