Mr Putin had a very good week, having realised he needed a bit more time to finish off his 22 export programme his corridor was duly extended for the requisite two months.
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As the season progresses, we are heading into the later sown options!
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Markets found some support in Fridays USDA numbers. At first glance viewed as bearish but – not for the first time – a puzzlingly optimistic estimated corn yield for the US meant that attention soon switched to the rather less rosy US wheat outlook
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Last week’s explosion in Moscow has given good reason for Russia to disrupt new grain vessels from entering the Black Sea to load. Will this create added price volatility?
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An improved weather outlook for the US helped their wheat and corn markets find new lows for the recent sell-off. In fact, US soft red winter wheat for May-July delivery, now finds itself even cheaper than the best Black Sea offers from Ukraine that are currently available.
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What a month April has been, unfortunately it will be remembered for the Weather that has continuously frustrated us!
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The previous Fridays £5 rally was washed out last week and we ended up bumping along the bottom of recent support levels, does the market have the momentum to test below?
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China and Australia are back on positive trading terms once again – leading to a potentially larger EU barley surplus this season.
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A somewhat calmer mood last week as the market waited for the drama of the March USDA report which gives US farmers planting intentions and hence the first real estimate for the size of their 2023 crop
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Check out our monthly newsletter for March 2023!
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A sharp rally on Friday could not prevent the markets having another down week, as sentiment remains pretty negative.
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Check out our latest article about the different types of environmental options!
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Plenty of International activity to note again this week with China buying US corn and Egypt topping up from Ukraine again, this time at sub £200 ex-farm equivalent.
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Please see current maize varieties still available for the 2023 season.
We have a range options still available, from the ultra earlies to the main crop varieties.
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Take a look at our herbage booklet for 2023!
We have the classic barts mixes, from the short term Early Bite & Cut to the longer term Evergreen pasture, and everything in between.
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China again bought optional origin barley, although with ongoing Black Sea activity, exports from France is the most likely supplier.
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With input costs increasing, it is easy to forget about grassland. However, it is a vital crop that still requires management.
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Dry weather concerns should ease this week as Northern Europe receives 50-80 mm of rain for recently drilled spring crops. For an update on markets, including our shipping schedule at Shoreham, please see this week’s Monday Market Briefing.
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Last weekend Churchill Freight, Bartholomews sister company, attended the Pallex annual awards.
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Find out the latest updates from all the Bartholomews departments in our February 2023 company newsletter!
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