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Chwiliwch drwy ein llyfrgell o erthyglau, adroddiadau ar nwyddau, e-lyfrau a fideos am gyngor ar sut i sicrhau bod eich haid yn perfformio ar ei orau drwy gydol y flwyddyn.
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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.
The USDA report out this week could have caused some market excitement but was little changed from the previous report; The UK crop is still behind on planting as the wet weather is giving little chance to catch up; Unfortunately for the UK the unknowns of our politics/currency and Brexit are currently enough to mean we are not seeing much benefit from this.
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…
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…
A `no deal’ seems to be ever more likely, which could push sterling even weak against both the Euro and Dollar. The idea that the pound could fall to Parity is now starting to be more real despite a little bounce in values last week, and if you are buying your Euros privately to go abroad, it is already under parity!
The most recent monthly USDA report was an important point…
Brexit plays politics with UK markets; US weather remains a big focus with heavy rains predicted; No end in sight for US/China trade deals; US farmer confidence low; Russian story is looking bright; EU crop remains promising with good balance of rain and sunshine; Soya bean market dropping fast; China reducing demand for soya; Ancient Bronze age birdman discovered in 5000 year old grave.
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?
Defra and the trade are now in agreement that UK wheat supply and demand are in relative balance assuming both exports and imports also remain in balance. At the Jack Daniels distillery at Lynchburg, Tennessee they have a unique way of celebrating Christmas – they build the Jack Daniels Christmas Barrel Tree. Merry Christmas!
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