grain marketing

Daily market grain market highlight from the research team at CRM AgriCommodities, read in under 4 minutes... Global markets have been in the red today as crude oil has come under pressure. Brent Crude lost near 3% today, falling below $82.5/bbl in a break lower...

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...

Markets cool following stocks report Global grain and oilseed markets have calmed today following yesterday’s USDA reduced stocks related market support. Read the blog here and while the data is important, scepticism is still needed. Wheat / Barley Weekly US net export sales of 506.3KT for...

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...

Export Sales Provide Support US export sales to China have continued to add underlying support to oilseeds and grains. Wheat / Barley FranceAgriMer has cut French soft wheat exports to non-eu countries to 6.6MT, down from 13.46MT last year. Unlike corn, US wheat export sales have not exceeded...

Russian harvest pressure and continued favourable weather in the US and Canada is leading to building pressure in grain markets as crop estimates are revised upward. Corn / Maize Disappointing old crop weekly US net sales of 101.6KT for 2019/2020 were down noticeably from the previous week and...

The IGC forecast for world total grains production in 2020/21 has been lowered by 13MT to 2,225MT, mainly on downgrades for wheat in the US, EU, and Russia, and maize in the US. Corn / Maize Reflecting the change in estimated US corn area, the International Grains Council lowered their 2020/21...

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US markets have continued to gain a degree of support in anticipation of tomorrows USDA WASDE as funds are likely reducing their exposure and covering short positions. However, these gains are against a backdrop of single day US Covid-19 cases reaching a new record of 62K yesterday, surpassing a...

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 rather dull session until the opening of the US markets, both LIFFE and Matif closed in green territory on limited trading volumes particularly for the former exchange ahead of tonight’s new vote in Parliament. Weekly EU wheat exports remain solid at more than 480KT against the...

Cereals In a dearth of fresh news and ahead of Friday's USDA NASS reports (US Stocks & Prospective Plantings), grains ended mostly lower after wheat reached a 1-month high yesterday on both sides of the Atlantic. The Sterling continued higher with MPs voting on different options for the...

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...