grain buyer

Daily market grain market highlight from the research team at CRM AgriCommodities, read in under 4 minutes... No fresh US export sales were announced today, and markets will have to wait until tomorrow for the weekly US exports sales data. The weather in the US continues...

Markets focus on rain and exports Wheat / Barley Algeria's OAIC purchased ~700KT of milling wheat at ~$275, reflecting a rally in international markets, the reported prices were much higher than the previous tender. Weekly US net sales of 367.5KT for 2020/2021 were down 31% from the previous...

UK Balance Sheet Questions The AHDB/Defra September Balance Sheet raised more questions than it gave answers. Wheat ending stock estimates for 2019/20 on paper have been reduced from 3396KT to 2438KT, with a ‘residual’ 824KT. The change to include a ‘residual’ comes as stocks figures and usage...

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Grains continued lower in the wake of tumbling financial markets and a steep correction in oil prices as the COVID-19 continues to spread rapidly outside China. Despite the weaker pound and ongoing poor planting conditions in the UK, the 'old crop' May-20 LIFFE feed wheat contract settled at its...

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...

Cereals In a dearth of fresh fundamental news, the weakness in the Sterling against both the euro and the US dollar lent support to domestic values with May-19 LIFFE feed wheat continuing to recover from a near 10-month low. According to today's European Commission Mars crop monitoring report...

Cereals In the aftermath of yesterday's strong rally, US wheat finish lower whilst EU origins remained firm over renewed export optimism. LIFFE feed wheat was little changed despite the sharp rally in the Sterling against both the euro and the US Dollar. After a second defeat for PM Theresa...

Cereals UK wheat snapped a 3-day losing streak in sympathy with Matif and Chicago. Russia's Agricultural Ministry see their grain production in 2019 up 5% at 118MT of which 75MMT of wheat (+4% on last year), the second largest on record. The country could even produce a 80MMT cropunder...

Cereals With the likelihood of Article 50 being extended, the Sterling continued sharply higher against both the US dollar and the euro, reaching its highest level since Sep-18 and May-17 respectively. Consequently, May-19 LIFFE feed wheat continued lower for a 2nd consecutive session...

Cereals Trade was quiet today with the CBOT closed for Presidents day. Euronext wheat trader lower sharply once more during the session continuing to look for export demand with a large port lineup indicating strong demand amidst high Russian prices. Domestic basis levels remain strong...

Cereals A rather quiet session in Europe with both LIFFE and Matif wheat edging lower over a weakening US dollar and with limited trading volumes. According to today's HMRC data, the UK exported only 47KT of wheat in Dec-18 and imported more than 152KT. Consequently, the UK has now been a...

Cereals Traders are taking positions ahead of tomorrows USDA report which could cause some fireworks having with the market having no information from the USDA since December due to the US government shutdown. Wheat markets were lower into the report as the hopes of a deal being reached...

Cereals The Sterling continued lower against both the euro and the US dollar in the wake of a weak Purchasing Managers' Index which fell to 50.1 in January, the lowest since July2016, and against 51.2 in December. However, it was not enough to lend support to UK grains with May-19 LIFFE feed...

Cereals The main news from today's grain world was obviously the results of Egypt's GASC tender which bought 360KT of wheat but none from Russia. The FSU country origin was simply too expensive with FOB offersin excess of $255/T vs the cheapest $243/T offer from the US. However, due to its...

Cereals Tomorrow's vote in parliament could well decide the direction Brexit takes or not as the case may be. There is much uncertainty still which is evident in the currency markets which have failed to show a clear direction since early December. The US government shutdown continues to...

Cereals Wheat prices found techincal support levels with Eurnext and Liffe trading at or near key levels. France export 1.26MT of wheat in November, higher than October 1.13MT but behing the bumper month of August where 1.48MT were exported. Algeria remained the main destination, purchasing...

I remember hearing all about how El Nino is going to strike soon and with it's last occurrence, taking around 50% of Australia's wheat yield, where's it gone? Everyone's gone quiet about it. I've (foolishly) been trickling wheat out to cover cashflow with the idea of keeping some back to take...