Written Commentary
ADM Corporate Sustainability Report 2023
May 16, 2024
ADMISI London Wheat Report for 29 April
- April 30, 2024
- ADMISI Grains Team
- Follow us on Twitter @ADMISI_Ltd
London Wheat Report
The price of bread, biscuits and beer could be at risk of rising as a result of months of wet weather in the UK, a report has suggested. Harvests of crops including wheat, barley and oats may fall by more than 17% this year compared to 2023. The Energy & Climate Intelligence Unit (ECIU), which produced the analysis, said that if there is a shortfall in UK crops, food producers may have to import more from overseas, potentially increasing costs. The ECIU said that UK production of wheat, barley, oats and oilseed rape may drop by four million tonnes in 2024. It based its analysis on data from the Agriculture and Horticulture Development Board (AHDB) and yield figures from the Department for Environment, Food and Rural Affairs. The UK Flour Millers trade association said it expected this summer’s wheat crop to be 40% lower than last year.
Global wheat markets have been on the rise of late but today were in the red. Matif traded down all day as did London. Chicago wheat took a hammering and was trading down nearly 20 cents at the time of writing. London May4 saw some more tenders this morning 62 lots in total and traded for 55 lots in today’s session 50 of which were traded as part of the May4/ Nov4 spread @ £23. Nov 4 saw some volume with over 450 lots trading between £204.10 and £207.85. November 2025 traded today for 40 lots @ 203.00.
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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