KW Feedcast - 28 March 2023

The latest edition of KW FeedCast sees Chris Davidson and James Barker discussing some positive news on the commodities markets.

This week has seen no change in the fundamentals, Argentina is still expecting a record loss in soya, while Brazil are still running behind due to the bad weather. We have also seen an extension in the Ukraine grain corridor for the next 60 days. However, Russia have made some big demands to keep it open past this time, including reinstated access to swift banking, so whether this does remain open remains to be seen.

However, we have seen a big fall in price in some of the commodities which have been stuck for the last four months or so. Soya and cereals have both been impacted by the financial markets coming under pressure and have brought a welcome respite to farmers.

We don’t believe any of these drops will be maintained as production prices remain high. So now is a great opportunity to take forward cover, especially for new crop, and take some risk off the books.

As always if you want any advice please do talk to your local seller or contact us in the office.

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Please note: The information provided during this podcast has been prepared for general informational purposes only and does not constitute advice. The information must not be relied upon for any purpose and no representation or warranty is given as to its accuracy, completeness or otherwise. Any reference to other organisations, businesses or products during the podcast are not endorsements or recommendations of AB Agri or its affiliated companies. The views of the presenter are personal and may not be the views of AB Agri. The contents of this podcast are the copyright of AB Agri.