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Chwiliwch drwy ein llyfrgell o erthyglau, adroddiadau ar nwyddau, e-lyfrau a fideos am gyngor ar sut i sicrhau bod eich haid yn perfformio ar ei orau drwy gydol y flwyddyn.
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The £ has lifted back up to 1.31 against the $ for the first time in months. The US economy shrank by 32.9% in Q2 of this year, the largest contraction on record. US wheat prices have remained largely unchanged week on week. Spot premiums in the UK are beginning to erode now that harvest is underway. Soya is still finding support from continued Chinese buying. The crop ratings now stand at 72% good/excellent.
The £ has now moved past its 30 day moving average against the $. The $ hit a two year low this week. US wheat prices have held firm this week with the weakness in the $ making it look good value to outside buyers. Chinese stocks are now at their highest since November 2018 so how much more buying will need to be done is now in question.
The £ is down against the dollar week on week but up from the lows following yet more COVID infection data from the US. US wheat prices rallied this week on the back of buying interest from China. The market appears focussed on the weather story at the moment. Like most commodities, soya has also been fairly range bound this week.
Currency main driver affecting domestic feed prices. £ has found some limited strength. US covid-19 record high. Brexit deal possible. Wheat harvest prices at a premium. Barley prices are around £40 discount to wheat. Global over supply of maize. Soya prices falling back. Global bean exports down. South American demand to process soya up. Exotic frog travels 5000 miles.
The big driver is currency. A lack of confidence in the Chancellor’s financial measures is reflected in traders behaviour. Prices have rocketed across the board with wheat, soya, sunflower, wheatfeed, vitamins all increasing. This is going to impact feed prices in the coming months. In parallel, egg prices are also firming up. A responsible approach by all will be essential.
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;
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;
Currency has remained remarkedly stable since the Brexit deadline was postponed again; The price of UK wheat remained firm this week; New crop planting is still only 50% complete; French wheat plantings have made little further progress, mirroring the UK; The Russian Agriculture ministry downgraded the 2019 crop to 75 Mln T; The US announced that it would remove harsh import tariffs against many Chinese imports.
Sterling has remained relatively stable; Wheat prices in the UK remain firm; Last week saw a few drier days; Agriculture and farming are taking huge leaps forward using technology to improve the way we work; Uncertainty in the US/China trade deal has again sent the Chinese buyers looking to buy soya beans from Brazil.
The UK market remains focused on new crop drilling concerns that next year there will be a smaller crop; As a result prices have firmed and finished the week at £152/T on the May 19 contract; The weather concerns also continue in the EU; The political focus remains on the Election; The Black sea is experiencing its own weather concerns with temperatures expected to drop sharply.
The USDA report out this week could have caused some market excitement but was little changed from the previous report; The UK crop is still behind on planting as the wet weather is giving little chance to catch up; Unfortunately for the UK the unknowns of our politics/currency and Brexit are currently enough to mean we are not seeing much benefit from this.
Quiet week in commodities; Reflective moment following Bexit extension; Poor weather is having effect on drilling; Potential poor yields firms up new crop contract; France and Germany reporting delays in planting; Ukraine exports rise; Weather globally affecting wheat crops, but also assisting soya development in some areas; Lack of trust in China / US trade deal, and Return of Peronist regime in Argentina concerning farmers. 100 drawing in 100 days…
Politics, Brexit, remains the only market driver; Currency is providing big swings on markets day to day; New crops trading at considerable premium; Wheat production for 2019/20 higher year on year; Russia leads wheat export sales ranking; Positive news re China trade deal; Rain inflicted damage on Indian soya production; Is life simply a rat race… for one rat it just might be!
Brexit is driving GBP currency; November wheat futures traded sideways; Barley crop biggest in 30 years; US and European wheat markets remained strong; US has positive feedback on trade negotiations with China; France announced a reduction in its maize forecast; Yield reductions caused a large proportion of the downgradein soya bean production; The Chinese economy is growing more slowly than in recent years; Survival of the fittest or the friendliest? What do you believe? This story is interesting for feeding for health and disease prevention in the future.
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