Filtered by subject: Drought
Wheat futures firmed during the last two weeks, extending the recovery phase. European markets most have been low on action, but have finished slightly up. The predicted cold weather may be holding back traders, as the effect on wheat production is as yet unknown. An extremely rare fossil of a baby bird which lived 127 million years ago and shared the planet with dinosaurs is helping us understand the evolution of birds.
The UK market seems to be stronger as rumours and currency pushed London wheat to three-month highs. Drought seems to be affecting many areas of the world. The remains of England’s most notorious and richest pirate Captain Black Sam Bellamy may have been discovered on the wreck of his ship the Whydah Gally.
The physical price remains pretty stable day to day, with currency and political developments being the main drivers in longer term, though the actual price level depends on the north-south distance from Hampshire. La Niña is being blamed for the dry conditions in Argentina as well as Brazil’s wet Mato Grosso state, which is delaying its harvest. About half of the UK’s 900 KFC outlets have no chicken. Not so finger likin good!