There’s no getting away from it, Tuesday USDA update was a bit of a bombshell. In raising predicted corn yields to an astonishing new record they added at a stroke 25 million tonnes to this years US corn crop.
Read MorePrices remain under pressure as favourable harvest reports continue to land across the northern hemisphere from east to west.
Read MoreHarvest pressure is visible in all wheat markets as favourable weather in US keeps progress ahead of average for this date.
Read MoreIn a quiet news week, markets were broadly sideways , UK prices are still being slightly propped up by recent weakness in GBP which has pushed about £5/mt into our levels, all welcome whilst it lasts.
Read MoreWheat dumped £7.00/mt last week as the market removed any Middle-East risk premium and early harvest reports rolled in.
Read MoreAnother tough week for wheat prices saw Nov LIFFE close below £180 on Friday, its likely now we will have something of a stand-off with growers obviously unwilling to lock into prices perceived as below the cost of production.
Read MoreAfter a bumpy week we ended higher on Friday, a welcome correction upwards, apparently driven as much as anything by dry weather in the US and Europe.
Read More
Justin Smith takes a look back on October, and gives his thoughts for November in the latest Agronomy Update.
Read More
Stock markets, Oil prices, and french spring crop drilling are all factors in this week’s market briefing.
Read More