Filtered by subject: Futures
Global wheat markets have firmed. Domestic consumption is significantly higher since March. Global grain supply is estimated to decline. Fipronil scandal office raids. Monks make beer… in the monastry?
The physical price remains pretty stable day to day, with currency and political developments being the main drivers in longer term, though the actual price level depends on the north-south distance from Hampshire. La Niña is being blamed for the dry conditions in Argentina as well as Brazil’s wet Mato Grosso state, which is delaying its harvest. About half of the UK’s 900 KFC outlets have no chicken. Not so finger likin good!
The lack of price action recently has been so dull, that the grain trade are acting like door-to-door salesmen in their efforts to try to create a market. They say anything is possible in the USA... A microwaved egg has been the subject of an American lawsuit where a customer bit into an egg resulting in burns and hearing loss due to the massive ‘pop’.