Funds cover short position moving wheat prices higher

CRM AgriCommodities

Member
Arable Farmer
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.
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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.
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Futures & Options prices
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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
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 79 42.9%
  • Up to 25%

    Votes: 63 34.2%
  • 25-50%

    Votes: 30 16.3%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 6 3.3%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,287
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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