- Location
- Chichester
Wheat markets looked to go lower, particularly on old crop last week, only to be boosted again by renewed Ukrainian tensions. US markets dipped into their close on Friday after we had gone home and are closed for Presidents Day this Monday. With this in mind, European closes from Friday now look a bit too high, but essentially we are all stuck in no-mans-land waiting for a decisive move to cut through all the speculation and spin.
That might have to wait a bit longer, but in the meantime UK old crop markets had quite a busy week with good volumes of all main crops, feed and quality, changing hands. Milling wheat saw good interest which has created opportunities for most grades right up to harvest. Malting barley sellers soaked up the remaining interest for the big domestic premiums that had persisted for several weeks. By Friday, export bids were the better value again in this topsy-turvy season. We have cargoes of planet, laureate and propino all due through Shoreham in coming weeks, so it promises to be a busy period and a good time to tidy up and get ready for the next campaign.
Have a good week.
That might have to wait a bit longer, but in the meantime UK old crop markets had quite a busy week with good volumes of all main crops, feed and quality, changing hands. Milling wheat saw good interest which has created opportunities for most grades right up to harvest. Malting barley sellers soaked up the remaining interest for the big domestic premiums that had persisted for several weeks. By Friday, export bids were the better value again in this topsy-turvy season. We have cargoes of planet, laureate and propino all due through Shoreham in coming weeks, so it promises to be a busy period and a good time to tidy up and get ready for the next campaign.
Have a good week.