LIFFE feed wheat futures have embarked on a recovery move with the May-19 contract attempting to break through the short-term £167/T mark whilst on new crop, Nov-19 is back to the key £150/T psychological level. Over the past week a strong rally in the GBP has put domestic OSR under
What a week for wheat which has continued lower on weakening Russian prices, political noise and a positive outlook for the 2019 harvest in both the EU and the Black Sea. Click here to read this week’s Market Review report.
Despite the importance of Friday’s USDA report after missing a plethora of data since the US government shutdown, the market remained subdued with little changes made to the wheat S&D. The recent soybean ‘bullish stories’ emerging from South America due to drought in Brazil and excessive moisture in Argentina will
New week but same lack of enthusiasm which resulted in the UK LIFFE feed wheat futures price trading within a tedious £1/T and £1.75/T range on the May-19 and Nov-19 contract respectively. Rapeseed prices remain under the influence of key political catalysts for now. Click here to read this week’s
UK wheat traded in a narrow £2.50/T range last week on the May-19 LIFFE futures contract amid a lack of trade data from the USDA [due to the longest US government shutdown] despite another strong week for the Sterling which posted a 4th and 6th consecutive week of gains against