Sugar

Sugar prices rose today. The October raw sugar contract surged 4.2% in New York, on its last day of trading, at 12.25 cents a pound in midday deals.

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Palm Kernel

Palm expeller prices spiked overnight in the Origin as Shippers competed for cargo to fill loading vessels.
Prices were paid up to $ 98 FOB, this up from $ 68 in August and only $ 78 little more than a week ago.
Price spike makes little sense as NZ demand is reducing as Summer grass becomes more available.

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You are not alone

If you didn’t see the drop in commodity prices coming.

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Rapeseed Production to Fall

The IGC, in its first comments on EU rapeseed prospects for next year, sees Polish sowing falling. And Ukraine area could slump nearly 40%

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Markets Ease Further

All three grains closed lower Tuesday, along with the stock market and most other commodities, as investors continue to show concern about the larger economic picture. Favourable weather for harvest is also keeping grain prices under pressure.

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Soybean fall after the US ups the condition rating for the domestic crop, while hopes for swift harvesting dent corn. Commerzbank cuts wheat price forecasts, but to levels above the futures curve – and is upbeat on corn

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Sterling to the Rescue

No Chicago trade yesterday due to Labour day, eCBOT is higher this morning but only by $1 to $2 not enough to offset the improvement in Sterling.U.K Rape meal prices are lower as poor off take increases the near term discount.Soya is also lower as sterling improves.

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Rapeseed Meal

Changes for 15/16MY in main Production countries:

European Union DOWN by -972 (-6.76%) thd. mt to 13,398 thd. mt
China DOWN by -530 (-4.60%) thd. mt to 10,975 thd. mt
Canada DOWN by -255 (-6.24%) thd. mt to 3,830 thd. mt
India UP by +59 (+1.61%) thd. mt to 3,719 thd. mt

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Sugar

Just sold French Sugar at £390 delivered

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Early Thoughts

Yesterday afternoon we could take advantage of a drop in Soya meal prices but the window as brief this morning Sterling is weaker against the dollar and eCBOT has reversed much of yesterday’s fall.

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Chiicago Grains Report 1.09.15

Corn and soybeans fell lower Tuesday, pressured by more bearish economic news from China and expectations for large U.S. harvests ahead. December Chicago wheat ended a little higher with help from Tuesday’s lower U.S. dollar index.

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Soya down

Soya falls on more bad news on the Chinese economy

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Oilseeds under pressure

The recent fall in crude oil prices are putting oilseeds under pressure

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Wheat Gluten

Wheat Gluten shipment arrives in southern UK. Depending on how close to the port you are prices range from £146.00/t.

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Rapeseed Meal Prices

Down £8 over the last week.

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Unrest in Brazil

Unrest in Brazil may lead to strikes including ports.

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Ukrainian Rape Harvest

21% less than last season at 1.73 MMT versus 2.2 MMT in 2014.

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Markets continue to Strengthen

All three grains posted double-digit gains Monday with corn contracts showing the biggest percentage jumps. the seven-day forecast expects mostly dry weather across the Corn Belt with hot temperatures in the Southern Plains stressing crops.

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Soya shakes off downward spiral.

After quite a prolonged drifting off in prices the last three Chicago sessions have closed with Soyameal higher. This hardly a trend yet but December corn and November soybeans closed higher Thursday, helped by commercial buyers going after this week’s lower prices and the market’s persistent demand for soy bean meal.

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U.K Prices Ease

Sterling has performed well and with the U.K supply side improving we have seen marked reductions in both Rapemeal & Soyamael

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Wheatfeed nearby weakness pressures forward Markets

Wheatfeed has esaed off a little on the forward market probably as areflection of its’ nearby weakness

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June Closes with a Bang on CBOT.

With an almost $20 increase in Soyameal & 30cents per bushel Corn & 34 cents Wheat yesterday we can safely predict U.K prices will be higher today. Watch our latest prices page as prices update as they come in.All three grains closed sharply higher, ending the month of June on a bullish note after USDA said corn and soybean supplies were less than expected on June 1. Wheat also closed higher in sympathy with row crops, even after USDA said 2014-15 ended with 753 million bushels, more than expected.

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Rain Damages U.S Corn Crop

Hopes for US corn yields this year took a knock after heavy rains prompted a bigger-than-expected drop in the condition rating, with expectations for soybean productivity eroding too.

The US Department of Agriculture overnight, in a weekly crop report, cut by 3 points to 68% its rating of the proportion of domestic corn in “good” or “excellent” condition, reflecting Midwest inundations blamed for everything from preventing fieldwork to encouraging mosquito outbreaks .

The downgrade, which was 1 point larger than investors had expected, expanded the gap between the 2015 crop and last year’s, which was rated at 75% good or excellent in late June, and ended up showing a record yield of 171.0 bushels per acre.

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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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