EU Rapemeal Prices

03/09/13 -- Rapemeal prices on the continent are mostly a bit firmer today, although they are nowhere near reflecting substantial USD20 gains in soymeal overnight on the back of continued weather concerns for soybeans in the US.


Strategie Grains have increased their forecasts for EU-28 rapeseed and sunseed production this year to 20.8 MMT and 8.4 MMT respectively.


Latest guide prices for EU

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The Morning Vibe

03/09/13 -- The market is taking the view that weekend Midwest rains were not as beneficial as they might have been. You can see a map of the last 3 days precipitation here: Another reason why you should be on Twitter.


Continuing with the recent theme, the trade seems to think that this is more of an issue for beans than corn, as we currently have the overnight Globex market around 35-40 cents

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EU Wheat Rises, Egypt Back In The Market Again

02/09/13 -- EU grains closed firmer, although aside from news of a second wheat purchase within a week from Egypt over the weekend, fresh news was lacking in light of US markets being shut for the Labor Day holiday.


At the close Nov 13 and Jan 14 London wheat were GBP1.15/tonne firmer at GBP158.65/tonne and GBP160.90/tonne respectively. Nov 13 Paris wheat finished the day EUR2.75/tonne firmer

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Dates For The Diary

02/09/13 -- Upcoming important events for the next couple of weeks ahead:


Tuesday (3rd): USDA weekly crop progress report.


Thursday (5th): Bank of England and ECB announce interest rate decisions. FAO world cereals supply and demand estimates. UK cereals usage data.


Friday (6th): Stats Canada grain stocks estimates. USDA weekly export sales.


Monday (9th): USDA weekly crop progress report.

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Twitter Rules

02/09/13 -- On a "no news" sort of a day I thought I'd proffer a few thoughts on Twitter, finding myself with nothing much else to do this lunchtime. I'm a big fan of Twitter, as many of you will have probably realised. It gives you the opportunity to link and converse with all sorts of people interested in the same subjects as you, many of whom that you'd probably never get the chance to have a

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EU Rapemeal Prices

02/09/13 -- Rapemeal prices on the continent are firmer today, possibly with a bit of added protection built in as the US markets enjoy a long weekend, with today being Labor Day.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
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Sep13

218.00


unch

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Egypt Back In For Wheat

02/09/13 -- Egypt's state wheat buyer GASC were back in the market again over the weekend, booking 355 TMT of Black Sea origin wheat in their second tender in a week. The divi cheque that they were waiting on from the Cairo Building Society must have come through, as this little lot is going to set them back around USD9.4 million in round figures by my calculations.


They bought one cargo (55

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