A medium independent trader was telling me yesterday that at a trade dinner last month cofco, cefetera men etc were crowing about how many 0000’s of tons of barley they had in store, worth £300+ and getting scarce. Dropped £55/tonne in the last week round here and suddenly they are offering this barley up along with all the farmers who ‘had none left’ a month ago, now it’s the buyers turn and they’re saying ‘we’re full thanks’
Difficult to get a long reaching forward price to physically buy, but I would say it points to a drifting barley market until combines roll here and yields can be ascertained
Why ,just been told cattle price is on the rise and cows and calves
Buying spot to store yourself is no problem in the £260,s ex, I have no storage so have to contract it. Not actually using any at all myself, there are cheaper and better options to feed cattle on at the moment
coloradowheat.org
Cows and calves at 4-5k will never pay!
To much carryover I think
Managed money exiting the market by accounts.
be interesting to see what price is then when all the speculators start selling futures .
where?
Alo be interesting to see the price of lamb and beef
