- Location
- Lincolnshire
- Chicago ag futures generally lost out yesterday on a firmer USDollar and improving forecasts in the US, meanwhile Arg. Govt. yesterday forecast ‘16/17 wheat acreage @ 5.3m Ha, from 4.37m Ha this year, so making a near-decade record area.
- USDollar held at a near 2-month high yesterday vs a basket of currencies on news that the Fed may look at an increase in US interest rates possibly in this half of the year.
- Without banging the same drum: the UK FW market is finding domestic demand for June, July & August, but at a steady rate, as consumers and merchants cover in small remaining shorts while FB is not discussed on old crop following a strong export campaign in the 2nd half of the season.
- Japanese Balance of Trade figures are released @ 0050BST on Monday with an EU Consumer Confidence Flash later @ 1500BST. German Economic Sentiment Index figures are released on Tuesday @ 1000BST with Bank of Canada Interest Rate Decision on Wednesday @ 1500BST.
- Forecasts see little change from yesterday.
Last Trade Settle:
London May ’16 Settle £106.00/mt –down £0.50/mt from previous close (Expiry 23/5/16).
London July ’16 Settle £107.25/mt – down £0.50/mt from previous close.
London Nov ’16 Settle £116.20/mt – down £1.05/mt from previous close.
Paris Sep ’16 Settle €161.50/mt – down €2.50/mt from previous close.
Paris Dec ’16 Settle €167.25/mt – down €1.75 /mt from previous close.
Currency today:
GBP EUR 1.2974
EUR GBP 0.7706
EUR USD 1.1226
GBP USD 1.4560