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Up Corn, Down Horn!

Cereals The old saying ‘up corn, down horn’ continues to play out with grain prices remaining well supported and meat values coming under further pressure. Livestock producers are under increasing pressure from higher feed prices and less available forage with cattle being slaughtered earlier than usual as result. Feed compounders continue to take cover helping prices…

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Wheat prices are exploding on further production cuts

Cereals Wheat prices exploded today amid further concerns regarding the quality of the Black Sea crop and further reductions in the 2018 EU soft wheat production which is now seen below 130MMT, a 6-yr low, according to French analysts Strategie Grains. Both LIFFE and Matif wheat futures jumped more than 2.7% and posted fresh contract highs for a 5th consecutive session. Buyers continue…

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Wheat higher as harvest gathers pace

Cereals Wheat continued higher today as harvest across the UK and northern Europe gathers pace and the impacts of drought are revealed. Crops conditions in the US for corn have improved for the 2 key ‘I’ states ie Iowa (17% of the nat. crop) and Illinois (15%) with respectively 79% & 82% of the crop rated ‘Good/Excellent’ whilst a…

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