Securing a Margin in Volatile Markets
Market price volatility returned with a vengeance in mid-2010. Initially all was positive for cereal farmers as the May 2011 futures moved up from a low of 105/t in early June to peak (so far) at just over 210 in mid- February, and back again in April. Yet within a week in March, it moved […]
BEPA Pulse Market Update
Commodity prices reached record highs in early February sparking more debate at government level ….. Peter Smith, President of BEPA, reports: Summary Commodity prices reached record highs in early February sparking more debate at government level about food security. This spike is all about milk, meat, sugar and oilseeds rather than wheat and rice as […]
Gleadell Market Report
GRAIN MARKETS – David Sheppard, managing director WHEAT US markets have rallied strongly since last week following the bullish corn stock report. Since last Thursday morning, old crop US corn futures have risen $1 per bushel (approximately $40 or 25 per tonne). With the likelihood of continued price rationing for US corn, feed producers will […]
Gleadell Fertiliser Report
FERTILISER MARKETS The first Indian Urea tender of the year has finally been announced and this has become the primary focus of the market. Tonnages are expected to be up to 1 million tonnes, and Iranian and Arab Gulf suppliers are expected to dominate the lowest tender offers with limited potential outlets for this Urea. The Urea market […]
Gleadell Market update
GRAIN MARKETS – David Sheppard, managing director WHEAT The IGC forecasts a record global grain crop should be harvested in 2011/12 but stocks are still likely to fall from already low levels. Grain production in 2011/12 is forecasted at 1,805mln/t, up from 1,726mln/t in 2010/11. However, it would still remain just short of the projected […]
Gleadell Fertiliser Report
FERTILISER MARKETS Global Urea prices have weakened in all major markets as buying appears to be at a low ebb. However, with India – which is the worlds largest importer of Urea – about to tender, a nervous feel has entered the market. The Indian tender opens this Friday for an unspecified quantity. This is […]
Gleadell Market Report
GRAIN MARKETS – David Sheppard, managing director WHEAT Kazakhstan has lowered its exportable grain surplus by 14% to 6mln/t this season, in an effort to create extra stock to battle rising inflation and higher internal food prices. Ukraines grain stock as of March 1st totalled 12.4mln/t – 5.3mln/t wheat, 1.6mln/t barley and 4.6mln/t of maize […]
Gleadell Fertiliser Report
FERTILISER MARKETS Demand for AN in the eastern arable sector has slowed as the cool damp weather has continued; the majority of the grassland sector in the west has still to enter the market. Imported AN is being offered at prices significantly below domestic AN and Gleadell has Lithan 34.4% to offer at attractive levels […]
Gleadell Market Report
GRAIN MARKETS – David Sheppard, managing director WHEAT Spring plantings in Russia and the Ukraine are reported as being delayed by wet and cold weather. The same happened last year. Crop conditions in some parts of the US Midwest and in Canada are not ideal. The Midwest has been too dry and Canada is wet and […]
