Last week we attended the National Egg & Poultry Awards ceremony in London, where we had been shortlisted for the Pullet Rearer of the Year award. This was the third time in a row, that we had been shortlisted for the award, having won it in 2020 and 2019.
There has been a surprise jump in the £/$ rate this week. November wheat futures almost impossible to secure. The long-term view for wheat is bullish. North of England millers are importing German milling wheat. The market is reaching that limit now where it will begin to impact demand. Maize price is falling. Soya prices have continued to trend downwards. Rise in Chinese buying. Organic grain markets continue to push higher. Protein favouring India over China. New images surface of exotic shipments from across the world which arrived in London during the 1920’s and 1930’s.
Currency has stayed unchanged week on week. The £ will continue to look very range bound. Wheat prices continue their upward trend. South American crop appears to be going well with volumes but not quality. Beneficial for our UK feed wheat prices. The final UK crop data will be released in December. Soya dropped heavily pre WASDE report with profit. UK soya price hovering around the mid £350’s for the winter. Organic markets continue to find support from the ever worsening freight situaiton. Grain prices have moved up. Protein is switching from favouring China to India. There is no foot too small that it cannot leave an imprint in this world.
Currency has been slightly better for the £. Small gains against the $ and €. Wheat continued to rally following the USDA report. UK wheat is currently the cheapest option for both Spain and Ireland. Maize is seeing plenty of harvest pressure with the US. Soya has continued to trend lower on Chicago. UK shippers are eagerly waiting the arrived of their Nov new crop vessels. The organic markets continue to move up at alarming rate. ‘Pooh Sticks’ bridge made famous by children’s books is bought for £131,000.
The £ has continued to lose value against the $ and €. We have lost value due to panic buying fuel. Wheat has ended up being all about the USDA report. UK wheat is competitive into homes such as Ireland and Spain. Soya has had a more optimistic report. Soya oil has rallied with the increased demand for renewable fuels. The organic markets for the coming winter continue to move at an alarming rate. Proteins remain the biggest area of concern.
Currency has had a bumpy week. £ losing value against $ and €. Wheat has continued to be volatile. Australia report they will harvest a record crop. Barley has moved to parity to wheat. Soya have bucked the trend moving down on Chicago. The organic markets for the winter continue to move at an alarming rate. Proteins remain the biggest area of concern. Daniel Craig was given the same honouree title as James Bond ahead of the film launch.
We are delighted to appear in the September 2021 edition of the RANGER magazine, in an article titled, The Economics of Egg Size.
Currency has improved with a good week for the £. There will be uncertainty with the furlough scheme ending. The wheat market has rallied, triggering a wave of buying. UK wheat harvest is done and indicated we have reached near 15 MIn T. Prices will remain difficult to predict. Barley has begun to fall out of favour. Soya had a mixed USDA report. The report triggered a wave of fund buying. The organic markets for the coming winter continue to move at an alarming rate. Falling cat caught at NFL game by spectators in an American flag.
Currency continues to be very flat. Analysts sounding less confident. Wheat continues to look volatile. A definite downward trend with US markets. UK wheat prices are competitive for export. The soya downward trend has turned with a mixed bag of ratings. Argentinian farmers looking to plant more corn over soya next season. The organic market continues to move upwards at an alarming rate. 9/11 Anniversary Ceremony to go ahead on a scaled down version.
Currency is becoming a repetitive subject with continuing 2 point range bound moves against the € and the $. Analysts sounding less optimistic. Wheat continues to look volatile due to quality uncertainty. No slowing down for the current upward trend. Wheat premiums are pulling higher in the UK. Soya prices have dropped due to the impact from Hurricane Ida. The next key driver for prices will be down to Chinese buying. Strangers send boy postcards from his lost teddy about his travels around the world to reassure him he is safe.
GBP lost group against US$ and Euro. Long term positive outlook. Strong economic signs from US. Wheat extremely volatile due to quality uncertainty. No support for true trends or patterns making buying difficult. Lower tonnages expected generally with 80% of still left to harvest in UK. Soya climbing upwards, with weather and quality impacting prices. China have re-entered the market. Olympian funds toddlers heart operation in a show of great kindness.