- Location
- Lincolnshire
- US markets – closed for President’s Day holiday yesterday.
- US weather – above normal precipitation will cover US Midwest/Northern Plains, but Southern Plains remain mostly dry; temperatures remains well above normal.
- CFTC report showed a/o 14th Feb that managed money substantially trimmed their short Chicago wheat position by 42500 contracts (almost 50%), now seen only 42500 contracts short (5.78mln t).
- India’s wheat imports from the EU/Black Sea are about to come to a halt, as the government insists on Methyl Bromide fumigation at origin, a substance which is banned in the EU and Black Sea.
- EU weather – above normal precipitation across the EU with the exception of France and Iberia. Temperatures here are also above normal.
London May ’17 Settle £147.90/t – down £0.85/t from previous close
Paris May ’17 Settle €173.00 – down €1.00/t from previous close
CBOT Mar ’17 Corn Settle $3.6825/bushel – unchanged as market closed
CBOT Mar ’17 Wheat Settle $4.4100/bushel – unchanged as market closed
Currency Today:
GBP EUR 1.1785
GBP USD 1.2435
EUR GBP 0.8485
EUR USD 1.0550