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April 8, 2019

CRM AgriCommodities Market Review – 8th April 2019

In the aftermath of a bearish USDA NASS Prospective Plantings report for US maize (corn) and volatility in the Sterling, old crop May-19 LIFFE feed wheat prices have remained in a tight £5/T range between £160/T and £165/T since mid-March. There is a renewed sense of optimism in the market as hopes of a positive outcome to trade negotiations between the US and China over the next few weeks, as well as the seasonal ‘weather market’ could lead to fund short-covering as they buy back positions which have been heavily sold up until now.

Click here to read this week’s Market Review report.

April 8, 2019