- Location
- UK
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Cereals
Oilseeds
Of Interest
Chart of the Day
Futures & Options Prices
Cereals
- UK wheat edged lower as harvest progresses with more reports of better than expected yields and quality. The Sterling strength also weighed on price.
- EU granted 358kT of soft wheat & 13kT barley export licenses and 141kT corn import licenses (See chart of the day).
- China sells 395kT of corn from 2013 state reserves.
- US weekly wheat export sales were average whilst corn was again good.
- The CME Group lower speculator initial margins by 14.3% to $1,200 per lot.
Oilseeds
- OSR lost some ground today as the sterling rallied and EU futures edged lower alongside the falls in other oilseed markets on profit taking.
- Palm applies pressure to vegoils as technical resistance is reached and Malaysian Ringgit strengthens.
- US soybean weekly export sales were within expectations at 1.6MlnT compared to 3MT last week.
Of Interest
- Crude oil markets rallied as lower inventories provided support.
- Sterling rallied today as July retail sales were well ahead of the +0.2% expected at 1.4%.
Chart of the Day
Futures & Options Prices