Market Review 27th Nov 2017

Markets continue to erode, as US Wheat makes new contract lows late in the week.  France AgriMer lower wheat export projections by 300tmt to 9.9mmt. Total EU wheat exports of 8.1mmt this season are still circa 22% below 2016/17.  Russian wheat exports of 15.6mmt from 1st July, up 25% on the year.  US wheat export sales were lower than expected, at just 199tmt (trade est. 350-550tmt). 3rd lowest of the marketing year to date.  US funds estimated net short 131k wheat, 245k corn. COT report due for release today.  Argentine government officials increase wheat production estimates to 18mmt (BAGE 17mmt).  Brazil’s AgroConsult place the countries corn crop at 94.4mmt, down 900tmt on pre

Tri-Grain Training Courses Available in December 2017

TRI-GRAIN LTD 2017 - TRAINING COURSES Spaces Available Issue Date: 23rd November 2017 For further information or to book a place on any of the courses below please contact Katherine Walsingham:- E: katherine@coastal-grains.co.uk T: 01668 213568 Friday 1st December 2017 Only 4 places remaining! ABRASIVE WHEELS (classroom based course) The aim of this course is to ensure Abrasive Wheel users are fully capable and competent and that the dangers associated with abrasive wheels are understood. There is a Multi Choice Assessment to pass at the end of this course. 9am-12pm Coastal Grains, Station Road Belford NE70 7DT Monday 4th December 2017 Limited Places available ! PA6- 'Use of hand-h

Market Review 20th Nov 2017

Markets close lower on the week, with US wheat approaching contract lows, before consolidating.  Informa estimate US 2018/19 corn area at 91.4m/a, up from 90.4m/a this season. All wheat acreage placed at 45.6m/a versus 46m/a this year.  Ag Canada suggest 2017 wheat production of 27.1mmt, versus last year’s crop of 31.7mmt. Canadian wheat/durum exports since Aug 1st 5.48mmt versus 5.03mmt last year.  UK wheat exports reported at 147tmt to the end of September, down 78% on the same period last year. Imports for the first quarter of the season were broadly similar to last season at 419.1tmt (down 2%).  Vivergo announces intention to shut for maintenance, with intake expected to resume in

Market Review 13th Nov 2017

Wheat markets trade sideways this week, as US corn makes new contract lows post USDA data, released late on Thursday. USDA raise US corn yield estimates to a record 175.4b/a (174.6b/a last year). US carryover also raised 3.7mmt to 63.2mmt.  US corn demand remains strong for ethanol/feed/exports, though farmer selling is believed to be considerably behind normal.  Coceral place UK wheat crop at 14.79mmt, whilst Strategie Grain suggest 14.52mmt, significantly below DEFRA’s first estimate of 15.16mmt.  US funds estimated net short 129k wheat, 244k corn (near record).  EU Commission report wheat exports just over 7mmt to 7th November, 25% down on 2016. USDA estimate EU all-wheat exports

Market Review 3rd Nov 2017

US wheat reaches new contract lows before consolidating somewhat, whilst UK/EU markets continue to be currency led.  Private Analysts FcStone and Informa release new US corn crop estimates, suggesting 173.7b/a and 173.4b/a respectively. This is relative to USDA’s October estimate of 171.8b/a.  Iraq buys 450k US HRW late last week, (now 600k in sales to date from the US).  Russian Ag Ministry report their wheat harvest at 87.9mmt, versus 75.8mmt in 2016 (up 16%). Wheat exports of 12.3mmt by the end of October up 21% on the pace of the previous year.  Russian Ministry also announces plans to wave rail charges for 3.2mmt of grain from certain areas in November, to help support exports fr

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