- Location
- Chichester
Markets returned to the highs last week after a ten-day wobble. Russia announced a possible wheat export quota for Jan-June 2022. Tariffs make wheat more expensive, quotas make it unavailable - more than enough to spook the European market back into action. Elsewhere, there were some signs of the bull run finally running it’s course. International big boat freight rates have calmed significantly in recent days. This is yet to feed into the smaller Coaster market but it’s a change in sentiment that will spread as the autumn glut of grain movements passes through. A choppy week might be in store but it’s too early to call it lower just yet.
That said, prospects for the post-Christmas market are still very positive. Malting barley is generally storing very well – the crop has had its issues particularly in the South this year, but pre-germ was never a feature and we expect it to be a safe bet for the Jan-March marketing position where demand will be keen. If you would like a visit from a sampler to check things over let the grain office know and we will arrange a call. Generally the sense is that buyers have a lot to do domestically on milling wheat and malt and there will be good premiums continuing for most grades.
Have a good week.
To contact the Grain Marketing team at Bartholomews, please email [email protected] or call 01243 755605
Visit our website: www.bartholomews.co.uk
That said, prospects for the post-Christmas market are still very positive. Malting barley is generally storing very well – the crop has had its issues particularly in the South this year, but pre-germ was never a feature and we expect it to be a safe bet for the Jan-March marketing position where demand will be keen. If you would like a visit from a sampler to check things over let the grain office know and we will arrange a call. Generally the sense is that buyers have a lot to do domestically on milling wheat and malt and there will be good premiums continuing for most grades.
Have a good week.
To contact the Grain Marketing team at Bartholomews, please email [email protected] or call 01243 755605
Visit our website: www.bartholomews.co.uk