Milling wheat – a potential opportunity for 2013
“Fundamentally a market responds to short term supply and demand drivers, and whilst this year exceptionally good harvest weather across most of the country meant there were high quantities of quality grain on the market resulting in a lower premium, I believe this is unlikely to be repeated. With potential supplies also lower there could […]
Gleadell Grains & Oilseeds Market Report
GRAIN MARKETS – Jonathan Lane, Trading Manager WHEAT > IGC sees record 2012/13 global corn crop, stocks up – global wheat stocks viewed as comfortable despite small drop. > USDA planting survey reveals 2012 US corn acreage at 95.9mln acres, the highest since 1937. > Russian AgMin expects to end season with closing stocks of […]
ForFarmers Group to acquire BOCM PAULS
Price The price paid by ForFarmers Group is based on an enterprise value of €85 million after an adjustment for pension fund deficit plus a deferred consideration from surplus property. The deal will be completed once ForFarmers Group has gained shareholder approval and is subject to clearance by the EU Competition Authorities. Who are BOCM […]
Latest Gleadell Market Report
WHEAT > US corn and wheat values fall on favourable weather prospects as record corn plantings commence and rain alleviates drought concerns. > North African countries (Algeria/Morocco) purchase South American wheat as region faces drought-hit domestic crop. > Russian Government predicts no need for grain export restrictions during the current crop year – grain exports […]
Latest Gleadell Fetiliser report
UREA In the last week we have seen the Urea market continue to correct downwards, however, prices may have now found a floor after a bearish couple of weeks. As stated in last week’s report, with up to 40% of Nitrogen left to be bought in the UK this equates to nearly 800,000mt of […]
Gleadell grains & oilseed market report
GRAIN MARKETS Jonathan Lane, Trading Manager USDA raises US and global corn/wheat stocks – world wheat stocks projected at a 12-year high. COCERAL raises its EU-27 soft wheat 2011/12 crop estimates to 129.64mnl/t, up from 128.39mnl/t in October. France sees 2012/13 winter wheat area at 5.06mln ha, up 1.2% on the year. Strategie Grains sees […]
Cheers raised for UK malting barley based on buoyant markets and good reputation abroad
UK spring malting barley growers could have reasons to cheer for the New Year with buoyant markets and successful UK exports, suggest industry experts. According to Stuart Shand, sales director and malting trader for international merchant Gleadell Agriculture, factors such as increasing world beer demand, decreasing world barley area, and only just enough […]
BEPA Pulse Market Update
Peter Smith, President of BEPA, comments: Summary Pulse export trading over October has remained lively hopefully reflected in Q4 levy returns to PGRO after low collection to date. Overall French bean production was 332,000 tonnes, 36% lower that the previous harvest. Despite this, they exported a record of 245,535 tonnes to Egypt in […]
Latest Gleadell Fetiliser report
UREA The global Urea market appears to be stabilising after last week’s correction, with regional prices falling more in line with traditional pricing relationships. Prices look set to firm, supported in part by more than 1.5mt being booked under India’s tender, and the fact that traders started buying substantial quantities from the Black Sea, Baltic […]
