CRM Agri - Currency driving markets

CRM AgriCommodities

Member
Arable Farmer
Location
UK
utside markets control the direction of grain/oilseed prices today.

Daily Futures Prices & Daily Chart


Cereals
  • UK feed wheat under pressure due to sharp reversal in EURGBP prices.
  • US and EU markets up a touch on energy and stock market rebounds higher.
  • Franca Junior est. Brazil Corn crop at 88.64MlnT down from 88.55 prev.
  • US Weekly Corn Sales 2015/16 = 1.157MlnT; Wheat = 362kT.
  • Tunisia bgt 92kT milling wheat $181.44-184.69/T C&F & 50kT feed barley $176.11-177.71/T C&F.
  • Brazil government to auction off 500kT of corn to ease rising domestic prices as they recently oversold on the export front leaving the feed industry a little short.
  • Egypt's GASC state they have enough wheat reserves to last until 11th May.
  • Zimbabwe have organised a loan to pay for Maize imports!
Oilseeds
  • OSR futures supported by rebound in crude oil although EURGBP offset any domestic gains.
  • US Weekly Soybean Sales 2015/16 = 985kT.
  • Franca Junior est. Brazil Soy crop at 96.97MlnT down from 97.91 prev.
Of Interest
  • US government close offices early today due to Cold snap arriving: Cold Storage data still due out as expected!
  • Indian winter crop planting down 2.9% yr on yr.
  • To finish the week the Baltic freight Index unable to rally and makes a new low (even with a rebound in crude oil prices)!
Daily Spot EURGBP
acampaign_image.com_zohocampaigns_95661000002432016_zc_v3_capture__23_.png
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 107 39.5%
  • Up to 25%

    Votes: 101 37.3%
  • 25-50%

    Votes: 40 14.8%
  • 50-75%

    Votes: 5 1.8%
  • 75-100%

    Votes: 4 1.5%
  • 100% I’ve had enough of farming!

    Votes: 14 5.2%

May Event: The most profitable farm diversification strategy 2024 - Mobile Data Centres

  • 2,746
  • 49
With just a internet connection and a plug socket you too can join over 70 farms currently earning up to £1.27 ppkw ~ 201% ROI

Register Here: https://www.eventbrite.com/e/the-mo...2024-mobile-data-centres-tickets-871045770347

Tuesday, May 21 · 10am - 2pm GMT+1

Location: Village Hotel Bury, Rochdale Road, Bury, BL9 7BQ

The Farming Forum has teamed up with the award winning hardware manufacturer Easy Compute to bring you an educational talk about how AI and blockchain technology is helping farmers to diversify their land.

Over the past 7 years, Easy Compute have been working with farmers, agricultural businesses, and renewable energy farms all across the UK to help turn leftover space into mini data centres. With...
Top