This episode sees Chris Davidson and James Butt-Evans discussing the volatility of the soya market over the last few weeks. This has arisen due to the short world end stocks of soya and the increasing concern over the dryness of the weather in the US, where over 20% of the country is now in drought conditions.
The corn markets are still an issue with a very high price old crop. Like the soya crop, US wheat is again seeing pressure from the dry weather. Over the Atlantic, in the UK, crops are making good progress with much needed rain in May followed by the sun. However there is a while to go before the harvest and there may be issues around the transition of old crop to new crop pricing. Not forgetting the increased demand expected on the crop following the reopening of Vivergo in early 2022.
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The corn markets are still an issue with a very high price old crop. Like the soya crop, US wheat is again seeing pressure from the dry weather. Over the Atlantic, in the UK, crops are making good progress with much needed rain in May followed by the sun. However there is a while to go before the harvest and there may be issues around the transition of old crop to new crop pricing. Not forgetting the increased demand expected on the crop following the reopening of Vivergo in early 2022.
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Continue reading...
