Funds cover short position moving wheat prices higher

CRM AgriCommodities

Member
Arable Farmer
Location
UK
Cereals
  • Fund short covering today moved wheat prices higher as CBOT values hit a one month low yesterday attracting bargain buying.
  • Northern Europe continues to look dry over coming weeks as concerns grow for crops, particularly those on lighter land.
  • Chinese pig prices are expect to increase by 70% as swine flu continues to lead to large number of stock being destroyed.
  • China are increasing poultry, beef and fish production in response to the crisis.
  • US ethanol stocks have continue to fall amidst poor producer margins.
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Oilseeds
  • Traders continue to wait to see further Chinese soybean purchases amidst the ongoing negotiations.
  • US export sales of soybean we disappointing this week and seen below market expectations.
  • Palm oil prices helped support EU OSR values which continue to recover.
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Futures & Options prices
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CRM Agri Grain Marketing Training Course
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