Monday Market Briefing - 10th February 2025

Markets continue their long march sideways. This week, we have a WASDE update from the USDA on Tuesday. The February report is not usually noted for its drama, as by this stage most years, we should have a clear picture of the 2024 crop. The potential for weather impacting 2025 prospects remains more about speculation than anything tangible at this stage. Investors are notably long oncorn, presumably in anticipation of problems further down the line, and they will be scrutinising this week’s numbers for any signs of trouble. The twists and turns of the US tariff story will continue, but by the week’s end, it seemed that the worst scenarios for a rapidly escalating trade war had receded.

Market engagement remains strong, with all grades busy again this week. The hand-to-mouth approach of many buyers in feed grains adds to the sense that there is still old crop business to be done. Keep in touch regularly for the best opportunities, as plenty of farm grain is still available, and the best bids don’t tend to last long. Flour millers are currently active in all remaining old crop months, so if you still have quality wheat to sell, now is a good time to give that market some attention.

Have a good week.