liffe

Old crop was busily traded last week and has now spent six weeks trading more or less sideways at the highs set in early March. The only danger now is in getting stuck at the end with a round peg when only square holes are available. Judging the gap between different markets has become quite...

Markets held the positive tone of the previous Friday , gaining £4 on the week to settle just above the multi-week support level of £220 on May LIFFE. Several Countries followed the US lead in advising citizens to exit Ukraine if possible, although it’s not clear what this is based on as yet...

Markets had a fair bit of news to absorb last week. There was a USDA report which improved ending wheat stocks very slightly, updates on the important Australian harvest pointed to heavy rains which will impact quality, but possibly not yield. International buyers, especially China, were very...

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 Sterling was once again the main feature as it drifted lower against the Euro and USD, but when the US and EU markets turned south erasing all of yesterday's gains the UK market couldn't hold on to gains. UK's Defra pegs domestic wheat crop at 14.476MlnT and barley at 6.652MlnT. Cereal...

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...