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Arable Farming
Arable Market Commentary
Mixed fortunes for EU wheat farmers as Brexit weighs
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<blockquote data-quote="CRM AgriCommodities" data-source="post: 6528638" data-attributes="member: 29580"><p><strong>Cereals</strong> </p><ul> <li data-xf-list-type="ul">UK wheat producers are feeling the impact of a Brexit standoff from buyers as uncertainty grows ahead of a looming Brexit deadline and exporters struggle to place UK wheat. </li> <li data-xf-list-type="ul">Merchants are under pressure to find homes and storage for a larger than expected wheat crop with aggressive harvest selling adding to the pressure. </li> <li data-xf-list-type="ul">The spread between UK and EU Maize is at -£16/T, the widest in three years and the cheapest vs EU wheat since July 2017.</li> <li data-xf-list-type="ul">In the US, yesterday crop progress report showed a 1% increase in both corn and soybean crops conditions at 57% and 55% respectively following rains last week. Both remain behind normal maturity by 2-3 weeks.</li> <li data-xf-list-type="ul">Egypts latest wheat tender for wheat saw French origin the cheapest at $193.86 for 60KT.</li> </ul><p></p><p><img src="https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=99260ec6e4&e=25be6ed339" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p><strong>Oilseeds</strong></p><ul> <li data-xf-list-type="ul">Soybean prices were under pressure as conditions in the US improved and Trade War. </li> <li data-xf-list-type="ul">Veg oils experience a sell off with palm trading lower. </li> <li data-xf-list-type="ul">Domestic meal prices were softer over the past week echoing the global pressure. </li> </ul><p><img src="https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=46e4aef6ea&e=25be6ed339" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p><img src="https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=2dfcd48031&e=25be6ed339" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p><img src="https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=d69a10d4b4&e=25be6ed339" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p><img src="https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=f1551199b8&e=25be6ed339" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>To subscribe to our FREE daily news wrap of independent grain marketing analysis, click <a href="http://www.crmagri.co.uk/daily-market-wrap/" target="_blank">here</a>.</p></blockquote><p></p>
[QUOTE="CRM AgriCommodities, post: 6528638, member: 29580"] [B]Cereals[/B] [LIST] [*]UK wheat producers are feeling the impact of a Brexit standoff from buyers as uncertainty grows ahead of a looming Brexit deadline and exporters struggle to place UK wheat. [*]Merchants are under pressure to find homes and storage for a larger than expected wheat crop with aggressive harvest selling adding to the pressure. [*]The spread between UK and EU Maize is at -£16/T, the widest in three years and the cheapest vs EU wheat since July 2017. [*]In the US, yesterday crop progress report showed a 1% increase in both corn and soybean crops conditions at 57% and 55% respectively following rains last week. Both remain behind normal maturity by 2-3 weeks. [*]Egypts latest wheat tender for wheat saw French origin the cheapest at $193.86 for 60KT. [/LIST] [IMG]https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=99260ec6e4&e=25be6ed339[/IMG] [B]Oilseeds[/B] [LIST] [*]Soybean prices were under pressure as conditions in the US improved and Trade War. [*]Veg oils experience a sell off with palm trading lower. [*]Domestic meal prices were softer over the past week echoing the global pressure. [/LIST] [IMG]https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=46e4aef6ea&e=25be6ed339[/IMG] [IMG]https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=2dfcd48031&e=25be6ed339[/IMG] [IMG]https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=d69a10d4b4&e=25be6ed339[/IMG] [IMG]https://crmagri.us12.list-manage.com/track/click?u=3ff340f3a7f8fae8fcb7979ba&id=f1551199b8&e=25be6ed339[/IMG] To subscribe to our FREE daily news wrap of independent grain marketing analysis, click [URL='http://www.crmagri.co.uk/daily-market-wrap/']here[/URL]. [/QUOTE]
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Arable Farming
Arable Market Commentary
Mixed fortunes for EU wheat farmers as Brexit weighs
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