More wet weather expected in the US

CRM AgriCommodities

Member
Arable Farmer
Location
UK

Cereals
  • Freezing temperatures forecast this weekend across areas of Illinois and Ohio as well as further heavy rainfall for already flooded areas could add to the weather risk premium.
  • US crop tours continue to quantify the damage for wheat as the tour moves through Kansas (a key wheat producing state).
  • With all eyes on the US, markets are ignoring the conditions in Europe which remain dry with many farmers turning to irrigation.
  • Further cold/ wet forecasts will likely bring further volatility to markets in the weeks ahead.
  • Informa Economics have projected US winter wheat crop higher than their April forecast - Reuters.
  • EU commission trim wheat production outlook by 300KT to 141.9MT.


Oilseeds

  • Palm falls on stronger ringgit and placing wider veg oils under pressure.
  • Informa increase Brazils soybean crop estimate by 2MT whilst reducing Argentina's crop to 56.8MT.
  • Flooded fields may affect the recently planted soybean fields although confirmation is still awaited.
Futures & Options prices
 

SFI - What % were you taking out of production?

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  • 100% I’ve had enough of farming!

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Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,286
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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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