Futures Close Report 19th September

In the 12 weeks to mid-September, U.S. soybeans accounted for 52 percent of imports to the EU, rising 133 percent compared with the same period last year to 1.47 million tonnes. The United States had just 25 percent of the market in the same period of 2017.  Imports from Brazil dropped to a 40-percent share of the approx.  35 million tonne annual import market.

UK domestic market farmers remain engaged in land work,  with minimal interest in adding further forward sales into the books for the moment – this slow pace of origination is helping hold prices firm particularly on the niche crops such as pulses.  However prices for imported are feasible and providing a cap on market values.