- Location
- Lincolnshire
- US markets – all commodities markets were closed yesterday for the Independence Day holiday and reopen today @ 1430 GMT.
- CFTC report shows funds have almost washed away their bearish Chicago wheat position, likely to enter July as bulls, and would reflect speculators first net long in the Chicago SRW market in nearly two years.
- US farmers holding out for higher corn prices may finally sell below target levels in the next few weeks, as government report released recently underscores the huge supplies left on farm, which was the highest June 1st stock figure in 29 years.
- Argentine soybean plantings are likely to decline further in 2018, because of acreage shift to wheat, corn and sunflower, according to Ag. Ministry.
- Russian total grain exports totalled 35.9mln mt a/o June 28th(up 3.8% y/y. Wheat exports increased to 26.8mln t (up 9.3% y/y) with corn exports also higher at 5mln t (up 7.5% y/y).
London Nov ’17 Settle £151.50/t – up £0.25/t from previous close
Paris Dec ’17 Settle €185.75 – up €0.25/t from previous close
CBOT Dec ’17 Corn Settle $3.9925/bushel – up 7.25 cents/bushel from previous close (Monday)
CBOT Dec ’17 Wheat Settle $5.7400/bushel – up 29.00 cents/bushel from previous close (Monday)
Currency Today:
GBP EUR 1.1370
GBP USD 1.2905
EUR GBP 0.8790
EUR USD 1.1345