Independent Agri Commodity Insights
While global grain markets have been in a bullish mood for a number of months, but partly due to the US Thanksgiving holiday, this week has seen a shift in sentiment with the wheat momentum pausing and oilseed rape back to trading within a relatively tight range. Adding to the pressure has…
Surging canola prices, or rapeseed as it’s known in Europe, have been long overdue following four consecutive years of stock depletion amongst key producing and exporting regions, most notably Canada where canola stocks have fallen from 4.4MT in 2018/19 to a forecast 691KT by the end of 2021/22. However, this…
Read the original article on Nasdaq.com HAMBURG, Sept 24 (Reuters) – A surge in rapeseed prices this autumn will generate more rapeseed sowing in leading European rapeseed producers France, Germany and Britain, experts said on Friday. But poor weather means reductions are possible in Poland. Prices for rapeseed, Europe’s most important oilseed…
“Wheat is a cog in a big machine,” said James Bolesworth, managing director of U.K.-based CRM AgriCommodities. “It’s going to take at least a season, if not two, for these supply and demand balances to come back into kilter.” For now, some buyers are holding out for cheaper prices. Top…
In the midst of a spring weather market, market attention is fully focused on the prospects for spring crops. Looking to Canada, and this week has seen the release of the Statistics Canada March planting estimates. Overall, there is a trend towards oilseeds and away from grains. Canola Overall, Canadian…