Recent DEFRA data indicates that the 2017 crop was about 350,000t lower than previous estimates. Will we again be a net importer in 2018/19? As Russian wheat exports have grown over the past decade, the importance of US wheat exports has declined. Going the extra mile, and finishing by a country mile - how far do you travel?
London wheat continued to gain despite losses in both the EU and US. Torrential Easter weekend weather was no surprise. China and the US play tit-for-tat with tariffs, dramatically changing the supply network and trade flows. The contents of Heathrow Terminal 1 will be auctioned off in two weeks’ time.
Wheat futures firmed during the last two weeks, extending the recovery phase. European markets most have been low on action, but have finished slightly up. The predicted cold weather may be holding back traders, as the effect on wheat production is as yet unknown. An extremely rare fossil of a baby bird which lived 127 million years ago and shared the planet with dinosaurs is helping us understand the evolution of birds.
The UK market seems to be stronger as rumours and currency pushed London wheat to three-month highs. Drought seems to be affecting many areas of the world. The remains of England’s most notorious and richest pirate Captain Black Sam Bellamy may have been discovered on the wreck of his ship the Whydah Gally.
Respiratory health is key for healthy birds. Poultry are vaccinated for the main pathogens that affect respiratory health, and many of the remaining diseases are viral and therefore unaffected by antibiotics. The best way to maintain good respiratory health for your birds is by optimising their air quality.
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!