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Gleadell Daily Grain Comment - 5 July 2017

ADM Agriculture

Member
Trade
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).
Last Trade Settlement:
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
 

How is your SFI 24 application progressing?

  • havn't been invited to apply

    Votes: 29 35.4%
  • have been invited to apply

    Votes: 16 19.5%
  • applied but not yet accepted

    Votes: 29 35.4%
  • agreement up and running

    Votes: 8 9.8%

Webinar: Expanded Sustainable Farming Incentive offer 2024 -26th Sept

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On Thursday 26th September, we’re holding a webinar for farmers to go through the guidance, actions and detail for the expanded Sustainable Farming Incentive (SFI) offer. This was planned for end of May, but had to be delayed due to the general election. We apologise about that.

Farming and Countryside Programme Director, Janet Hughes will be joined by policy leads working on SFI, and colleagues from the Rural Payment Agency and Catchment Sensitive Farming.

This webinar will be...
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