- Location
- Lincolnshire
- US markets – soy higher ahead of a long weekend. Corn moved lower, as new crop export figures were well below expectations. Wheat higher on short covering, good exports and lower Canadian numbers ahead of the weekend.
- CBOT is closed today for Labor Day.
- GASC bought 295k mt 1-10 Oct last week from Russia/Ukraine at c. $202 (c. $7/mt lower than previous purchases), while Tunisia bought 50k mt Nov at c. $193.5.
- MATIF Dec17 wheat ended down on the day and €0.50/mt down WoW (25/8/17-1/9/17), having traded to a new contract low of €156.5 on 30/8/17, and has traded down again this morning, with last trade @ €159.50 despite the slightly weaker euro.
- EU wheat weekly export figures were placed at 184k mt last week, taking the season total for soft wheat to 2.4m mt (all wheat 2.6m mt) at 52% down YoY.
- UK LIFFE wheat very much followed the MATIF pattern of trading, seeing little change on the week, closing down on Friday and trading down again this morning albeit on minimal volumes. Harvest progressed well in the north last week following good weather, but a new front brings patchy rains for much of the UK this week.
London Nov ’17 Settle £140.00/t – down £0.75/t from previous close
Paris Dec ’17 Settle €160.50 – down €1.00/t from previous close
CBOT Dec ’17 Corn Settle $3.5525/bushel – down 3 cents/bushel from previous close
CBOT Dec ’17 Wheat Settle $4.38750/bushel – up 5.25 cents/bushel from previous close
Currency Today:
GBP EUR 1.0850
GBP USD 1.2933
EUR GBP 0.9188
EUR USD 1.1917