Forums
New posts
Forum list
Search forums
What's new
New posts
New resources
Latest activity
Trending Threads
Resources
Latest reviews
Search resources
FarmTV
Farm Compare
Search
Tokens/Searches
Calendar
Upcoming Events
Members
Registered members
Current visitors
New Resources
New posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Forum list
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More options
Contact us
Close Menu
Forums
Arable Farming
Arable Market Commentary
Gleadell Daily Grain Comment - 8 November 2017
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="ADM Agriculture" data-source="post: 4451938" data-attributes="member: 6746"><p> <ul> <li data-xf-list-type="ul">US markets – soy higher on pre-report covering and drier SA outlook. Corn unchanged on talk of higher US yield/stocks. Wheat lower as rise in US crop ratings offered resistance and may increase selling in front of US weekly sales/ USDA monthly reports.</li> <li data-xf-list-type="ul">US Midwest weather now has colder air pushing in from Canada this week, with highs ranging from 5 to 13 degrees below normal into the weekend. Many cities in the Midwest and Northwest will see the coldest temperatures of the season thus far. US Northern Plains weather will see temperatures plummet from the arctic blast, with overnight temperatures in North Dakota and northern Minnesota slipping below zero. US Delta weather will also see below normal temperatures until Friday, with a warmer trend building into next week. Precipitation will be on the light side.</li> <li data-xf-list-type="ul">National Australian Bank left their Australian wheat production estimate unchanged at 18.7mln t, which reflects the lowest output for a decade.</li> <li data-xf-list-type="ul">India’s wheat sowing, the main Rabi crop, is in full swing in most parts of the country, and the pace will pick up once kharif crops are harvested. Government has kept the wheat output target at 97.5mln t for the 2017-18 crop year (98.38mln t in 2016-17).</li> <li data-xf-list-type="ul">Russia’s wheat exports increased 23% y/y to 13mln t for 2017-18 season so far, with corn exports also up 19.5% y/y at 1.29mln t. Total grains exports so far this season have reached 16.9mln t, up 28% y/y.</li> <li data-xf-list-type="ul">UkrAgroConsult revised its forecast for the country’s 2017 maize harvest to 25.5mln t, down from its previous outlook of 26mln due to yield loss from poor weather. Exportable surplus is projected to be reduced by about 7% to 19.7-19.8mln t.</li> </ul><p><strong>Last Trade Settlement:</strong></p><p>London Nov ’17 Settle £139.10/t – up £0.40/t from previous close</p><p>Paris Dec ’17 Settle €161.75 – up €1.00/t from previous close</p><p>CBOT Dec ’17 Corn Settle $3.4775/bushel – down 0.25 cents/bushel from previous close</p><p>CBOT Dec ’17 Wheat Settle $4.2725/bushel – down 3.50 cents/bushel from previous close</p><p></p><p><strong>Currency Today</strong></p><p>GBP EUR 1.1330</p><p>GBP USD 1.3135</p><p>EUR GBP 0.8825</p><p>EUR USD 1.1595</p></blockquote><p></p>
[QUOTE="ADM Agriculture, post: 4451938, member: 6746"] [LIST] [*]US markets – soy higher on pre-report covering and drier SA outlook. Corn unchanged on talk of higher US yield/stocks. Wheat lower as rise in US crop ratings offered resistance and may increase selling in front of US weekly sales/ USDA monthly reports. [*]US Midwest weather now has colder air pushing in from Canada this week, with highs ranging from 5 to 13 degrees below normal into the weekend. Many cities in the Midwest and Northwest will see the coldest temperatures of the season thus far. US Northern Plains weather will see temperatures plummet from the arctic blast, with overnight temperatures in North Dakota and northern Minnesota slipping below zero. US Delta weather will also see below normal temperatures until Friday, with a warmer trend building into next week. Precipitation will be on the light side. [*]National Australian Bank left their Australian wheat production estimate unchanged at 18.7mln t, which reflects the lowest output for a decade. [*]India’s wheat sowing, the main Rabi crop, is in full swing in most parts of the country, and the pace will pick up once kharif crops are harvested. Government has kept the wheat output target at 97.5mln t for the 2017-18 crop year (98.38mln t in 2016-17). [*]Russia’s wheat exports increased 23% y/y to 13mln t for 2017-18 season so far, with corn exports also up 19.5% y/y at 1.29mln t. Total grains exports so far this season have reached 16.9mln t, up 28% y/y. [*]UkrAgroConsult revised its forecast for the country’s 2017 maize harvest to 25.5mln t, down from its previous outlook of 26mln due to yield loss from poor weather. Exportable surplus is projected to be reduced by about 7% to 19.7-19.8mln t. [/LIST] [B]Last Trade Settlement:[/B] London Nov ’17 Settle £139.10/t – up £0.40/t from previous close Paris Dec ’17 Settle €161.75 – up €1.00/t from previous close CBOT Dec ’17 Corn Settle $3.4775/bushel – down 0.25 cents/bushel from previous close CBOT Dec ’17 Wheat Settle $4.2725/bushel – down 3.50 cents/bushel from previous close [B]Currency Today[/B] GBP EUR 1.1330 GBP USD 1.3135 EUR GBP 0.8825 EUR USD 1.1595 [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Arable Farming
Arable Market Commentary
Gleadell Daily Grain Comment - 8 November 2017
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top