Futures Close Report 16th Feb 2018
Informa lowered its prospective US winter wheat production to 1.231 billion bushels, down from 1.292 billion reported on 23rd January. Informa put the 2018 winter wheat yield at 47.7 bushels per acre, down from 49.3 bpa previously.
The amount of soy and corn moved through Brazil’s new port terminals in the country’s north reached 51.2 million tonnes in 2017. Those northern terminals transported 23 percent of total soy and corn that passed through Brazilian ports in 2010 and ended 2017 with 41 percent of the total.
Domestic UK markets remain challenging – market premiums still firm as movement pressures dictate grain flow to consumers. Pace of origination is also relatively slow.