AGM Blog



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...

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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...

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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...

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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...

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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...

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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...

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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...

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Week Beginning Monday 30th July 2018

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

Week Beginning Monday 30th July 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...

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Week Beginning Monday 16th July 2018

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

Week Beginning Monday 16th July 2018

Despite the downward movement of new crop prices last week, current UK values are now higher than the Paris wheat future, despite the latter representing a high-quality milling grade. AHDB have added that “with UK carryover wheat stocks estimated at their lowest for five years and questions surrounding the potential of this year’s wheat harvest, UK supplies look set to be tight once again this season. As a result, UK prices have therefore risen to limit pre-season exports and potentially stimulate imports”. It will be important to...

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Week Beginning Monday 9th July 2018

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

Week Beginning Monday 9th July 2018

Global wheat futures have continued to rise sharply over the past week following cuts to European production forecasts and the ongoing challenging weather conditions throughout the Northern Hemisphere. The November 2018 LIFFE wheat future reached the highest price recorded to date for this contract last week £166.65/T) and has since moved beyond this. AHDB have added that “high pressure continues to dominate across Northern Europe, meaning a continuation of above average temperatures and limited rainfall looks set to continue”. For the...

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