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Wheat

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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EU wheat gains momentum

Matif wheat has finally snapped a 6-week losing streak, bouncing off a near 9-month low, amid renewed export optimism with some questioning if a seasonal low was scored at the beginning of the week  ahead of the weather market and with fund positions so short. Major importers, particularly northern African…

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CRM AgriCommodities Market Review – 25th February 2019

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

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