- Location
- Lincolnshire
- US markets close – closed for Independence day holiday.
- US Midwest weather forecast has heat returning to the central US with highs in the mid 90’s, and the weekend seeing more seasonal temperatures across the Midwest.
- US Southern Plains weather forecast is warm and wet for areas in eastern Texas, and Oklahoma, with elevated risk of wildfires continuing in the Southwest regions with intense heat and dryness.
- Algeria reportedly purchased 660kmt optional origin wheat for September.
- Russian weather sees increasing rainfall in the southern forecast as harvest activity ramps up.
- French wheat futures continued their rally yesterday to a 3-week high, as storms across France and ongoing dryness in Germany and the Baltic increases the debate over the potential size of the French and EU crops.
- London wheat futures saw marginal gains yesterday following firmer French values, although a slightly firmer currency limited the gains.
London Nov ’18 Settle £169.25/t – up £0.10/tonne from previous close
Paris Dec ’18 Settle €186.50 – up €1.00/tonne from previous close
CBOT Nov ’18 Soybean Settle - $8.6425 – unchanged from previous
CBOT Dec ’18 Corn Settle - $3.6425 – unchanged from previous close
CBOT Dec ’18 Wheat Settle – $5.0650 – unchanged from previous close
Currency Today:
GBP EUR 1.1315
GBP USD 1.3230
EUR GBP 0.8835
EUR USD 1.1690