Frontrunner

The markets have moved down since the beginning of November. The London International Financial Futures and Options Exchange (LIFFE) May '25 contract reached a high of £195/t on 1st November before slowly drifting off to a low of £191.50/t. The Marché à Terme International de France (MATIF) December '24 contract followed a similar track, opening November with a high of £221.50/t before drifting off to a low of €212.25/t.During intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe Hosted on Acast. See acast.com/privacy for more information.

The beginning of the week saw wheat futures markets extend their losses, with London wheat futures losing almost 8% of their value since the peak on 3rd October. Improving wheat crop prospects for Argentina this season, as well as for the EU and UK in 2025, encouraged the selling. The Rosario Grains Exchange raised its Argentina wheat production estimate to 19.5 million tonnes following recent rains. It also raised the wheat export estimate to 13.3 million tonnes, which if achieved would be the second highest ever. Crop ratings for Argentinian wheat increased from 31% to 38%, ‘good/excellent'. During intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe Hosted on Acast. See acast.com/privacy for more information.

Having seen a spell of speculative fund short covering propel wheat futures prices to multi-week highs earlier this month, markets have subsequently eased lower again.Questions remain over Russian wheat exports and the country's 2025 wheat production potential. However, in the near positions there is a more than adequate supply and with good cover, buyers are back on the side lines. Russian weekly wheat shipments remain at about one million tonnes per week, but this week the country missed out in one international tender. During intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe Hosted on Acast. See acast.com/privacy for more information.

The United States Department of Agriculture (USDA) published its October World Agricultural Supply and Demand Estimates (WASDE) report last Friday but presented no bullish surprises which contributed to a softer spell for world wheat prices. Minor cuts in production for Brazil, the EU, India and Russia, partly offset by increases for Ukraine, sees world production down 2.8 million tonnes on the previous estimate to a total of 794.08 million tonnes. However, this is still almost four million tonnes up on last year.During intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe Hosted on Acast. See acast.com/privacy for more information.

Geopolitical issues triggered spells of speculative short covering in futures markets this week. Trader concerns over the wider repercussions of a potential retaliation by Israel against Iran increased crude oil prices by over 3% on Monday to over $80/t, its highest since 19th July. This had a positive impact on other commodity markets, including wheat.Away from the tensions in the Middle East, Russian missile strikes on two Ukrainian Black Sea ports, including Odessa, resulted in damage to grain carrying vessels - another reminder of the potential risk around shipping from the world's cheapest wheat source. During intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe Hosted on Acast. See acast.com/privacy for more information.

Towards the end of last month, speculative traders extended their short positions in Paris wheat futures. They expected weaker prices due to the poor EU wheat export pace and Russia and Ukraine dominating world wheat trade. Latterly, adverse EU weather raised concerns for winter planting which triggered some short covering and a lift in futures prices. However, news broke on Tuesday that Iran had launched a ballistic missile attack on Israel accelerated the short covering, leading to a sharp jump in all wheat futures markets. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe Hosted on Acast. See acast.com/privacy for more information.

Further speculative fund short covering helped wheat prices move higher earlier this week. London wheat futures recovered £3 from last week's low, although further gains to match other wheat futures markets were capped by another spell of sterling strength. The pound reached its highest level against the euro and the US dollar since April 2022, with investors attracted by the Bank of England leaving the UK base rate unchanged as the Federal Reserve cut US interest rates by 0.5%. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe Hosted on Acast. See acast.com/privacy for more information.

The end of last week saw the United States Department of Agriculture (USDA) publish its September World Agricultural Supply and Demand Estimates (WASDE) report. Any expectations for a bullish report to boost prices were dashed. World production was cut 1.5 million tonnes to 796.88 million tonnes and there was also a 900,000-tonne rise in consumption which presented a potential marked cut in year-end stocks. However, increases for carry-in Canadian stock to this season to align with StatsCan leaves year-end stocks up 600,000 tonnes on last month to a total of 257.22 million tonnes. Despite this being eight million tonnes down on last year, the market subsequently found ready sellers.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe Hosted on Acast. See acast.com/privacy for more information.

Wheat futures prices have stabilised over the past week, sitting approximately 7% above their August lows. There is an increasing number of supporting elements to hold prices up, but nothing sufficient enough to move them on to another level yet.Strong Russian and Ukraine exports dominate world trade and spot Russian wheat offers remain anchored at about $218/t FOB, failing to follow outside markets higher. The lack of rain and low soil moisture for drilling crop '25 is an additional watch for an extensive area covering Eastern Ukraine, Russia and Kazakhstan. Russian winter drilling is reported to be at its slowest pace since 2013 because of the dryness. According to the Ukraine Ministry of Agrarian Policy and Food, just 2% of Ukraine winter wheat area is planted due to record high temperatures and dryness. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Wheat markets have enjoyed a buoyant start to September. Just three days into the new month Paris futures topped a 9% price gain from their contract lows seen trading during the last week of August. With the US and EU harvests nearing completion and harvest farm selling pressure drying up, trade liquidity has become an issue at the lower price levels. Speculative short covering has provided buying interest, although the primary negative wheat price driver remains in play. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

This season's leisurely pace of EU wheat exports is contributing to market negativity. To the week ending 25th August, exports are ahead by 238,000 tonnes to a total of 3.927 million tonnes which compares with 5.038 million tonnes last season. There is a lower surplus of around 27 million tonnes which is four million tonnes below last year. According to analysts Stratégie Grains, this figure will leave a carryover stock almost four million tonnes lower than the carry in. Therefore, it would be premature to be overly concerned for the slower export pace at this stage. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Poor EU wheat export demand, particularly for French wheat, sent Paris wheat futures to their lowest levels since the middle of March. EU wheat shipments were up just 337,000 tonnes on the week to 3.553 million tonnes which compares to 4.527 million tonnes in the same period last year. Romania is the top EU shipper so far with close to 1.5 million tonnes, almost three times the French pace. Egypt has received the most wheat with imports of 505,000 tonnes, followed by Nigeria and Morocco. The UK is number five on the list, having taken 202,000 tonnes already - which includes German milling wheat. The low protein issues, coupled with the low planted area of UK bread making varieties for this harvest, is limiting availability for our domestic millers. German milling wheat imports look set to be the largest since 2012 as a result and could exceed one million tonnes.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

On Monday this week the United States Department of Agriculture (USDA) published its August World Agricultural Supply Demands Estimate (WASDE). Traders expected to see a slight increase in US wheat production, but despite seeing a higher yield, the USDA also saw a smaller harvested area. This left US wheat production dropping from the previous estimate of 54.66 million tonnes to 53.93 million tonnes. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Improving production prospects for US wheat and corn has encouraged speculative funds to build near record short positions in Chicago Board of Trade (CBOT) futures, sending markets to contract lows at the end of July. The subsequent weakness in the US dollar – which has enabled US grains to be more competitive in export markets - has allowed for a modest wheat price recovery, but strong crop ratings temper any notable buying enthusiasm.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Up until Wednesday, the past week has seen the bears take control of the market. London wheat futures for the November contract opened at £195.75/t last Thursday before shedding £8.50/t to a low of £187.25/t on Tuesday – they recovered by close of play Wednesday. Paris wheat futures for the December contract followed a similar pattern. They opened at €231.25/t last Thursday, then dropped by €9.75/t to a low of €221.50/t and recovered on Wednesday by closing at €227.50/t. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Reports of poor quality and plunging crop ratings triggered a sharp price rally for wheat futures markets earlier this week, as the French wheat harvest progressed northwards. Paris wheat futures found strength, adding 12 euros from its recent low last week.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Last Friday, the United States Department of Agriculture (USDA) published its July World Agricultural Supply and Demands Estimates (WASDE) report, making notable increases for 2024 world wheat production which was increased by 5.4 million tonnes on the previous report.This was particularly bearish data which triggered another wave of speculative fund selling and subsequently, the Chicago Board of Trade (CBOT) wheat futures lost a further 6% of their value - striking new contract lows.Higher US wheat supply is the main reason for the total increase, with the USDA seeing the US wheat harvested area rising to 38.8 million acres. Yields are seen rising by 2.4 bushels per acre on the USDA's previous estimate to a total of 51.8 bushels per acre. This leaves a crop of 54.6 million tonnes - up 3.6 million tonnes on previous estimate and is the largest US wheat crop since 2016.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

US 2024 wheat production looks set to be the largest for five years as winter wheat harvest progresses at a fast pace and the spring wheat condition continues to improve. Last month, the United States Department of Agriculture (USDA) increased its total 2024-25 US wheat crop estimate up to 51 million tonnes which, if realised, will be the biggest crop since 2019 when US farmers harvested over 52 million tonnes. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

June saw a significant decline in wheat prices. Futures prices had peaked at the end of May due to concerns over Russian wheat production for 2024. As these fears eased and prospects for other major wheat producers improved, managed money traders sold heavily. Consequently, US Chicago Board of Trade (CBOT) wheat futures lost 25% of their value. On the last day of June, the United States Department of Agriculture (USDA) reported increased wheat and corn stocks compared to the previous year - corn planting is ahead of last year, adding to the bearish sentiment.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Wheat futures markets have continued to fall as crop concerns ease and demand remains uncertain. Speculative managed funds trading the US Chicago Board of Trade (CBOT) wheat market were sellers again on Tuesday, for the seventeenth time in the last 19 trading days. This has left the December CBOT position at its lowest since 15th March 2024 and just 16 cents away from the lowest point so far this year. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Chicago Board of Trade (CBOT) wheat futures continued to fall sharply this week, only pausing mid-week when US markets closed for a public holiday. By end-of-trade on Tuesday, the December 2024 position had fallen to its lowest since 22nd April, marking an 18% fall in value from the recent peak on 28th May. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Global wheat markets continued to fall earlier in the week. US Chicago Board of Trade (CBOT) wheat futures dropped for the ninth consecutive day on Monday, reaching their lowest levels since early May and marking a 14% decline in value since the recent peak at the end of May. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

This week, Chicago Board of Trade (CBOT) ended Tuesday 14 cents down, posting its fifth consecutive lower close.Upbeat US crop condition weighed on the US market, despite a wealth of international trade activity. European markets maintained their value as France proved successful in capturing market share in international trade.US winter wheat condition improved by one point, increasing to 49% of the area rated 'good/excellent' which is still notably ahead of last year's 36%. 83% is headed which is up on the average 78%. The US wheat harvest is underway with 6% complete, double the pace this time last year and the average.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

French 2024 wheat futures have hit their highest levels since November 2022, driven by further downgrades in Russia's 2024 wheat harvest potential.While UK and US markets observed a public holiday on Monday, the Paris market surged by nearly 3%. The Russian Grain Union reported frost damage which affected potentially two million hectares. The Institute for Agricultural Market Studies, IKAR, further reduced its Russian wheat production estimate to 81.5 million tonnes, down from 83.5 million tonnes. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Further cuts to Russian 2024 wheat production estimates and concerns for Ukraine output have reignited speculative buying interest, sending futures markets higher and setting new recent highs. Chicago Board of Trade (CBOT) wheat rose to its highest since August 2023 and French wheat futures to their highest since February 2023, whilst London futures struggled to match the pace as sterling continued to appreciate versus the euro. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Last Friday, the United States Department of Agriculture (USDA) published its first grain balance sheet estimates for next season. World wheat production is seen higher by 10.5 million tonnes on the year to a total of 798.19 million tonnes, but corn will be lower by eight million tonnes to a total of 1.22 billion tonnes. Increases in consumption for both wheat and corn see stocks falling by 4.2 million tonnes and 800,000 tonnes respectively by the end of next season.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

After a sluggish start to the year, wheat prices experienced a remarkable turnaround in the last days of April, surging to multi-month highs. Speculative funds, which had previously driven prices lower by building record short positions in wheat futures markets, reversed their stance. However, cooler temperatures and rain over the weekend means buyers have taken a step back and sellers are keen to take advantage of these attractive prices – this has taken markets lower again.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Last week, speculative fund short covering took UK wheat futures to their highest levels in 2024 so far. Prolonged dryness and temperatures in the high 20s across much of southern Russia and east Ukraine were the primary price drivers.However, cooler temperatures and rain over the weekend means buyers have taken a step back and sellers are keen to take advantage of these attractive prices – this has taken markets lower again.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

In an eventful week for the wheat markets, speculative fund short-covering spurred a sharp ascent, propelling London November 2024 wheat futures past £200/t - their highest level since 10th January. Geopolitical tensions and weather fluctuations initially fuelled the surge, although values retraced mid-week. Escalating missile attacks on the Ukrainian Black Sea port of Odesa by Russia over the weekend, coupled with the US government's proposed $61 billion support for Ukraine's war efforts against Russia, prompted speculative funds to reduce their near-record short positions in global agricultural futures markets. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Last week's United States Department of Agriculture (USDA) report brought minimal shifts in the global wheat landscape. While world wheat production saw a slight increase to 787.36 million tonnes and consumption rose marginally to 800.1 million tonnes, end stocks dipped to 258.27 million tonnes. Notably, the adjustments made for India hint at a potentially bullish scenario for world wheat markets.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

The latest weekly crop condition and progress report from the US highlights a positive outlook for production potential. Winter wheat maintained a steady condition, seen 56% ‘good/excellent', which is unchanged on the week. However, this is significantly higher than the same period last year when just 27% of the crop was seen looking this well. Kansas is the number one producing state and edged one point higher on the week, to 49% ‘good/excellent'. Spring wheat and corn planting is off to a good start with the US spring wheat area 3% planted, as expected, up from 1% last week and last year, and unchanged from the five year average. The US corn area is 3% planted, which is the same as last year but ahead of the five-year average of 2%. It is important to bear in mind that the United States Department of Agriculture (USDA) sees US farmers notably cutting their corn planted area to just over 90 million acres, down from 94.6 million acres last year.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

The United States Department of Agriculture (USDA) presented a bullish set of data before the Easter weekend and sent futures prices higher. On 1st March, US wheat stocks were marginally higher than average expectations at 1.087 billion bushels versus 1.044 billion bushels. This was also up on last year which was 0.941 billion bushels.The surprises for the market didn't come from the stocks though, rather it was the lower-than-expected 2024 US corn and US winter wheat prospective planted areas. Winter wheat is seen down to 34.135 million acres which is at the bottom end of trade guesses - these ranged from 34 million acres to 38.37 million acres and notably the Ag Forum estimated 34.425 million acres. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

World wheat futures markets enjoyed a short-lived price spike at the end of last week. Early on Monday, follow-through buying took Paris futures to their highest since 7th February and 22 euros above the contract low seen earlier this month. Prices rallied following the news that the largest private Russian grain exporter was in dispute with Russian authorities and was not being issued with the appropriate documentation to allow vessels loaded with grain to sail to their end destinations. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Speculative fund short covering has driven wheat futures higher in recent days, led primarily by gains in the Paris market. The May 2024 contract breached €200/t on Tuesday which was the market's highest level since 27th February 2024. The funds had built record short positions in the Paris wheat market but improved physical wheat demand, Black Sea supply concerns and EU political moves have been the catalysts to trigger a need to reduce the exposure to potentially higher prices. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

The United States Department of Agriculture (USDA) published its March World Agricultural Supply and Demand Estimates (WASDE) late last Friday afternoon, trimming end stocks for both world wheat and corn which helped to lift prices. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Earlier this week, both US and French wheat futures fell sharply again and struck new contract lows. Wheat futures have nearly lost half their value from their peak in May 2022 and are under pressure from abundant world wheat supplies and cheaper export sales from Black Sea origins. Offers are reported to have fallen below $200/t FOB – the sterling equivalent of £157/t for milling quality on a vessel at a Black Sea port. Algeria is thought to have taken advantage of these low prices, securing up to one million tonnes for June delivery at $228/t, including all freight costs. This is almost $40/t below the prices the country paid in its previous tender and is most likely Russian origin.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

So far, 2024 has proven to be disappointing for wheat prices. London wheat futures lost 20% of their value over the first seven weeks of the new year, but in week eight they managed to reverse the trend and for the first time this year closed higher on the week. There was little to be bullish about and the gains were more a desire for speculative traders to lock in profits as wheat futures bounced higher from their contract lows.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

So far, 2024 has been a bad year for wheat prices under the weight of world grain.This is now heavier according to the International Grains Council who raised its latest world corn production estimate by four million tonnes to a total of 1.234 billion tonnes, now 71 million tonnes up on last year. World wheat production was left unchanged at 788 million tonnes.London wheat futures have lost over 16% of their value since the end of last year and they struck a new contract low earlier this week. Subsequently, a spell of short covering for world markets delivered a £7/t gain and signalled a pause in declining prices. Growers who had set triggers in Frontier's MyFarm online pricing system were notified of this and were able to take advantage of the short reversal in trend.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Late last Wednesday, the United States Department of Agriculture (USDA) published its February World Agricultural Supply and Demand Estimates (WASDE) report and there were very few changes from January's numbers. Year-end stocks for both world wheat and corn will be less than estimated in the previous month's report, but the cuts made were insufficient to halt the slide in wheat prices seen since the beginning of 2024. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

By midweek, European wheat markets established new contract lows and extended their 2024 price decline. Slow demand, uninterrupted wheat exports from the Black Sea and no tangible weather issues has seen London wheat futures shed £25/t in value since the end of 2023. There seems little in sight at this stage to arrest the current trend. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

World wheat prices continued to fall this week, extending the decline that has prevailed since the beginning of 2024. The Paris and London wheat futures markets both fell to new contract lows - the lowest prices seen since July 2021. Over supply and slow demand have encouraged speculative selling, with managed money traders holding record short positions in the Paris market. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

This week UK wheat futures have fallen to new contract lows despite support for US and European wheat markets. UK feed wheat prices remain around £10/t too expensive to compete for export market share. Traditional UK feed wheat EU export destinations, such as Spain and Ireland, continue to find cheaper offers from other origins and there is no shortage of sales opportunity should prices become competitive. The EU has so far imported 5.4 million tonnes of wheat - 3.65 million tonnes of that has come from Ukraine. UK exports remain stagnant at less than 130,000 tonnes shipped for the first half of the season, signalling a potential carryover of over three million tonnes of stock into next season. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Last Friday, the United States Department of Agriculture (USDA) published its first World Agricultural Supply Demands Estimate (WASDE) for 2024, presenting a bearish set of data for both wheat and corn. Subsequently, futures wheat prices dropped sharply and both the Paris and London markets established new contract lows.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

This week world wheat markets have continued the new year in decent shape, as Russia continues to dominate wheat export share by under cutting other origins.Paris wheat futures fell to new contract lows under the weight of old crop wheat supplies, despite concerns for 2024 production potential. In its latest tender to buy wheat, the General Authority For Supply Commodities (GASC) purchased 420,000 tonnes of Russian wheat for delivery through February and March at the Russian floor price $265 FOB. There was just one French offer which, including freight, was about $17/t too expensive to compete with the Russian sales, highlighting the competitive challenges in world trade.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

The new year hasn't been positive for wheat markets. Chicago Board of Trade (CBOT) opened on the first trading day with heavy losses, as speculative funds started to rebuild short positions. European markets followed US markets lower, with Paris wheat futures setting new contract lows.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

World wheat futures markets are drifting into the festive period, with little change in value but trading above the season's lows. There has been no shortage of international trade, however, with Saudi Arabia buying 1.3 million tonnes and Egypt securing 480,000 tonnes in the week before Christmas.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

This week world markets dropped lower, ending last week's strong run of prices in US wheat futures.Chicago Board of Trade (CBOT) has lost almost half the gains it made after China purchased 1.1 million tonnes of US wheat, meanwhile Black Sea origins reinforced dominance in world trade. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

This week, China - the world's largest wheat producing country - has put pen to paper with US wheat exporters. Published sales data showed US traders selling around one million tonnes of US wheat to the country and in the process triggered a sharp price rally. As a result of this, the short covering launched Chicago Board of Trade (CBOT) futures 15% higher from the previous week's multi-month lows.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Earlier this week, Paris wheat futures dropped to their lowest level in over two years following disappointing export news.Up to Sunday 26th November, the latest trade data from Brussels put EU wheat exports up to 11.995 million tonnes - 18% behind last year when 14.677 million tonnes had been shipped in the same period. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

World wheat markets have come under further selling pressure this week, with little to no fresh bullish features to be seen. Whilst demand slows, an improvement in the weather and crop ratings has encouraged speculative funds to build on their short positions in agricultural markets. During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.

Last week's price spike because of Black Sea supply concerns and confusion over a cap on Russian grain exports seems a distant memory.The plentiful nearby physical wheat supply is again weighing on markets and whilst Russian exports continue to power ahead, the EU and US are left trailing in its wake. Russia is expected to have its poorest performing month in November since the start of the season, but despite that the country is likely to ship about four million tonnes of wheat as it continues to dominate world trade.During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg Hosted on Acast. See acast.com/privacy for more information.