- Location
- Lincolnshire
- US markets – soy higher on lower crop ratings. Corn marginally higher on unchanged crop ratings, talk of lower acreage and long-term forecast suggesting warmer, drier conditions. Wheat higher on lower US$ and forecast calling for limited rain/high temperatures moving into the Northern Plains later this week.
- US weather – Midwest looks to have an absence of heat and average to above average precipitation into early next week.
- US weather – Northern Plains have below average precipitation for the western half of the region, and moderate rains to fall in the eastern region.
- US weather – 11-16 day forecast has weak ridge, producing below average precipitation in most of the Midwest, Delta and Northern Plains, with average to above average temperatures.
- Continuing tension over the North American Free Trade Agreement (NAFTA) is causing headaches for many US farmers and concerns for agricultural lenders.
- Matif wheat made their sixth consecutive lower close as a 10-month high in the euro (against the US$) outweighed US gains and debate over potential crop losses to the French/EU wheat crops.
London Nov ’17 Settle £146.50/t – up £1.50/t from previous close
Paris Dec ’17 Settle €175.25 – down €0.75/t from previous close
CBOT Dec ’17 Corn Settle $3.7750/bushel – up 0.50 cents/bushel from previous close
CBOT Dec ’17 Wheat Settle $4.9125/bushel – up 3.25 cents/bushel from previous close
Currency Today:
GBP EUR 1.1285
GBP USD 1.2820
EUR GBP 0.8860
EUR USD 1.1355