Grains, oilseeds and pulses
* updated every Wednesday
Global grain insight
Mid March 2017
It remains a time of wait and see with the markets awaiting the result of South American harvests and US seeding intentions.
The world looks setup for a continuation of burdensome supply and demand with ample stocks, strong plantings and largely favourable weather to date.
However, there remains a long way to go before crops are safely in the barn and with current low price levels, any downside looks limited for the time being. It’s still going to take a significant weather problem to sustain any rally and without one, prices will ultimately face downward pressure as time passes.
Red = WARNING: Prices likely to be forced lower as a result
Amber = CAUTION: Could affect prices in the future – watch this space
Green = UPWARD MOVEMENT: Prices likely to be forced higher as a result
Source: Nidera UK
Nidera UK is part of global grain trader Nidera which operates in 22 countries. One of the UK’s key grain exporters, it is based at Ipswich, Suffolk with regional offices in Yorkshire, Norfolk and Hampshire.