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20th September 2018


£ / €

£ / $

$ / €

1.1283

1.3264

1.1753

Date

Price

Weekly Change

London Wheat

Nov 18

£ 174.75

£ 1.65

Date

Price

Weekly Change

MATIF Wheat

Dec 18

€ 202

€ 5.25

Date

Price

Weekly Change

MATIF OSR

Nov 18

€ 362.50

€ -5.75

*This data was correct at time of publish.


Consumers in the UK are noticeably absent in part because of the Brexit debate and the closure of Vivergo offering opportunities to secure raw materials at lower levels, whereas elsewhere globally there are glimmers of price recovery. 

Coceral reduced EU wheat production down from 138.8 m tonnes in June to 129.9 mt tonnes this month, due to reductions in Germany, France, UK and Scandinavia.

The Brexit affair will continue to accelerate or no, whichever the case may be and will keep a big aspect of unknown within the industry. The chance of a no deal Brexit is still plausible and this could be more down to the UK Parliament not agreeing one opposed to the EU not wanting one. 

Agricultural tariffs are considerably higher than other sectors and with a no deal Brexit our exports are to be subject to these export levies and to compound this there is a  potential of 0% import tariffs.

Grain trade lobby Coceral on Wednesday its estimate of 2018 soft wheat production in the  European Union to 129.9 million tonnes from 138.8 million in its previous estimate in June. Estimated maize production was lowered to 58.9 million tonnes from 60.3 million previously  while barley production to 57.4 million tonnes from 60.8 million. In oilseeds, Coceral cuts its  estimate of EU rapeseed production to 19.4 million tonnes from 21.0 million. Parts of  Europe have suffered from drought and heatwaves this summer, damaging crops and drying  out grasslands.

David, Rob and Jonni

David, Rob and Jonni

MARKET REPORTS

David, Rob and Jonni

David, Rob and Jonni

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