The Black Sea tensions are particularly influential on prices of wheat, of which Russia and Ukraine are both big exporters (see below). However, the two countries are a force in corn too, expected by the USDA to originate a combined 24Mt of shipments in 2023/24, 12% of world corn exports. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
This week we are focusing on the UK wheat area and large discrepancy between USDA data and AHDB survey results. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
Values for wheat have now rallied nearly 10% as the risks and challenges of exporting Ukrainian grain are further increasing amidst further attacks on grain export facilities in Ukraine. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
The outlook for world barley supplies is deteriorating, CRM Agri believe another season of large discounts to wheat is therefore unsustainable and the current situation is result of new crop harvest pressure. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
Harvest reports from around Europe are varied, with French wheat yields said to be mixed, while Italy and eastern Europe suffer quality downgrades. In the UK, barley yields have come in average to above-average so far. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
US farmers sowed much more corn this spring than had been thought. A fresh USDA estimate on Friday pegged sowings at 94.1M acres. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
Parts of the major growing states of Illinois and Iowa, over which drought fears have been particularly significant, received rainfall into the weekend, with the GFS weather model, at least, seeing further rains next weekend too. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
While the US is in for rains this week, they will focus on the South East cotton-growing areas, and provide relief for only eastern areas of the drought- tested Midwest. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
The USDA’s drought figure for Iowa, the top corn-producing state, grew by 10 points week on week to 39%, with that for second-ranked Illinois jumping by 29 points to 31%. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
Understanding the relationship between UK and European wheat grain prices. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
US corn plantings have continued apace, offering clear passage thus far to expectations of a record harvest-23. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
Wheat speculators gross short holdings have, for the first time on data going back to 2006, reached a level equivalent to 50% of total open interest. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe
