Please find the Bartholomews June 2023 newsletter.
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For further information, please contact the seed department on 01243 755620
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New crop rapeseed should provide the excitement this week after Fridays bombshell USDA update.
Read MoreExtraordinary scenes in Russia this weekend, but how does it affect the flow of grain from the Black Sea? To find out more, including the last of our #grainmarketing breakfast meetings, see this week’s Monday Market Briefing.
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Scandinavian weather patterns continue to support grain values as dryness affects crop development.
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Friday’s USDA report remained unchanged with high wheat yields expected. Meanwhile, global consumption remains low due to cost-of-living crisis.
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We spent last Tuesday at this year’s Spanish Grain Bourse in Barcelona where we meet with millers and feed compounders to promote UK cereal exports.
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With the last of the spring crops such as maize and fodder beet going into moisture we should be set for the next month or so before we’ll require rain once again.
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Markets tracked sideways to slightly higher last week despite a lack of real bullish news to support them, maybe we have found a solid base at £190 Nov LIFFE for the time being
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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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