• Welcome to The Farming Forum!

    As part of this update, we have made a change to the login and registration process. If you are experiences any problems, please email [email protected] with the details so we can resolve any issues.

LIFFE wheat approaches highs of 4 month trading range

CRM AgriCommodities

Member
Arable Farmer
Location
UK

Cereals

  • Wheat prices in the UK and Europe continued to rise today on concerns of ongoing dry conditions across Western Europe, as well as further sterling weakness against its Euro counterpart.
  • Corn prices in the US found support today as storms across the US delayed plantings.
  • Lower domestic Chinese corn prices led to March corn imports falling to a 3 1/2 year low.
  • US spring wheat and corn plantings have made good progress this week, although remain well behind last years pace and the 5 yr average for spring wheat (see chart of the day).
  • US winter wheat ratings remain unchanged at 54% good to excellent (see chart of the day #3).


Oilseeds
  • Palm oil prices dropped after recent gains today as the Malaysian Ringgit strengthened and rising production applied pressure.
  • Wider oilseeds retreated on lower palm with a stronger Euro keeping OSR from recovering any further.
  • US soybean plantings remain ahead of last year although early days with a record area expected.

Chart of the Day#1: US planting progress

Chart of the Day#2: US winter wheat ratings

Chart of the Day#3: US winter wheat ratings map



Futures & Options prices
 

How is your SFI 24 application progressing?

  • havn't been invited to apply

    Votes: 29 34.9%
  • have been invited to apply

    Votes: 17 20.5%
  • applied but not yet accepted

    Votes: 29 34.9%
  • agreement up and running

    Votes: 8 9.6%

Webinar: Expanded Sustainable Farming Incentive offer 2024 -26th Sept

  • 2,510
  • 50
On Thursday 26th September, we’re holding a webinar for farmers to go through the guidance, actions and detail for the expanded Sustainable Farming Incentive (SFI) offer. This was planned for end of May, but had to be delayed due to the general election. We apologise about that.

Farming and Countryside Programme Director, Janet Hughes will be joined by policy leads working on SFI, and colleagues from the Rural Payment Agency and Catchment Sensitive Farming.

This webinar will be...
Back
Top