The Sterling has been relatively stable; Friday saw the long-anticipated January WASDE report from the USDA; The soya market is still focused on the phase one trade deal which should be signed this week; The demand for soya meal, has led to a small reduction in the price of soya oil; Seventeen-year-old Wolf Cukier made a great first impression on a 5-week internship with NASA;
Filtered by subject: China
Paris wheat futures started the week on a 6 month high; The UK market is still stuck between the bumper crop of 2019 and a potentially smaller 2020 harvest; With reduced pressure on the US markets and the Black Sea now expecting a more buoyant crop in 2020; Currency has remained relatively stable; Expectation that the Phase 1 China/US trade deal will be signed this month;
Currency has firmed in anticipation of a Tory victory in the election this coming week; Better weather in France, has allowed their soft wheat planting to be reported to have improved to 83%; BAGE reported positive progress in the Argentine planting progress; China announced that it will drop tariffs on US soya beans and pork imports; A WW1 German battleship has been discovered off the coast of the Falkland Islands;
Currency has remained remarkedly stable since the Brexit deadline was postponed again; The price of UK wheat remained firm this week; New crop planting is still only 50% complete; French wheat plantings have made little further progress, mirroring the UK; The Russian Agriculture ministry downgraded the 2019 crop to 75 Mln T; The US announced that it would remove harsh import tariffs against many Chinese imports.
Sterling has remained relatively stable; Wheat prices in the UK remain firm; Last week saw a few drier days; Agriculture and farming are taking huge leaps forward using technology to improve the way we work; Uncertainty in the US/China trade deal has again sent the Chinese buyers looking to buy soya beans from Brazil.
The UK market remains focused on new crop drilling concerns that next year there will be a smaller crop; As a result prices have firmed and finished the week at £152/T on the May 19 contract; The weather concerns also continue in the EU; The political focus remains on the Election; The Black sea is experiencing its own weather concerns with temperatures expected to drop sharply.
Quiet week in commodities; Reflective moment following Bexit extension; Poor weather is having effect on drilling; Potential poor yields firms up new crop contract; France and Germany reporting delays in planting; Ukraine exports rise; Weather globally affecting wheat crops, but also assisting soya development in some areas; Lack of trust in China / US trade deal, and Return of Peronist regime in Argentina concerning farmers. 100 drawing in 100 days…
Politics, Brexit, remains the only market driver; Currency is providing big swings on markets day to day; New crops trading at considerable premium; Wheat production for 2019/20 higher year on year; Russia leads wheat export sales ranking; Positive news re China trade deal; Rain inflicted damage on Indian soya production; Is life simply a rat race… for one rat it just might be!
Brexit is driving GBP currency; November wheat futures traded sideways; Barley crop biggest in 30 years; US and European wheat markets remained strong; US has positive feedback on trade negotiations with China; France announced a reduction in its maize forecast; Yield reductions caused a large proportion of the downgradein soya bean production; The Chinese economy is growing more slowly than in recent years; Survival of the fittest or the friendliest? What do you believe? This story is interesting for feeding for health and disease prevention in the future.
51.1kt of feed wheat were purchased in October; The DEFRA figures for the planting survey align with the AHDB at 1.676 million acres and a large 16.9 Mln T crop; China and the United states held vice-ministerial level trade talks last week, giving a small boost to prices; In a Derbyshire Dales field Gavin Munro is growing trees to make furniture.
Production figures are the highest they have been since 2015/16 at 17.8-18.1 Mln T; Brexit news was the key influence in the UK and again gives us a different picture to the global markets; European grain brokers have bought over 1 Mln T of UK wheat so far in the pre November period as UK wheat has maintained a substantial discount to EU price since harvest.
UK Wheat remains steady with inactivity; Majority of trade for winter months; Harvest almost complete; Yields above 5 year average; Sterling gained over the week; Rainfall affecting prices and supply of wheat globally with production down in Australia, Brazil and the Ukraine; China exempts US Soya from tariffs; Soya prices rose over the week; China places US soya bean order; Drone attacks on Saudi Arabian oil facilities affected the sector; Maurice the chicken has stood up for his right to a voice in French courts.
Harvest now 70% complete; Yields 6-8% over the 5 year average; Brexit potential delays extend window of free access to EU; Wheat production estimate increased to 764 Mln T; Russian wheat crop healthy; Weak Sterling due to Brexit uncertainty; Prices driven by exchange rate and political story; China demand for soya predicted to grow and premiums paid remain, and Brazil increase in soya production to meet China demand with US trade war continuing to remain. Scientists have discovered a planet with a dramatic egg-shaped path of orbit. Read more...
Wheat continues to drift downwards, having lost nearly £10 in the last 2 weeks; China added tariffs to $75bn worth on more US origin goods, which caused a flurry of activity in the last half of Friday; AHDB estimated that UK winter barley is 98% complete with production up between 17-20%, rapeseed at 95% complete but with the smallest crop since 2004-05…
Devaluation of GBP continues; Currency having an effect on agri markets; Approx £45 price difference year on year for November futures; Barley market concerns due to no-deal Brexit; US/China trade talks lead to lower US wheat prices; China threat to retaliate against US tariffs; Global wheat futures look good; Ukrainian winter yields high; Soya bean market continues to feel pressure; Potential for UK soya prices to rise; What links farming and vampires? Well hopefully not too much these days…