The Sterling has been relatively stable; Friday saw the long-anticipated January WASDE report from the USDA; The soya market is still focused on the phase one trade deal which should be signed this week; The demand for soya meal, has led to a small reduction in the price of soya oil; Seventeen-year-old Wolf Cukier made a great first impression on a 5-week internship with NASA;
Filtered by subject: Tariffs
Paris wheat futures started the week on a 6 month high; The UK market is still stuck between the bumper crop of 2019 and a potentially smaller 2020 harvest; With reduced pressure on the US markets and the Black Sea now expecting a more buoyant crop in 2020; Currency has remained relatively stable; Expectation that the Phase 1 China/US trade deal will be signed this month;
Currency has firmed in anticipation of a Tory victory in the election this coming week; Better weather in France, has allowed their soft wheat planting to be reported to have improved to 83%; BAGE reported positive progress in the Argentine planting progress; China announced that it will drop tariffs on US soya beans and pork imports; A WW1 German battleship has been discovered off the coast of the Falkland Islands;
Wheat continues to drift downwards, having lost nearly £10 in the last 2 weeks; China added tariffs to $75bn worth on more US origin goods, which caused a flurry of activity in the last half of Friday; AHDB estimated that UK winter barley is 98% complete with production up between 17-20%, rapeseed at 95% complete but with the smallest crop since 2004-05…
Devaluation of GBP continues; Currency having an effect on agri markets; Approx £45 price difference year on year for November futures; Barley market concerns due to no-deal Brexit; US/China trade talks lead to lower US wheat prices; China threat to retaliate against US tariffs; Global wheat futures look good; Ukrainian winter yields high; Soya bean market continues to feel pressure; Potential for UK soya prices to rise; What links farming and vampires? Well hopefully not too much these days…
Brexit plays politics with UK markets; US weather remains a big focus with heavy rains predicted; No end in sight for US/China trade deals; US farmer confidence low; Russian story is looking bright; EU crop remains promising with good balance of rain and sunshine; Soya bean market dropping fast; China reducing demand for soya; Ancient Bronze age birdman discovered in 5000 year old grave.
USDA report looked over the markets; Very little trade volumes over week; USDA report had no impact on climate or volumes; US and China trade talks failed to bring results; Maize and wheat prices fell; Soya bean prices low due to tariffs imposed on China by USA; African Swine fever described as game changer by USDA; Dead as a dodo... not any longer... the rail has come back from the dead.
Currency remains range bound; UK, Europe and US markets trend downwards; French production forecast down; US China lack of deal pushes markets lower; The lack of trade deal also puts pressure on soya prices; Exports to China pushed figures a little higher; Insect control can become hot topic in warmer months. You might want to consider playing some particular music?!