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January 30, 2018

January has seen a firming in spot value of feed wheat; £145-147/t (depending on location) is quite easily achievable. This is purely down to buyer’s taking cover hand-to-mouth as there is very little carry further forward in the market. The inflated spot feed market i...

January 30, 2018

Weaker dollar and concerns around US HRW conditions help drive fund short covering this week, with CBOT Wheat up circa $7.

  • EU Commission reduce soft wheat crop estimate 500tmt to 141.5mmt. Exports also reduced 500tmt to 25.5mmt.

  • EU corn imports estimated to tot...

January 30, 2018

Matif continues to sell-off, driven by both the firm Euro and large stocks of old crop EU wheat hanging over the market.

  • Sovecon report Russian wheat exports at a record 3.86mmt for December, further suggesting Jan exports will be circa 3.2mmt. Barring a sharp slowd...

January 30, 2018

Markets close the week lower following the release of somewhat bearish wheat/corn data from USDA.

USDA Summary:

  • US winter wheat plantings placed at 32.61m/a, significantly higher than the average trade estimate of 31.3m/a.

  • US wheat ending stocks increased 790,00...