ADM Eirth July close down

ADM’s mill in Erith will be closed for annual maintenance between the 6th and the 20th July.

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Summer time . . .

US soybeans closed sharply higher again yesterday after another round of short-covering by funds, sparked by increasing concerns about planting delays in the US Midwest.

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Wet Weather Drives U.S Ag Markets Higher

Moderate to heavy rain working from eastern Texas through the Ohio Valley are expected to continue at least until Friday, hurting winter wheat harvest and taking corn and soy bean acres out of production.

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U.K Prices

UK Rape meal remains extremely tight & Soya has benefited from weakness in the dollar and has eased a pound or two. Most other commodities are unchanged on the lists but may be biddable.

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Rapemeal Takes a Giant Leap

U.K Rape meal is up a hefty £8.00 per tonne on the old crop positions today.

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Rape Meal Counter to Soya Meal

Early indications suggest that May/July Rape meal is up by £3.00 with August/April 2016 down £1.00. It appears that there is ongoing nearby demand with little cover taken and seed is getting harder to come by. Soya meal is easier by £2.00 on average.

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Higher U.K Prices

U.K sees both Rape meal and Soya higher following the fall our off against the dollar and despite a slight fall in the Chicago Market.

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Sterling Slips

The U.K currency has fallen back against the dollar and the Euro during the course of the day. With U.K entering deflation there is little or no chance of an interest rate rise. This invalidates all the prices will review tomorrow.

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Rape meal Gets in on the Act

U.K Rape meal £2.00 higher in all positions today.

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Nearby Soya Prices Soar

Nearby positions & spot premiums have soared today for Soya meal in the U.K. There maybe problems in the supply pipeline. Prices up £7.00 per tonne in places.

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Soya is it Time to buy?

Spot premiums are eroding on Soya helped by a strong pound this could be the time for some cover.

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Soya down £10 in some positions

Soya prices have plummeted overnight.

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Malt Residule Pellets

We have a few loads to clear – call for a competitive price.

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Soya Prices Lower

The price of Soya is lower today on the back of higher ending stocks in the US.

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Forward and Spot Rape

A lot of farm interest in forward and spot Rape today.

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UK Soya Trade Active

Yesterday afternoon 3,500 tonnes of June – April Hi Pro was bought by UK traders in the southern half of the country.

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Wheatfeed Prices ? ? ?

Despite grain prices being low wheatfeed prices are still a premium.

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Unbridled Joy.

All three grains closed lower Thursday with scattered showers throughout the western Plains and more in the five-day forecast for much of the central U.S. Thursday will conclude the three-day Kansas Wheat Tour with better yields being seen on the eastern side of the state. Did we mention joy total complete and relief, OMG it is unbelievable but the Tories won ! Did not see that one coming if you have been relying for your news on the BBC.

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First Up

The July contract for all three wheats posted new contract lows Monday, pressured by beneficial rains over the worst drought areas of the southwestern Plains. July corn was also lower with expectations for better planting weather this week while soybeans hung on to a modest gain.An improvement in Sterling my induce some lower pricing in the U.K today?

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UK Today

Soyameal in the U.K is unchanged on nearby positions and £3.00 lower further forward. Rapemeal is a little lower in some areas but broadly unchanged.

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Rapemeal continues to firm

Rapemeal in the UK has edged up a further pound today.

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Rain in the U.S Eases Prices

Rain in the forecast for the southwestern Plains kept bearish pressure on wheat prices for a third consecutive day, taking the K.C. and Minneapolis contracts to new contract lows. Soybeans and corn closed higher with help from a larger-than-expected crush total for March and an unexpected rebound in crude oil prices.

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Market Report

May corn and wheat closed sharply lower Tuesday after USDA estimated more corn acres and stocks than expected. May soybeans were able to finish higher with help from a lower-than-expected planting estimate of 84.6 million acres and slightly less stocks than expected. UK Rape meal prices are a little firmer today. Spot Hi Pro Soya is also tighter and has increased in premium above later positions.

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Start The Week

May Chicago Soya meal closed a couple of bucks higher on Friday and is off to a positive start today. Despite this rise the prices are still lower than this time last week. However this masks the strength of the US dollar against the Euro & Sterling. The US currencies strong performance is normally offset by a fall in dollar based commodities to compensate we have not seen this and so their may be more bullish sentiment than appears. UK Rapemeal prices are unchanged to lower in places and broadly all other commodities are unchanged on the week. in the UK. Quality issues have led to a shortage of Organic Sunflower.

March:May Chicago soyameal closed a couple of buks higher on Friday and is off to a positive start today. Despite this rise the prices are still lower than this time last week. However this masks the strength of the US dollar against the Euro & Sterling. The US currencies strong performance is normally oofset by a fall in dollar based commodities to compensate we have not seen this and so their may be more bullish sentiment than appears. UK Rapemeal prices are unchanged to lower in places and broadly all other commodities are unchanged on the week in the UK. Quality issues have led to a shortage of Organic Sunflower.

May Chicago soyameal closed a couple of buks higher on Friday and is off to a positive start today. Despite this rise the prices are still lower than this time last week. However this masks the strength of the US dollar against the Euro & Sterling. The US currencies strong performance is normally oofset by a fall in dollar based commodities to compensate we have not seen this and so their may be more bullish sentiment than appears. UK Rapemeal prices are unchanged to lower in places and broadly all other commodities are unchanged on the week in the UK. Quality issues have led to a shortage of Organic Sunflower.

May Chicago soyameal closed a couple of buks higher on Friday and is off to a positive start today. Despite this rise the prices are still lower than this time last week. However this masks the strength of the US dollar against the Euro & Sterling. The US currencies strong performance is normally oofset by a fall in dollar based commodities to compensate we have not seen this and so their may be more bullish sentiment than appears. UK Rapemeal prices are unchanged to lower in places and broadly all other commodities are unchanged on the week in the UK. Quality issues have led to a shortage of Organic Sunflower.

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Rapemeal Trading on Forward Markets

August to April 2016 Rapemeal trading onto farm in South East England at circa £185.00.

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Markets

May Chicago wheat posted a new contract low Thursday, pressured by another week of disappointing exports and rising U.S. dollar. Soybeans were lower for a fourth consecutive day as Brazil’s harvest advances and corn ended a little higher, helped by bullish export news. e CBOT up 40 cents to a dollar so far today.

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Rampant Dollar Reduces the Drop in UK Soya Prices

All three grains closed lower Wednesday as the market’s focus turned back to favorable growing conditions in South America and the anticipation of large row crop harvests ahead. Wheat prices closed lower after a mix of snow and rain helped moisture levels across the southern U.S.Sterling is holding it’s ground against the Euro, but is weaker compared to the U.S Dollar and this reduces the effect of the fall in Chicago.

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Brazilia Truckers Strike Latest

Spot and nearby premiums for Soyameal in the UK is easing due partly to more of Brazil’s roads beinge open again the governent is meeting with leading striking truckers.

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We are Expecting Firmer Prices Today.

We are expecting higher levels today as we update the board, sterling is weaker and chicagos was very strong. Corn and soybeans closed higher Thursday with help from USDA’s early planting estimates of 89.0 million acres for corn and 83.5 million acres for soybeans. Most wheat prices ignored Thursday’s bitter cold temperatures and closed lower on the day.

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Soyabeans back above $10.00. Prices Higher in UK Today.

March soybeans closed back above $10 for the first time in over a month, helped by commercial buying in meal after NOPA’s less-than-expected report of soybean crush for January. Corn and wheat prices ended modestly higher with reports of continued fighting in Ukraine keeping potential sellers cautious.

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CBOT 12th February

March soybeans closed higher, helped by commercial buying and another week of bullish export sales data from USDA. Corn and wheat prices closed lower on light volume after a ceasefire agreement was reached between Ukraine and Russia that is supposed to begin on Sunday, Feb. 15.

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Chicago Close

Corn and wheat closed higher Friday and for the week with strengthening basis for both pointing to steady improvement in demand for cash grains. March soybeans ended the day lower under ongoing bearish pressure from expectations for a record South American harvest.

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It is Monday Again !

Chicago Soya meal & Grains in general gave back most of the gains made on Tuesday. UK Rape meal already in £1 lower. We are expecting UK Soy meal to be lower as prices come in too. The weather forecast for rain in Brazil’s key crop areas is keeping bearish pressure on row-crop prices.

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South America Looking Good.

The news from South America is once again supportive for crop development, with Argentina continuing to look favourable.

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EU QE Rocks Sterlings Boat.

The U.S. dollar responded to the European Central Bank’s move to Quantitative Easing by storming higher Thursday. This put pressure on most commodities, including grains.

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Soya is firmer on nearby Positions only

Wednesday saw low trading volume in grains, even after USDA said China bought back the soybeans they had cancelled on Tuesday. Soybeans were a little higher while traders wait to see if adequate rains will materialize in central Brazil later this week.

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Chicago Markets Reopen No Big Movements

March soybeans closed lower Tuesday after USDA reported China cancelled another sale, this time for 6.4 million bushels of soybeans. Corn and wheat started the day lower, but finished higher with light volume revealing a lack of motivated selling interest at these lower prices.

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People are taking limited forward cover

Prices are easier again today for Soyameal & Rapemeal other commodities are unchanged and cereal based straights are a tad firmer. We are actively trading into 2016

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UK Prices Lower

We are seeing £5 to £7.00 per tonne falls on UK Soya meal today. Rape meal also easier by £1 or so.

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Chicago Falls

March corn fell to its lowest close in five weeks, worn down by generally favorable growing conditions in South America and coming just one day after USDA made bullish changes to its corn estimates. Soybeans also finished lower with March meal dropping to its lowest close in eleven weeks.

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China Buys DDG.

Buying by China of US Maize Distillers Grains has put the price up £10 in the UK and had a knock on effect on Maize Gluten & Rape meal.Soya meal eased in Chicago yesterday but Soybeans still managed to end positively.

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Mixed Markets

U.K Soya meal prices are lower by £6.00 per tonne, however Maize Gluten, Wheat Distillers & Corn Distillers are firmer by £5.00 per tonne, Rape meal is also a £1 firmer despite the fall in Soya.

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DEMAND KICKS IN

December demand has kicked in today with, ADM Erith having withdrawn their price for December 2014 Rapemeal. Resellers are still offering the position at a £3 premium over Jan-Apr The Wheatfeed market is tightening swiftly trading at £120 Ex mill Southern England that is about £130.00 onto farm.

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A Quiet Balck Friday for Grain Trading

There was no Chicago Trade yesterday due to Thanksgiving. Sterling has slipped back a little overnight against the dollar but it is the Euro that is weak. Paris Wheat is up by E1.50 London Wheat mainly unchanged to £0.30 higher on what is likely to be a very quiet day.

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Market Round-up

Corn and wheat prices closed higher on a quiet day of pre-holiday trading, helped by a lack of farmer selling and concern about the effects of cold temperatures on Russia’s winter wheat. Soybean prices finished lower with chances for rain expected to help crops in central Brazil over the next 10 days. U.K Rapemeal settled back a couple of pounds today. U.S Markets are closed today for Thanksgiving.

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Planting intentions UK

Wheat and oilseeds area for harvest 2015 down in favour of barley and pulses – An HGCA survey reveals farmers’ planting intentions for 2015

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Birdflu Outbreak

As well as the outbreak at the Duck breeding farm in Driffield Yorkshire, Dutch authorities have reported an outbreak of H5N8 birdflu in central Holland & will destroy 150,000 birds to contain the outbreak. One to watch!

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Market Comments

December corn and wheat closed higher Monday after USDA reduced the U.S. corn crop estimate to 14.41 billion bushels and the estimate of U.S. ending wheat stocks to 644 million bushels. Soybeans finished the day lower with disappointment that USDA’s increased estimates of crush and export demand were not large as hoped. UK Rapemeal has also fallen by £2 per tonne in sympathy.

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CBOT Friday 7th

January soybeans closed higher Friday with ongoing support from commercials returning in the latter half of the week. Corn and wheat finished lower, bracing for USDA’s next round of estimates in Monday’s WASDE report.

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World Food price Fall.

December corn was 1 cent lower, January soybeans 5 cents lower, and December Chicago wheat 2 cents lower. In earlt trading today a small event in an overall larger picture.World food prices tracked by the United Nations fell for a seventh month in October, the longest slide since 2009, as the cost of dairy and meat fell amid an outlook for rising production.

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Has This Bevome a Bull Market ?

December corn posted its highest close in seven weeks, November soybeans and December Chicago wheat had their highest closes in six weeks, as grains continued to shake off the bearishness of record harvest expectations. Thursday’s trading also saw commercial buying in soybeans after USDA’s weekly report of export sales provided more bullish evidence for 2014-15.

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Wheat continues up Soya & Corn Retreat.

December Chicago wheat posted its highest close in six weeks Wednesday, some 56 cents above its low of late-September as prices continue to correct back from September’s selling. Corn and soybeans finished modestly lower, showing hesitation at their recent highs with mostly favorable harvest weather ahead.

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Chicago Rallies on Delayed Harvesting.

All three grains closed higher Tuesday with short-covering triggered after USDA reported slower-than-average harvest progress for corn and beans late Monday. December soybean meal posted its highest close in six weeks after China’s GDP report turned out better-than-expected for the third quarter.

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Monday 20th October CBOT in Brief

December corn ended slightly higher, soybeans and wheat lower on a quiet day of trading. Pleasant harvest weather over the weekend and more expected this week is keeping a bearish tone on grain prices.

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Sterling Drops Beneath $1.60

This obviously has the effect of increasing import prices but will also help UK Grain exports.

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Crude Oil Effects Our Markets

Crude Oil prices continue to fall now just above $90 a barrel, this is due to softening demand from China. Just like 2007/8 as traders ran to commodities during the financial crisis this impacts on agri commodities through reducing input costs but also through the falling ethanol and biodiesel prices.

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Sugar Beet Offer Closes

Trident are to close their first offer for this years home produced sugarbeet on Friday 26th September.

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Rapemeal Down

Rapemeal down £6.00 per tonne at Erith Mill serving Southern England all positions.

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Wheat Falls to Further Lows

Wheat fell to a four-year low, extending a weekly slump, after demand for U.S. shipments dropped as global production headed for a record. Soybeans were poised for the longest run of weekly losses since June 2010.

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London Wheat has an up Day.

London Wheat closed up between £1.15 to £4.50 for Nov 16. A Strong performance as Sterling was stromg too.

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US Trading Limited.

Wednesday’s trading in grains was marked by narrow ranges and low volume with corn, soybean, and wheat prices staying close to their contract lows. At 1 p.m., the U.S. dollar index traded higher after the Federal Reserve kept its outlook for interest rates essentially unchanged from a month ago.

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Sterling holds her Nerve.

Sterling steadying ahead of Scots referendum. £/$ 1.6329 . Lets hope it is not in free fall by Friday!

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Early US trading 15.09.14

Corn is lower ; soybeans are lower; wheat is lower.

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Grains close out the Week down.

December corn and wheat futures set new contract lows Friday, weighed down by Thursday’s bearish estimates from USDA. November soybeans gained a few cents on the day, thanks to noncommercial buying, but are still not far away from their lows for the year.

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Rapemeal Northern England

It might be possible to near or break £180.00 onto farm
in Nth Eng near the ports for Rapemeal today.

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USDA Sell Off

When all was said and done, the sell-off in grains It It could have been far worse following the release of USDA’s September Crop Production and Supply and Demand reports.

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Poor Quality Hampers French Wheat Exports

French wheat export expectations to non EU countries have fallen by over a third as France struggles to compete against the competition,and face issues from a low quality harvest.

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Light Trading ahead of USDA WASDE numbers

New-crop corn and soybeans closed a little higher on light volume with nervousness ahead of Thursday’s WASDE report. December Chicago wheat fell to a new contract low with rain in the forecast for the southwestern Plains and reports that Russian troops were leaving Ukraine.

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Grains Weaken Further.

The prospect of a record US corn crop and talk of a ceasefire in Ukraine have caused markets to ease.

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EU down UK US Up!

As sterling falls so London Wheat as risen but EU grains have staeted the week lower. US Grains have continued Friday’s rally into the new week.

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Wheat Continues to Slide Worldwide

Wheat is easing again today. £1 to £1.75 down in London. A Euro down on nearby positions in Paris and two to three point two cents per bushel down on the e CBOT (Chicago)

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Weather is all relative!

While I am finding it pleasantly warm the Italians are complaining about the coldest Europe wide Summer for Decades. Global warming ?

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Ukraine Crisis Impacting Crops!

The Ukrainian government has claimed that fighting has had a massive impact on grain production in the Black Sea state, a major wheat producer and exporter.

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Crimped Maize

We have crimped maize available.

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Opinions Divided at Straights Direct

I think that prices are edging away and we have had the low. Others in the office think things will turn bearish again. The prospect of an interest rate rise look more remote again so Sterling may well continue to drift, and we now know how good all the harvests have been. So any negative news will feed the Bulls. Simon is a natural Bear and beleives that fundamentals are weeak and that weather patterns remain benign thus producing more good crops in the next six months.

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Sterling Wobbles

Sterling is has taken a hit this morning after poorer-than-expected inflation numbers just released (1.6% annually.)

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Hotting up in the Ukraine

Chicago Soya sharply up.

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UK Rapeseed Meal

Up £3/t across the board.

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European Wheat Production.

EU-28: 2014/15 wheat production forecast revised up further to 144.1 million tonnes.

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USDA Ending stocks

World ending stocks

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Record world wheat crop

USDA have raised their forecast for the world 2014/15 wheat crop by almost 11 MMT to a record 716 MMT

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World supply and demand report.

Tomorrow the USDA issue their latest world supply and demand report.

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Ukraine – imminent Crimean-style “peacekeeping” invasion?

The Yanks love a bit of drama, the US markets are sharply up. European markets are down a tad.

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Fears of Disrution in the Black Sea

Speculators reduced thier bearish positions for wheat for the first time since June as mounting concern that Black Sea supply will be disrupted boosted prices to a one-month high.

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US – Soya, Wheat and Corn all down

Falls all round ahead of the upcoming USDA report with record crop sizes expected.

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Russia’s Food Import Ban.

Russia’s ban on food imports from the likes of the European Union and the US may lift domestic prices, but could raise food inventories in exporting countries

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Water Companies Oppose Fracking

Water companies have issued stark warnings over the government’s plans to allow shale gas exploration across half of the UK mainland.

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Milk Price Drops

First Milk drops its farmgate prices as volatility takes its toll
Ongoing volatility in the dairy market has led First Milk to cut its manufacturing and liquid pools from September 1.

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Chicago Bounces Back

Chicago Markets pushed higher by continued concerns over Russia and lingering US weather doubts.

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Protein market down

Soya has dropped £10 in the last week.
Rape has dropped £5

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Perfect growing conditions for US Soya & Corn crops

The forecast for the next ten days across the Midwest is for cooler and wetter than usual weather. Just what is needed during pod setting over the next week or so.

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EU Rape

EU Rape prices slide, following Soya.

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Soya Falls.

Soybeans fell, after the biggest advance in a week, on speculation that rains forecast for the U.S. Midwest will ease the dry weather threatening to reduce yields in the world’s top grower.

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Chicago Soya Meal

The wait for a weather market continues – Up $5 at close yesterday, down again this morning.

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EU Wheat under pressure

Rain across France has resulted in a much larger proportion than usual only making feed grade.

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Soya down

Rain forecasts across the US Midwest combined with heavy fund selling led to the Soya market closing lower on Friday night.

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EU grain prices at 4-year lows

With EU grain prices at 4-year lows we’re importing cheap Ukrainian corn into Europe. Brussels yesterday confirmed that they’d issued 336,625 MT worth of corn import licences this past week alone, along with approving 191,600 MT worth of Ukraine wheat imports.

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Feed Barley

We have a few loads of Feed barley for immediate movement available at a ridiculously low price.

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Soya Hulls

Good supply is putting the price of Soya Hulls under pressure.

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Weather Provides Bullish Upturn

Yesterday saw Chicago close unanimously in the green across all soy complex positions, providing the stimulus to lift bean prices from their 45 month lows, which inevitably pulled meal and oil higher with them, as concerns started to grow yesterday towards adverse weather across the growing area in the coming weeks. The rally was centred around predictions of drier conditions over the next 2 weeks across the southern Mid-West, which will increase the chances of stress on the crop. However, with the crop currently rated as 73% Good to Excellent, at least there is some room for manoeuvre should crop condition be affected. It is also possible that this news was suitable impetus to bring some level of correction to what would appear an oversold market.

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