Frontrunner - 4th August 2023
Frontrunner
English - August 04, 2023 15:29 - 13 minutes - 18.7 MBNews agriculture grain market seed pulses wheat barley fertiliser farming news farmers agronomy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Wheat futures prices continued to fall this week, dampening any signs of trade activity much like the UK weather is doing for harvest progress. Despite ongoing uncertainty surrounding Black Sea wheat supply, US Chicago Board of Trade (CBOT) futures fell again on Thursday for the seventh consecutive trading day. This wiped out all the gains made since 17th July when Russia withdrew from the Black Sea export corridor deal with Ukraine. Russia has continued to launch drone strikes on the Ukrainian Black Sea Port of Odesa and River Danube grain loading terminals, Reni and Izmail. However, it would seem markets have become immune to any potential supply chain disruptions this might create, with the EU also stating it would fund an initiative to create export lanes for Ukrainian grain through EU member states to ensure a continued flow to the nations which need it.
During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfo
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