Gleadell Daily Grain Comment - 23rd June 2016

ADM Agriculture

Member
Trade
Location
Lincolnshire

  • Chicago corn fell again yesterday, now down 50c down from last Friday off of continuing favourable weather forecast and the south American harvest now coming into the market.

  • Other than this the markets lacked any fresh news, with traders continuing to monitor weather stories and any potential quality issues.

  • With the EU referendum vote being cast today the UK domestic trade is expected to be quiet.

  • There are thundery showers forecast in south-east England this afternoon. The rest of the country staying largely dry and cloudy with some bright or sunny spells. Some showers will affect western Scotland and Northern Ireland through the day.

Last Trade Settle:

London July ’16 Settle £106.00/mt – no change from previous close.

London Nov ’16 Settle £116.50/mt – down £0.70/mt from previous close.


Paris Sep ’16 Settle €161.50/t – down €1.00/mt from previous close.

Paris Dec ’16 Settle €166.25/t – down €1.25/mt from previous close.


Currency today:

GBP EUR 1.3015

EUR GBP 0.7680

EUR USD 1.1327

GBP USD 1.4743
 

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