EU Wheat Mixed, US Weather Watched

02/05/13 -- EU grains were mixed, with the French market playing catch up after a day's closure yesterday. Fresh news was thin on the ground. The ECB cut interest rates in the Eurozone by a quarter to 0.5% which didn't have a great deal of impact to the euro as the move was widely expected.


London wheat closed with front month May 13 down GBP0.50/tonne at GBP192.00/tonne and with new crop Nov

Read More

EU Rapemeal Prices

02/05/13 -- Rapemeal prices on the continent are a bit easier today, reflecting last night's sharp decline in soymeal values in Chicago.


Some improvement in new crop rapeseed production prospects in the EU may also be a factor, although rapemeal asking prices still look historically expensive relative to soymeal.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric

Read More

Chicago Slips On Fund Selling

01/05/13 -- Soycomplex: Beans took a bit of a battering on what was generally a bad day for commodities on the back of worse than expected manufacturing data from China which saw crude, gold, silver, the stock market and dollar all lower to start the day. With the notion that 1-3 million acres of corn might not get planted this spring, Michael Cordonnier says up to 5 million in a worst case

Read More

London Wheat Dips, Paris Wheat Closed

01/05/13 - With the French market closed for the May 1st holiday, this was a limited news sort of a day. London wheat therefore followed the lead of US grains, and subsequently closed lower.


London wheat closed with front month May 13 down GBP1.00/tonne at GBP192.50/tonne and new crop Nov 13 GBP0.95/tonne easier to GBP184.00/tonne.


From an economic perspective the pound hit a fresh 2 1/2

Read More

EU Rapemeal Prices

01/05/13 -- Rapemeal prices on the continent are mixed today. Oil World forecast the global rapeseed crop rising 2.6% to a record 64.1 MMT in 2013.

"Successful winter crop plantings and only limited winterkill losses provide a lot of optimism regarding next season’s rapeseed production in Europe," they say.

Despite that, and lower soymeal values overnight, new crop rapemeal prices are marked

Read More

World Rapeseed Production At Record Levels In 2013

01/05/13 -- Oil World released their latest projections for the 2013 EU rapeseed crop yesterday, estimating the crop at a 3-year high of 20.2 MMT, up 5% or almost 1 MMT on last year's output of 19.24 MMT.


Germany will sneak back to the top of the table as Europe's largest producer with a crop of 5.45 MMT, up 13% on 4.82 MMT in 2012, they say. French production will fall 5% to 5.2 MMT,

Read More

Chicago Closing Comments, Corn Rally Stalls

30/04/13 -- Soycomplex: Beans failed to hang onto early strength. Maybe that was tied to month-end positioning and/or profit-taking? Or maybe ideas that the current slow corn planting progress will ultimately mean more soybean acres? Whatever, old crop months closed more than 20 cents off the early highs at the finish. Demand certainly seems to be switching to South America, with Brazil more than

Read More