AGM Blog



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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Week Beginning Monday 2nd July 2018

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

Week Beginning Monday 2nd July 2018

Combines are rolling in the South of England as Harvest 2018 gets underway – the earliest start for a number of years as the heatwave continues. Online reports have suggested that winter barley harvesting is imminent as far North as Doncaster and some local growers on sand have commented that they could also be into some earlier winter barley by the weekend. Early reports are mixed but encouraging given the volatile weather that winter barley crops have endured over recent months; it is remarkable to think that we are currently basking in...

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Week Beginning Monday 25th June 2018

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

Week Beginning Monday 25th June 2018

New crop wheat futures have been falling globally, largely due to uncertainty regarding the US-China trade dispute and news of good harvest progress for winter wheat. Online reports are suspiciously minimal regarding US harvest progress but, twitter reports from the field are encouraging; yields may be average, but most appear thrilled given the poor outlook earlier in the year. Closer to home, in a week that appears to have been flooded with bullish news throughout Europe, the London LIFFE futures have only half recovered the losses from the...

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Week Beginning Monday 18th June 2018

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

Week Beginning Monday 18th June 2018

New crop feed wheat has succumbed to market pressure this week despite continued weather woes throughout the Northern Hemisphere. Having been offered for the harvest period, £160.00/T ex-farm is now offered for October collection, with collection into the new year offering a small premium. For now, at least, £170.00/T ex-farm has been taken off the table! Although new crop sales have proved plentiful over the past few weeks we are still hugely surprised at the overall lack of new crop sellers at recent levels. Weather driven markets are...

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Week Beginning Monday 11th June 2018

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

Week Beginning Monday 11th June 2018

New crop markets are nervous as dry weather concerns continue to be a common theme; Australia, the US, parts of Canada and the Black Sea are still grabbing the trades attention this week, hence the volatility. At last week’s high, feed wheat for September collection was valued at £160.00/T ex-farm. This morning, £160.00/T ex-farm can be negotiated for November collection. £170.00/T ex-farm was offered for June/July collection next year and I was pleasantly surprised by the number of growers who agreed that this was a sell, at least for a...

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Week Beginning Monday 4th June 2018

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

Week Beginning Monday 4th June 2018

New crop wheat futures have a suffered an extremely volatile although shortened week following last Monday’s Bank Holiday market closure. Global weather concerns, shortly followed by alleviated weather concerns, which have once again been followed by more weather concerns are shifting the London wheat futures daily.   The London LIFFE wheat future for November 2018 has this morning opened £0.25/T higher from Friday’s close at £158.50/T. As a result, feed wheat is this morning valued at £160.00/T for pre-Christmas...

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Week Beginning Tuesday 29th May 2018

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

Week Beginning Tuesday 29th May 2018

For anyone left with old crop wheat, wheat this morning is valued at £165.00/T ex-farm if you would like to discuss your movement please speak with the office. Old crop (soft) biscuit wheat is valued at £170.00/T ex-farm. New crop feed wheat is again higher at £155.00/T ex-farm for harvest and £160.00/T ex-farm for November. Old crop feed barley is down slightly at £145.00/T ex-farm, and new crop barley is unchanged £135.00/T ex-farm for harvest. Old crop oilseed rape is now trading at £296/7/T ex-farm for June and new crop OSR is...

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Week Beginning Monday 21st May 2018

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

Week Beginning Monday 21st May 2018

This morning old crop feed wheat is valued at £161.00/T ex-farm. Old crop milling wheat is still trading at £170.00/T ex-farm following another firm week, if you would like to discuss your movement please speak with the office. Old crop feed barley is just making £150.00/T ex-farm, as for new crop barley £135.00/T is still being offered for harvest. New crop feed wheat is slightly forward at £150.00/T ex-farm for the second half of August.   The ongoing trade war between the US and China has temporarily been put on hold while a deal...

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