Wheat broke through the July high last week and immediately pushed on into higher territory, there is no sign of a lessening of hostilities in either war zone at the moment.
Read MoreAnother firm Friday led us to a higher close on the week again. Whereas the July rally was led by short position covering, we are now in a different phase with the market being driven by speculative buyers of new long positions.
Read MoreMarkets are almost spookily quiet as we wait for harvest to get going properly, ten days of perfect summer weather in the forecast now should be enough to get us going on everything in the south this week. At this point on the calendar we look to France for insights into the crops potential.
Read MoreNovember LIFFE hovered around £180 all week, closing Friday at £179.40. Oil came under renewed pressure as the deal to re-open the Straits of Hormuz seems to be in touching distance.
Read MoreImproved weather across major northern hemisphere crops has allayed the worst fears about 2026 production prospects, markets continue to off-load their recent weather premium in the search for competitiveness on export markets.
Read MoreThe USDA’s 2026 supply projections fully absorbed the worst reports from drought hit US wheat crops, markets were taken a little by surprise and posted £5 gains on Tuesday.
Read MoreLast week, exchanges gave up all of the gains made in the previous week. In fact, in the six weeks since I last sat down to write this report Nov26 LIFFE has moved precisely £0.05.
Read MoreAs US Infantry ships approach the war zone, America faces her ‘double or quits‘ moment, do they go in on the ground or do they walk away claiming victory?
Read MoreThe US/Israeli coalition chose this weekend to poke a rather big stick in the hornet’s nest which is Iran. The action started in the early hours of Saturday so markets first reactions will appear during Monday trading.
Read MoreSpot markets plod sideways, last weeks WASDE did indeed forecast the heavy year end stocks we are all expecting this summer.
Read MoreThe last soggy week of January was a busy, active one with prices tracking sideways again and farmers taking old crop opportunities to tidy up.
Read MoreLast week finished slightly lower after a deluge of news that, in different times, might have sent us off in either direction. US attempts to bully Europe into submission over Greenland met with a strong response and the threat of increased tariffs disappeared almost as soon as it was raised.
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