- Location
- Lincolnshire
- European and US wheat futures remain near contract lows, with MATIF May trading at contract lows just before expiry.
- During last week CBOT soybean prices traded lower in the days following the USDA report, against information that export sales were under most trader’s expectations.
- Corn prices remain dominated by physical surpluses in the major exporting countries, and it is believed that any sustainable rally will have to be driven by a Northern Hemisphere weather issue.
- The UK will generally be bright and sunny today, with the exception of some rains forecast across parts of Scotland.
Last Trade Settle:
London May ’16 Settle £106.45/mt –up £0.25/mt from previous close (Expiry 23/5/16).
London July ’16 Settle £107.35/mt – up £0.45/mt from previous close.
London Nov ’16 Settle £117.55/mt – up £0.35/mt from previous close.
Paris Sep ’16 Settle €164.25/mt – up €2.75/mt from previous close.
Paris Dec ’16 Settle €169.25/mt – up €2.00 /mt from previous close.
Currency today:
GBP EUR 1.2677
EUR GBP 0.7884
EUR USD 1.1318
GBP USD 1.4353