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cover art for Frontrunner - 12th May 2023

Frontrunner

Frontrunner - 12th May 2023

Last week’s wheat price gains were quickly lost this week as the weight of old crop stocks, demand concerns and improving 2023 production prospects motivated selling interest. Despite uncertainty surrounding the renewal of the Black Sea export corridor deal and increased hostility from Russia towards Ukraine, eastern EU states are heavy with previously imported Ukrainian supplies. 


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


For other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribe


Follow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg

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  • Frontrunner - 18th July 2024

    12:27
    Last Friday, the United States Department of Agriculture (USDA) published its July World Agricultural Supply and Demands Estimates (WASDE) report, making notable increases for 2024 world wheat production which was increased by 5.4 million tonnes on the previous report.This was particularly bearish data which triggered another wave of speculative fund selling and subsequently, the Chicago Board of Trade (CBOT) wheat futures lost a further 6% of their value - striking new contract lows.Higher US wheat supply is the main reason for the total increase, with the USDA seeing the US wheat harvested area rising to 38.8 million acres. Yields are seen rising by 2.4 bushels per acre on the USDA's previous estimate to a total of 51.8 bushels per acre. This leaves a crop of 54.6 million tonnes - up 3.6 million tonnes on previous estimate and is the largest US wheat crop since 2016.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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg
  • Frontrunner - 11th July 2024

    13:57
    US 2024 wheat production looks set to be the largest for five years as winter wheat harvest progresses at a fast pace and the spring wheat condition continues to improve. Last month, the United States Department of Agriculture (USDA) increased its total 2024-25 US wheat crop estimate up to 51 million tonnes which, if realised, will be the biggest crop since 2019 when US farmers harvested over 52 million tonnes. 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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg
  • Frontrunner - 4th July 2024

    12:51
    June saw a significant decline in wheat prices. Futures prices had peaked at the end of May due to concerns over Russian wheat production for 2024. As these fears eased and prospects for other major wheat producers improved, managed money traders sold heavily. Consequently, US Chicago Board of Trade (CBOT) wheat futures lost 25% of their value. On the last day of June, the United States Department of Agriculture (USDA) reported increased wheat and corn stocks compared to the previous year - corn planting is ahead of last year, adding to the bearish sentiment.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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg
  • Frontrunner - 27th June 2024

    10:04
    Wheat futures markets have continued to fall as crop concerns ease and demand remains uncertain. Speculative managed funds trading the US Chicago Board of Trade (CBOT) wheat market were sellers again on Tuesday, for the seventeenth time in the last 19 trading days. This has left the December CBOT position at its lowest since 15th March 2024 and just 16 cents away from the lowest point so far this year. 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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg
  • Frontrunner - 20th June 2024

    13:27
    Chicago Board of Trade (CBOT) wheat futures continued to fall sharply this week, only pausing mid-week when US markets closed for a public holiday. By end-of-trade on Tuesday, the December 2024 position had fallen to its lowest since 22nd April, marking an 18% fall in value from the recent peak on 28th May. 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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg
  • Frontrunner - 13th June 2024

    11:11
    Global wheat markets continued to fall earlier in the week. US Chicago Board of Trade (CBOT) wheat futures dropped for the ninth consecutive day on Monday, reaching their lowest levels since early May and marking a 14% decline in value since the recent peak at the end of May. 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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg
  • Frontrunner - 6th June 2024

    11:50
    This week, Chicago Board of Trade (CBOT) ended Tuesday 14 cents down, posting its fifth consecutive lower close.Upbeat US crop condition weighed on the US market, despite a wealth of international trade activity. European markets maintained their value as France proved successful in capturing market share in international trade.US winter wheat condition improved by one point, increasing to 49% of the area rated 'good/excellent' which is still notably ahead of last year's 36%. 83% is headed which is up on the average 78%. The US wheat harvest is underway with 6% complete, double the pace this time last year and the average.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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg
  • Frontrunner - 30th May 2024

    09:56
    French 2024 wheat futures have hit their highest levels since November 2022, driven by further downgrades in Russia's 2024 wheat harvest potential.While UK and US markets observed a public holiday on Monday, the Paris market surged by nearly 3%. The Russian Grain Union reported frost damage which affected potentially two million hectares. The Institute for Agricultural Market Studies, IKAR, further reduced its Russian wheat production estimate to 81.5 million tonnes, down from 83.5 million tonnes. 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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg
  • Frontrunner - 23rd May 2024

    12:10
    Further cuts to Russian 2024 wheat production estimates and concerns for Ukraine output have reignited speculative buying interest, sending futures markets higher and setting new recent highs. Chicago Board of Trade (CBOT) wheat rose to its highest since August 2023 and French wheat futures to their highest since February 2023, whilst London futures struggled to match the pace as sterling continued to appreciate versus the euro. 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/myfarminfoFor other topical updates and advice from our experts, subscribe to our blog: www.frontierag.co.uk/blog/subscribeFollow Frontier Agriculture on Twitter at www.twitter.com/FrontierAg