See tonight news below or click here with up to date futures and options prices:
Funds and weather drive oilseeds lower
Cereals:
Improved South American weather and fund selling added pressure to the cereals market today.
Algeria who have been key buyers of European wheat this campaign have launched a tender to purchase 50KT of milling wheat and 25KT of barley for Mar/Apr delivery.
Wheat feels the effects of fund selling and spill over from oilseeds with prices falling in Europe, the US and on UK wheat futures.
Continued low water levels on the Rhine and Danube are leading to logistical issues and partially loaded boats being moved.
Oilseeds:
Oilseeds markets traded lower around the world as weather conditions in South America improved and technical selling applied pressure after last weeks bullish funds bets (see chart of the day)
Rapeseed traded sharply lower following soybeans with May-17 losing €5.5/T.
US soybean exports inspection were higher than market expectations at 1.63MT, although this did little to support the markets.
Drier conditions in some of the badly flooded areas of Argentina over the weekend led to operators increasing sales today.
Palm oil markets remain closed due to Lunar New Year celebrations.
Rains in Northern Brazil continues to delay soybean harvest progress.
For anyone looking to learn more about options and other risk management tool and how they can be applied to marketing strategies, register your interest below:
Location: Village Hotel Bury, Rochdale Road, Bury, BL9 7BQ
The Farming Forum has teamed up with the award winning hardware manufacturer Easy Compute to bring you an educational talk about how AI and blockchain technology is helping farmers to diversify their land.
Over the past 7 years, Easy Compute have been working with farmers, agricultural businesses, and renewable energy farms all across the UK to help turn leftover space into mini data centres. With...
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.