Combinables Price Tracker

David.

Member
Mixed Farmer
Location
J11 M40
Bid today: barley £126, soft wheat £155, April movement. Said job is falling, after last weeks rises, and mill "stacked out" with soft wheat.
Was somewhat narked that they never called last week with the good news, so said no thanks.... but actually thought eff-off.
 
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Brisel

Member
Arable Farmer
Location
Midlands
got any bearish news ????

Lots.

£ up, $ down as US isn't seen as quite the safe haven it recently was until the number of CV19 cases rocketed
Crude oil down which supresses biofuel markets. Brent Crude $25/barrel today
UK farmers will look to fix some prices on recent spring drillings (me included) when they start to get back in their offices
UK already at import parity for new crop wheat, so no further upside there
Recent £ rise means we are no longer export competitive on a big 2019 harvest
Global grain supply forecast to exceed demand. Again. This will build stocks
No big sporting events, reducing alcohol demand though domestic alcohol buying increasing

We may be off recent peaks, but IMO this market is a sell.
 

Brisel

Member
Arable Farmer
Location
Midlands
Crikey, your glass is half empty @Brisel !!

I will go with Clive's half full cup............especially as my wheat is still sitting in the store.

As you like. There's as much upside as there is downside. At this time of year, we'd be in a weather market which assures volatility anyway, before this virus malarkey came along.

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Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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