We continue to rumble along sideways but with a lot more action going on. Egypt booked a large tender of mostly Russian wheat and China bought US wheat for a second week in a row
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There were some attention grabbing stories around last week, a cargo ship struck a mine near the mouth of the Danube, and also unconfirmed reports of China buying US wheat which would be unexpected if true. In the end the stubborn refusal of markets
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The USDA’s latest pronouncement caught everyone a little off guard late Friday, some chunky changes to their yield estimates
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The relative calmness of markets at the moment, last week was another fairly sideways one, actually assists in getting trade going.
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Some reductions in European crop forecasts helped us to a slightly firmer week but we remain in a pretty tight price range. On Friday the EU confirmed the ‘ban’ on Ukrainian over-land exports into neighbouring Countries
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Markets pottered along sideways again, but with a steady level of engagement from buyers and sellers mostly for nearby positions
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The Black Sea Grain Corridor will be discussed again this week in Sochi to see if the international community can agree to reopen the agreement. For more on #grainmarketing, see this week’s report
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In July we welcomed a maiden voyage a global first of green technical fertiliser from Fertiberia into our Southampton facilities.
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Please find the Bartholomews August 2023 newsletter.
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Markets were better supported last week as enough buying interest emerged to meet the level of farm selling we currently have.
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Harvest in the south of England is nearing completion and the regions dryers continue to run long hours.
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Our comprehensive guide includes a diverse selection of small seed mixes, all of which align with the latest SFI options including the current payments available.
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The French harvest is finished leaving most attention focussed on the quality of what’s coming off the fields in Germany, UK and Scandinavia.
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Finally, we have a dry week in prospect for harvest to get up to full speed. We expect there will have been some damage to crops from last week’s rains so storekeepers have an important job this week segregating the better material for safe keeping
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