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CRM AgriCommodities Market Review – 15th July 2019

After dropping to a near 2-month low of ~£143/T due to harvest progress in Europe last Wednesday, Nov-19 LIFFE feed wheat bounced back above its key 100-day moving average around £148.50/T with the USDA cutting its 2019 Russia wheat production forecast by more than expected. As expected, the controversial end

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CRM AgriCommodities Market Review – 8th July 2019

In the wake of a global decline in grain prices and rapid progress in the N. hemisphere harvest, UK wheat dropped below the key £150/T on Nov-19 LIFFE feed wheat to its lowest level since the end of May 22nd ie £148/T. Rapeseed values are trading towards the lower end

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CRM AgriCommodities Market Review – 24th June 2019

The grain rally started in mid-May has for now paused with the 2019 harvest gaining momentum over the next 10 days in the US, Europe and the Black Sea and as such, the ‘usual’ harvest pressure will start materialising sooner than later. Rapeseed has now embarked on a consolation phase

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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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More rain needed soon?

Since the recent wet episode which resulted in a welcome 40+mm of rain between Mar 1st and 15th in East Anglia, dry weather has been holding its grasp across most of England and the forecasted rains seem to be pushed back pretty much on a daily basis. As a result,…

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