malting barley

I’m a genius! We called the market to be flat and sideways for each of the last two weeks and here we are, on old crop at least, back at the same values as two Fridays ago. Let’s not dwell on the intervening period where we were £8 lower and then back up again, we just need a new catchy phrase...

Last week’s USDA report offered no new excitement for the bulls, and with Southern Hemisphere crops now arriving on the market, International tenders are more unpredictable. Hence, we saw renewed pressure late in the week in all markets. That said the new crop noticeably held its ground and made...

New Year markets continued a drifty tone last week, but were rescued by a Friday rally as more worries emerged about the South American harvest. There are lots of macro-news stories around Covid, how the world economy emerges from the pandemic, interest rates etc which makes the overall picture...

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...

Markets finished slightly higher last week – a softer feel on Thursday/ Friday not quite removing the gains from earlier on. Did we see the top of this season’s market on Wednesday? Time will tell. The US was closed for Thanksgiving which held us back, but the emergence of a new Covid strain...

Markets returned to the highs last week after a ten-day wobble. Russia announced a possible wheat export quota for Jan-June 2022. Tariffs make wheat more expensive, quotas make it unavailable - more than enough to spook the European market back into action. Elsewhere, there were some signs of...