AGM Blog



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...

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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...

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Crystal Balls

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

Crystal Balls

Following a period of settled weather, harvest in Yorkshire is well under way.  Flea beetle and a wet flooded autumn, followed by dry baking hot March, April and May has done nothing for the quality and yield of harvest 2020 so far.  With the odd exception of some stellar performing crops Oilseed Rape yields have in the most part been very poor and some way behind the long-term averages. Winter barley crops have fared little better.  Whilst grain sample kilo weights have been pretty good nitrogen content in the malting...

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‘Mind yer head’

Posted by on Jul 22, 2020 in AGM News | 0 comments

The Yorkshire wheat crop currently in the ground approaching harvest, has throughout its life from the point of sowing until today been worth on the low point £135 ex farm, to a high of £172 for November 2020.  More recently the range has narrowed. Prices quoted for November from March through to today have been £160 – £170 ex farm.  That is to say that despite all the bad news entering the market on the back of an appallingly wet autumn, reduced acres sown, spring drought, black grass infestation and crop die back, every...

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P.H.T

Posted by on Jun 22, 2020 in Market News | 0 comments

P.H.T

As grain traders and farmers, we are now entering the period of Pre harvest Tension (P.H.T).  That period of time where, as a farmer you have pretty much done all you can with the crop in the ground.  Regardless of establishment or agronomy, at this point in time, you have what you have, and the rest as they say is in the lap of the gods and good old mother nature.  From the grain traders perspective the vast majority of the previous year’s crop is traded and moved and the focus is on the coming harvest and the unknowns of...

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‘Pint Pot’

Posted by on May 18, 2020 in AGM News | 0 comments

‘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 trading year.  Problem number one therefore is that the ‘Pint Pot’ of demand is now smaller than it was 8 weeks ago in the pre coronavirus...

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Market Report wc 11th May

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

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 dry.   Closer to home, mixed messages of rainfall throughout the UK have also blurred the market and it is difficult to gauge what is actually happening out...

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Yoda – ‘lucky you are’

Posted by on May 4, 2020 in AGM News | 0 comments

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 unemployment rising by more than 2 million to 10 percent of the work force at the same time. Grain markets and currency exchange rates react by the...

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Market Report wc 27th April

Posted by on May 4, 2020 in AGM News | 0 comments

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. Currently, 3.5 million tonnes has already been shipped and around 1 million tonnes is being loaded for export week. Estimates are therefore...

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Market Report wc 6th April

Posted by on May 4, 2020 in AGM News | 0 comments

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 wheat.   As for old crop values, £155.00/T ex-farm for spot collection feed is indicated this morning, but buyer demand...

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