Call: 0333 777 8522
Get in touch

Futures Close Report 16th April 2018

US Crop Ratings:

    • Wheat 31% good / excellent up from 30% last week. (54% last year);
    • US spring wheat plantings 3% complete (15% 5 year average);
    • US corn 3% planted slightly behind the 5% 5 year average.

Above average rains forecast in key corn-growing regions Brazil, are easing drought fears as the country’s second corn crop develops through the end of April.

China introducing a temporary anti-dumping measure on US sorghum (178.6% deposit), a final ruling will follow but no timeline has yet been given.  This marks a continued escalation in the ongoing trade dispute between US and China.