The latest episode of FeedCast is brought to you by James Barker our Product Lead for Straights.
James starts by discussing the changes we have seen in the market and what opportunities there might be in regards to the agriculture commodity complex.
Firstly we’ve seen an opportunity on the wheat market quicker than we possibly thought. Markets have moved down £15 or so in the recent week, mainly following 10 consecutive days of Chicago wheat trading to the downside and global markets following. This seems due to plenty of improved weather stories, alongside a few geopolitical decisions to help aid the short term outlook on global wheat.
Moving onto the corn market, it has been fairly stagnant due to the good central US weather. There are no signs of drought at the minute and early crop harvest ratings have gone up to 75% good to excellent in the USDA predictions, which is a six year high. We have seen some downside movement in the proteins market. It isn’t to the same extent of cereals but with uncertainty in Soya for 2025 still lingering and a lack of availability in the distillers market, Rapemeal continues to be well supported with continued sales.
Have a listen to hear James talk more in-depth on these topics and what else is happening in the market!
As always get in touch with your sales representative or contact us in the office if you have any queries.
Legal Disclaimer:
Please note: The information provided during this podcast has been prepared for general informational purposes only and does not constitute advice. The information must not be relied upon for any purpose and no representation or warranty is given as to its accuracy, completeness or otherwise. Any reference to other organisations, businesses or products during the podcast are not endorsements or recommendations of AB Agri or its affiliated companies. The views of the presenter are personal and may not be the views of AB Agri. The contents of this podcast are the copyright of AB Agri.
Continue reading...
James starts by discussing the changes we have seen in the market and what opportunities there might be in regards to the agriculture commodity complex.
Firstly we’ve seen an opportunity on the wheat market quicker than we possibly thought. Markets have moved down £15 or so in the recent week, mainly following 10 consecutive days of Chicago wheat trading to the downside and global markets following. This seems due to plenty of improved weather stories, alongside a few geopolitical decisions to help aid the short term outlook on global wheat.
Moving onto the corn market, it has been fairly stagnant due to the good central US weather. There are no signs of drought at the minute and early crop harvest ratings have gone up to 75% good to excellent in the USDA predictions, which is a six year high. We have seen some downside movement in the proteins market. It isn’t to the same extent of cereals but with uncertainty in Soya for 2025 still lingering and a lack of availability in the distillers market, Rapemeal continues to be well supported with continued sales.
Have a listen to hear James talk more in-depth on these topics and what else is happening in the market!
As always get in touch with your sales representative or contact us in the office if you have any queries.
Legal Disclaimer:
Please note: The information provided during this podcast has been prepared for general informational purposes only and does not constitute advice. The information must not be relied upon for any purpose and no representation or warranty is given as to its accuracy, completeness or otherwise. Any reference to other organisations, businesses or products during the podcast are not endorsements or recommendations of AB Agri or its affiliated companies. The views of the presenter are personal and may not be the views of AB Agri. The contents of this podcast are the copyright of AB Agri.
Continue reading...
