- Location
- Lincolnshire
• US corn crop ratings remained unchanged w/w at 76% good/excellent (70% last yr), soybean unchanged at 71% good/excellent (62% last yr), spring wheat down 1 point at 68% good/excellent (71% last yr)
• Financial markets awaiting this week’s meetings – US fed / Japan central bank – Japan widely believed to see more stimulus into the economy
• Strategie Grains revised lower EU 2016/17 exports by 2.5mln t to 26.54mln t, due to the bad results of the French crop in terms of volume and quality
• EU’s crop monitoring unit (MARS) increases overall EU 2016/17 soft wheat yield from 6.07t/ha to 6.1t/ha- higher yields in Romanian and Bulgaria offsetting reductions in France
• SovEcon says due to the record wheat crop, Russian Government may review the export tax & lower intervention purchase prices to promote grain exports
• Sarfras & Mercado says Brazil 2016/17 soybean acreage to increase 0.9% y/y with a crop of 103.4mln t – summer corn plantings up 7.8% & 2nd corn crop pegged at 61.7mln t sharply above 2015/16 at 45.2mln t
Last Trade Settle:
London Nov ’16 Settle £125.45/t – down £0.40/t from previous close.
Paris Dec ’16 Settle €173.25/t – down €0.25/t from previous close.
CBOT Dec ’16 Corn Settle $3.4125/bushel – down 0.50cents/bushel from previous close
CBOT Dec ’16 Wheat Settle $4.5625/bushel – up 6.00cents/bushel prom previous close
Currency today:
GBP EUR 1.1885
EUR GBP 0.8415
EUR USD 1.1005
GBP USD 1.3075
• Financial markets awaiting this week’s meetings – US fed / Japan central bank – Japan widely believed to see more stimulus into the economy
• Strategie Grains revised lower EU 2016/17 exports by 2.5mln t to 26.54mln t, due to the bad results of the French crop in terms of volume and quality
• EU’s crop monitoring unit (MARS) increases overall EU 2016/17 soft wheat yield from 6.07t/ha to 6.1t/ha- higher yields in Romanian and Bulgaria offsetting reductions in France
• SovEcon says due to the record wheat crop, Russian Government may review the export tax & lower intervention purchase prices to promote grain exports
• Sarfras & Mercado says Brazil 2016/17 soybean acreage to increase 0.9% y/y with a crop of 103.4mln t – summer corn plantings up 7.8% & 2nd corn crop pegged at 61.7mln t sharply above 2015/16 at 45.2mln t
Last Trade Settle:
London Nov ’16 Settle £125.45/t – down £0.40/t from previous close.
Paris Dec ’16 Settle €173.25/t – down €0.25/t from previous close.
CBOT Dec ’16 Corn Settle $3.4125/bushel – down 0.50cents/bushel from previous close
CBOT Dec ’16 Wheat Settle $4.5625/bushel – up 6.00cents/bushel prom previous close
Currency today:
GBP EUR 1.1885
EUR GBP 0.8415
EUR USD 1.1005
GBP USD 1.3075