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/myfarminfo

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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/myfarminfo

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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/myfarminfo

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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/myfarminfo

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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/myfarminfo

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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/myfarminfo

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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/myfarminfo

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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/myfarminfo

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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/myfarminfo

For other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe

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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/myfarminfo

For other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe

Follow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg

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