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Rain makes grain until it doesn’t

After a prolonged period of dryness up until early spring which spooked operators who feared a repeat of 2018, Mother Nature changed its mind and things have made a staggering U-turn. Heavy rains have been observed across most of the country last week resulting in localised flash floods, particularly in…

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Trade talks go backwards

After months of negotiations, the White House said that China has indicated it wants to make a deal with the US soon with a new round of talks resuming yesterday. However, the rhetoric of US President Donald Trump is very different as he would be ‘very happy with over $100B a…

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New contract lows across the board

With the 2018/19 marketing season coming to an end, attention is now turning to the improving 2019 crop outlook although harvest is still far away. As expected, US winter wheat conditions have continued to improve in recent weeks with soil moisture in the central Plains much higher than normal and…

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UK grains await further Brexit news

For a second consecutive week, domestic prices remained pretty static on both old and new crop with the former trading above £160/T spot and the latter around £140 for Nov-19 movement. Top spec milling wheat is still in good demand with premiums standing at/close to their campaign highs.  Further Brexit…

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