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Cereals:
After settling at a contract high last Wednesday, the May-17 LIFFE Feed wheat contract fell due to a strengthening Sterling.
May-17 Euronext milling wheat spent the day in the red and after touching its short-term technical support of 170.50€/T
Mar-17 CBOT...
USDA WASDE in a nutshell
US Soybean yield was estimated at 50.6bu/ac v 48.9 LM and hence prod. up to 114.33MlnT v 110.5 LM. US 2015/16 ending stocks fell to 5.32MlnT from 6.95 LM. The 2016/17 World production saw a 2MlnT decrease to Brazilian prod.
US Corn yield was estimated at 174.4bu/ac v...
Evening Market Update - UK quality and yields better then expected - Subscribe Free HERE
Cereals
UK wheat edged lower as harvest progresses with more reports of better than expected yields and quality. The Sterling strength also weighed on price.
EU granted 358kT of soft wheat & 13kT barley...
Cereals
Once again the UK grain market rallied despite wheat yields currently coming in about average so far. The LIFFE Feed wheat futures hit some buy stops and traded to a July 2015 high, above the post plantings high of £134, then fell back to previously traded levels around £131.80.
UK...
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Cereals
The UK grain market shrugged off the rebound in sterling and then traded to the highest levels since mid-october 2015 when sterling gave up all the days gains.
June's UK grain exports seemed to be overshadowed by the...
Cereals
After trading at £128/T in early afternoon, the UK wheat prices rally was capped by a rebound in the Sterling which gained about 0.7% & 1.2% against the euro and the US dollar respectively.
The front-month CBOT wheat contract dipped below the psychological $4/bu mark for the first time...
News
Overnight
GBP rallies to post BOE highs,
Malaysian Palm Oil exports from 1st-15th July seen at 561.471T v 566.212 in June - ITS. The Crude Oil market is up 14 at 2263 MRY/T.
Brazilian weather is favourable for wheat crops, with main growing state Parana 99% planted. CONAB see the crop...
Cereals
Markets were on hold and waiting for the USDA report. The corn acres were higher than expected at 94.148Mln acres and v trade estimate of 92.896. All wheat acres were 50.816Mln acres v 49.869 trade estimate. Corn stocks were higher than expected and wheat as expected.
UK prices were...
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