Wheat could be in for a volatile week as markets try to interpret the implications of Fridays US Supreme Court ruling on tariffs. The Courts decision relates to the particular law used to implement tariffs last April
Read MoreSpot markets plod sideways, last weeks WASDE did indeed forecast the heavy year end stocks we are all expecting this summer.
Read MoreAnother flat sideways week did see some short-covering but buyers were able to find the volume needed without shifting the price which remains stuck stubbornly at season lows.
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.
Read MoreThe January USDA world stock update was not at all as expected. Increasing US corn output from the 25 harvest at this stage surprised a market looking for lower ending stocks not higher.
Read MoreMarkets were extremely quiet across the Christmas break, grinding along sideways and steadily eroding the deferred month carries as we go.
Read MoreMarkets bump along sideways still, with very little news to chew on as the record 2025 harvest nears completion worldwide.
Read MoreWe tested season lows again last week, there is just enough farm selling pressure to keep a lid on things as businesses plan their cash requirements for the coming months. Nearby openings are limited but there is still trade to be done on malting barley in the south-east.
Read MoreWe are bumping along the bottom again after a quiet week dominated by the US thanks-giving shutdown.
Read MoreRussia and the US are plotting a deal to end the Ukraine war in which both of them profit enormously, leaving Europe to pick up the bill for sorting out the mess thereafter.
Read MoreThe USDA got back to work last week just in time to publish their November world supply update on Friday.
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Markets held onto the previous weeks gains without looking like they wanted to push higher, US prices had rallied as the Chinese waved off Trump at the airport, but they were already taking advantage of a corresponding dip in Brazilian prices to buy more soybeans there.
Read MoreMarkets had their best week in ages, with May26 LIFFE posting a £4 gain on the previous weeks close - relatively modest perhaps but in a market so starved of positivity it felt important.
Read MoreLatest updates continue to add to the world crop this year, time to rip up the record books, we now know we have the biggest year-on-year increase in World production since 2016, standing at 100million tonnes ( 4%) across all grains.
Read MoreAs the US corn and soybean harvests near completion without any weather dramas, we can say now all the bearish news is fully in the market.
Read MoreThe latest tariff spat between the US and China saw a muted reaction from markets, with corn dipping slightly late Friday on the news.
Read MoreThe IGC’s September report gives some context to the markets struggles. They see world grain output up 87 million tonnes this year, with good reports from southern hemisphere producers adding to the piles.
Read MoreFollowing the Fed’s interest rate cut last week, US stocks rallied sharply as investors gained confidence for Q4 economic growth.
Read MoreThe US Federal Reserve cut interest rates by 0.25% last week – the first rate change of 2025.
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