- Location
- Lincolnshire
• US market consolidate from recent contract lows – fund short covering ahead of long week-end – US markets closed today for Labor Day
• Informa estimates US 2016 corn yield near 174.8bpa vs USDA 175.1bpa – Soybeans at 49.5bpa vs USDA at 48.9bpa
• Japan’s Ag Ministry has resumed buying US white wheat after a suspension due to the discovery of a GMO strain in July
• FC Stone sees 2016-17 Brazilian soybean crop at 101.9mln t, compared with 95.4mln t this year – places exports at 55mln t vs 54.1mln t this year
• Indian wheat imports could ramp up significantly in coming months after 2 years of drought – traders say government may lower / scrap 25% import tariff
• Russia’s Ag Ministry says 2016-17 wheat exports could jump 5mln t to 30mln t due to proposed reduction in export tax
• French AgriMer trims maize ratings 3 points to 60% good/excellent due to hot/dry weather over last few weeks
Last Trade Settle:
London Nov ’16 Settle £122.75/t – down £0.25/t from previous close.
Paris Dec ’16 Settle €161.50/t – down €0.50/t from previous close.
CBOT Dec ’16 Corn Settle $3.2850/bushel – up 4.75cents/bushel from previous close
CBOT Dec ’16 Wheat Settle $3.9925/bushel – up 4.50cents/bushel from previous close
Currency today:
GBP EUR 1.1955
EUR GBP 0.8360
EUR USD 1.1175
GBP USD 1.3360
• Informa estimates US 2016 corn yield near 174.8bpa vs USDA 175.1bpa – Soybeans at 49.5bpa vs USDA at 48.9bpa
• Japan’s Ag Ministry has resumed buying US white wheat after a suspension due to the discovery of a GMO strain in July
• FC Stone sees 2016-17 Brazilian soybean crop at 101.9mln t, compared with 95.4mln t this year – places exports at 55mln t vs 54.1mln t this year
• Indian wheat imports could ramp up significantly in coming months after 2 years of drought – traders say government may lower / scrap 25% import tariff
• Russia’s Ag Ministry says 2016-17 wheat exports could jump 5mln t to 30mln t due to proposed reduction in export tax
• French AgriMer trims maize ratings 3 points to 60% good/excellent due to hot/dry weather over last few weeks
Last Trade Settle:
London Nov ’16 Settle £122.75/t – down £0.25/t from previous close.
Paris Dec ’16 Settle €161.50/t – down €0.50/t from previous close.
CBOT Dec ’16 Corn Settle $3.2850/bushel – up 4.75cents/bushel from previous close
CBOT Dec ’16 Wheat Settle $3.9925/bushel – up 4.50cents/bushel from previous close
Currency today:
GBP EUR 1.1955
EUR GBP 0.8360
EUR USD 1.1175
GBP USD 1.3360