After a bumpy week we ended higher on Friday, a welcome correction upwards, apparently driven as much as anything by dry weather in the US and Europe.
Read MoreMarkets last week were strangely quiet and subdued despite being packed with news and drama and we ended up broadly unchanged.
Read MoreToday ( Monday ) we finally see the keenly awaited USDA plantings report , and with it the first proper indication of the potential size of Americas 2025 grain harvest.
Read MorePrices are still drifting quietly lower but the market is really in a wait and see moment as two key dates loom at the end of this month.
Read MoreAs expected, markets did manage to halt the slide last week, posting largely unchanged numbers, but the escalating tensions around Trumps tariffs remain a threat to both old and new crop values.
Read MoreMarkets had such downside momentum last week they were able to trade £3 lower across the board despite a heavy slump in Sterling which in more normal times would have put £6/mt back into our export values.
Read MoreAll markets remain under pressure for another week. With very favourable weather forecasts everywhere for early March there’s apparently nothing to stop farmers fulfilling their declared planting intentions for spring cropping in the US and Europe.
Read MoreHome markets are seeing renewed pressure on old crop wheat prices, for all the reasons we’ve discussed in recent weeks.
Read MoreWheat found some support in the US on Friday, partly helped by some dollar weakness but also due to drought concerns for both winter and spring crops over there.
Read MoreMarkets continue their long march sideways. This week, we have a WASDE update from the USDA on Tuesday.
Read MoreTargeted import tariffs on some goods imported into the US will become a reality on Tuesday with Mexico, China and Canada vowing retaliatory actions of their own.
Read MoreAnother flat, directionless week on price was accompanied again by good volumes changing hands as post-Christmas engagement with markets continues.
Read MoreA modest Friday rally brought us back to just shy of unchanged on what was a wobbly week all told. US markets are preoccupied with the new president's inauguration this week, and what that might mean for agri-tariffs with China.
Read MoreJan -March looks set to be a busy movement period for home markets, it must be said some of this is clearing a widespread national backlog of earlier purchases, meaning some spot markets are limited for space but this should ease as we move towards the spring months.
Read MoreOur markets enjoyed a positive December, meaning we come back in the New Year with values a bit higher than before Christmas and as good as anything we’ve seen since early autumn.
Read MoreLast week’s WADSE report raised a few eyebrows with corn firmly in the headlights. Last February USDA estimates showed the 2024/25 US corn ending stocks surging 17% on the year to a multi-decade high of 2.532 billion bushels, fast forward to the most recent report and end stocks are down to 1.738 billion bushels.
Read MoreStay updated on grain markets as 2025 approaches, with insights on contract management, Euro weakness, and global wheat dynamics. Discover the impact of Russia's export duties, Bulgaria's exceptional wheat crop, and market trends shaping the season.
Read MoreThere is an old market adage in the grain trade that “if the bears have Thanksgiving, the bulls will have Christmas.” The first part of this saying definitely rings true with US markets near 4-year lows and London May 25 futures now offered sub the markets lows of last June.
Read MoreUK wheat markets face pressure from export surpluses, while EU oilseed rape prices surge on global vegetable oil demand and Sterling devaluation.
Read MoreUK wheat futures dipped mid-week on improved Crop 25 prospects and increased plantings but rebounded slightly, with global political news providing only brief market support.
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