Market Report 22nd March 2019

Markets trade largely sideways, though US weather developments supportive. EU soft wheat exports to non-EU destinations down only 11% y/o/y now after better sales over the last 2 months. US funds estimated net short -283k (corn), -62k (soybeans), -130k (wheat). Corn short now record large. US weekly export sales reported at 856k (corn), 299k (wheat), 1mmt (soybeans). Wheat sales fell short, with 600k/week needed to reach current targets. 300k corn business reportedly done with China late in the week, providing support. London wheat market supported by the weakening pound, though this could be reversed if sentiment towards a deal changes. UK physical wheat markets dynamics suggestive of a sur

Market Report 8th March 2019

Slide continues as USDA’s latest report provides little supportive to alter current sentiment. USDA headlines US wheat export estimates reduced by 960tmt to 26.26mmt. Due to increases in imports and reductions in consumption, ending stocks were placed at 28.72mmt, over 1mmt above trade estimates. US corn exports also reduced by 1.9mmt to 60.33mmt. Ending stocks increased by 2.54mmt to 46.62mmt. EU wheat exports raised by 1mmt to 23mmt, despite the trade anticipating a decline. EU wheat ending stocks reduced as a result by 800tmt to 10.43mmt after slight adjustments to consumption and imports. Russian wheat production estimate raised by 900tmt to 71.69mmt (harvest time private estimates as lo

Market Report 1st March 2019

Sharp sell-off this week lead by US markets, as a lack of constructive news re. the US/China trade deal, helps spark liquidating trade. Ensus announce intention to resume ethanol production in March, boosting London Futures. Though it appears this will be at reduced capacity, with limited wheat used initially. Latest UK S&D figures released place wheat production at 13.953mmt for this season, down 133k on prev. Usage reduced by 166k however, leaving an exportable surplus of 800tmt. Trade view that a carryover to new crop is highly likely with export market conditions very challenging. UK barley exportable surplus now estimated in excess of 1mmt, with production raised and consumption reduced

0191 428 7700

Tyne Dock, South Shields NE34 9PL, UK

©2017 BY TYNEGRAIN LTD. PROUDLY CREATED WITH WIX.COM