Written Commentary
The Ghost in the Machine Q1 2024
March 19, 2024
ADMISI London Wheat Report for 12 February
- February 13, 2024
- ADMISI Grains Team
- Follow us on Twitter @ADMISI_Ltd
London Wheat Report
Today’s trade was mixed across grains and oilseeds with no real conviction either way. Whilst we traded either side of the gain line throughout the day, the Chicago markets were slightly firmer at the time of writing, Euronext milling wheat and corn lower while rapeseed posts a small gain. It was a slower day on London wheat, perhaps something to do with half term and the fantastic sunshine we had today.
The CFTC commitment of traders saw active selling in corn and soybeans, and a small extension of the short in wheat.
South American weather remains mostly favourable. Good rains across much of the central and northern growing regions of Brazil in the past week are expected to slide south this week supporting crop development. Rainfall late last week through the weekend also brought significant relief to key growing areas of Argentina.
Contact the ADMISI Grains and Oilseeds Derivatives Brokerage team
Ryan Easterbrook or Aaron Stockley-Isted
Phone: +44 (0)20 7716 8477 or +44 (0)20 7716 8140 Email: intl.grains@admisi.com
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