Markets have firmed slightly and there is better value around now particularly on new crop compared to a week ago.
Read MoreEnd-of-week rallies are in fashion, as again, a positive Friday performance brought wheat back to unchanged for the week.
Read MoreLast week was a quiet one on the markets, £180 on NOV25 LIFFE is becoming a significant barrier, we spent most of the week below it before rallying to close bang on the number Friday.
Read MoreNew crop markers scored a new low on Friday as we continue to bump along the bottom, seemingly impervious to stories about supply that might be considered bullish in different times.
Read MoreWe saw a mini–rally in the first part of last week triggered by a sharp dip in the value of the US Dollar which of course adds value to US exports.
Read MoreSpeaking to buyers at a trade event last week it’s apparent there is a broad consensus that wheat is about as cheap now as it’s likely to get.
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 MoreA steady trickle of old crop sellers continues to feed the market with barns being emptied as summer approaches and the new marketing season comes into focus.
Read MoreMost producing areas worldwide saw some useful rainfall across the easter School holiday period. It’s always tempting at this time of year to seek out weather stories which might encourage a market rally but let’s not beat around the bush, we are expecting another world record grain harvest this year.
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 MoreMarkets last week were strangely quiet and subdued despite being packed with news and drama and we ended up broadly unchanged.
Read MoreToday ( Monday ) we finally see the keenly awaited USDA plantings report , and with it the first proper indication of the potential size of Americas 2025 grain harvest.
Read MorePrices are still drifting quietly lower but the market is really in a wait and see moment as two key dates loom at the end of this month.
Read MoreAs expected, markets did manage to halt the slide last week, posting largely unchanged numbers, but the escalating tensions around Trumps tariffs remain a threat to both old and new crop values.
Read MoreMarkets had such downside momentum last week they were able to trade £3 lower across the board despite a heavy slump in Sterling which in more normal times would have put £6/mt back into our export values.
Read MoreAll markets remain under pressure for another week. With very favourable weather forecasts everywhere for early March there’s apparently nothing to stop farmers fulfilling their declared planting intentions for spring cropping in the US and Europe.
Read MoreHome markets are seeing renewed pressure on old crop wheat prices, for all the reasons we’ve discussed in recent weeks.
Read MoreWheat found some support in the US on Friday, partly helped by some dollar weakness but also due to drought concerns for both winter and spring crops over there.
Read MoreMarkets continue their long march sideways. This week, we have a WASDE update from the USDA on Tuesday.
Read MoreTargeted import tariffs on some goods imported into the US will become a reality on Tuesday with Mexico, China and Canada vowing retaliatory actions of their own.
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