Written Commentary
ADM Corporate Sustainability Report 2023
May 16, 2024
ADMISI London Wheat Report for 3 January
- January 4, 2024
- ADMISI Grains Team
- Follow us on Twitter @ADMISI_Ltd
London Wheat Report
At least 103 people have been killed by two bomb explosions near the tomb of Iranian general Qasem Soleimani on the fourth anniversary of his assassination by the US, Iran’s state media report. Mortgage lenders have started the year by cutting rates, taking some of the pain out of the cost of a new deal for homeowners. Serious disruption to travel has hit on Wednesday, with hundreds of flood warnings in place after Storm Henk battered parts of the UK. Luke Littler the darting sensation takes to the stage for the final of the world championship, can the 16 year old go all the way this evening?
Strong dollar has meant US Ags have been unattractive to foreign buyers in the past few days. Wheat took a further tumble today with all US contracts in the RED. Chicago, Kansas and MW down 7, 12 and 8 cents respectively at the time of writing. Corn and Beans took a hiding yesterday and did their best to try and claw back some of the losses. Corn began trading positively around 5PM UK time. Beans had a turn-around from earlier trading in the red to trade positively in the afternoon/ main session. Perhaps people were looking at the 30 cents losses of yesterday and thinking beans were over sold.
Polish farmers will resume their blockade of the Medyka border crossing with Ukraine from Thursday, protest leaders told state-run news agency PAP, as Prime Minister Donald Tusk attempted to defuse the dispute. The Polish farmers suspended their protest, which aims to secure government subsidies for corn and prevent tax hikes, on Dec. 24. Polish truck drivers have been blocking border crossings with Ukraine since November.
Matif Rape found support today, all months were on average up 5 Euros. European Wheat markets were off today. Both London and Matif traded down all day. London May Nov spread traded out to £13.50. Both May and Nov volumes were in and around the 100 lot mark. May traded between £193 and £194.55. Nov had a £1 range between 206 and 207.
Contact the ADMISI Grains and Oilseeds Derivatives Brokerage team
Hanne Bell, Ryan Easterbrook and Aaron Stockley-Isted
Phone: +44 (0)20 7716 8477 or +44 (0)20 7716 8140 Email: intl.grains@admisi.com
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice. ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG. A subsidiary of Archer Daniels Midland Company.
© 2024 ADM Investor Services International Limited
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2024 ADM Investor Services International Limited.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
