Funds cover short position moving wheat prices higher

Location
UK
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 by 70% as swine flu continues to lead to large number of stock being destroyed.
  • China are increasing poultry, beef and fish production in response to the crisis.
  • US ethanol stocks have continue to fall amidst poor producer margins.

Oilseeds
  • Traders continue to wait to see further Chinese soybean purchases amidst the ongoing negotiations.
  • US export sales of soybean we disappointing this week and seen below market expectations.
  • Palm oil prices helped support EU OSR values which continue to recover.


Futures & Options prices

CRM Agri Grain Marketing Training Course
"A highly valuable day for our business. It provided us with confidence to make decisions and manage price volatility. A clear and simple explanation on a complex topic has no doubt helped to transform the way we market our grain.”
Pete Collins, Partner, MJ & SC Collins


You can book onto our next course in May here
 

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Cereals 2020 tickets on sale

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Cereals 2020 tickets on sale

Tickets are now on sale for Cereals 2020, with early bird prices of just £15 and group discounts available.

Having sought and considered visitor and exhibitor feedback, the new Comexposium management team have cut ticket prices and made it easier for farmers to bring their whole family or staff party to the Event...
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