Nov LIFFE clambered back above the key £260 support level, helped this time by an influential US crop tour which pegged their corn crop some 16 million tonnes lower than the recent USDA estimate,
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With another dry summer, grass swards have been left brown and looking unproductive. Look at the reasons behind overseeding, or a full reseed. Both have their place, and we go through when to use each one.
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Markets were lower all week and even the rally on Friday couldn’t prevent us from seeing a close for Nov LIFFE below the long-term £260 support level.
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European natural gas prices continue to see volatility with prices predicted to be firm into quarter 4 and into the new year.
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With harvest pretty much wrapped up across the south now, the prospect of some rain in the immediate forecast is very welcome indeed
Read MoreDare we talk about grain markets starting to look a bit dull ? Not really at this time of year, but it’s a fact wheat futures are now sideways to unchanged for several weeks, daily volatility aside
Read MoreHarvest in south-east England is about 50% complete and we can say with confidence we have a high quality and plentiful crop to work with this year. The south west is some way behind but expectations are high for good results there too.
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There has been a sharp rise in the gas price in the UK and Europe. The Russian owned Gazprom had declared force majeure on supplies to several European buyers and has closed its main pipeline for maintenance!
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Last week saw very heavy buying from the usual International suspects, China and Egypt both bought multiple French cargoes amongst others, helping to drive our markets higher each day right up to Friday.
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Thinking about growing a companion crop with OSR this year?
Here are a few mixtures that might be useful, and the reasons why it might be beneficial for you!
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Heavy selling on all futures exchanges wiped out the sudden £30 rally and brought us back to the lows of the previous week, this still feels like a floor the market will be reluctant to break through but this next week will test that idea.
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With grassland taking up a significant proportion of UK land, it is an important asset to take care of.
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On Tuesday last week, US markets – which had led the recent sell-off – found themselves below the level they were at before the war started. Perhaps that was the trigger for a rebound, which when it came was violent, letting LIFFE
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The US is closed on Monday for Independence Day; the prospect of the three day weekend was a factor in a sharp sell-off late last week with rain in the forecast to possibly improve crops.
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All markets ended a fair bit lower last week. Analysts talked about the weather - they are paid to seek out context and explanations for these moves
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Sideways again last week and with much reduced daily volatility, the northern hemisphere harvest is starting and we know this will be the key to the next market move.
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To save time, we could just copy-and-paste the briefing note from two weeks ago, there is more new crop activity developing
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Find out what’s happening in the grain markets with our Monday Market Briefing
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Check out our Grass FAQ, with the top answers for the questions you’re asking!
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Join the Bartholomews team and our variety of speakers, as we explore the opportunities in the Crop Nutrition, Grain, and wider agricultural markets.
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