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22nd May 2019 - Midweek market report

Tomorrow marks the last trading day for May London futures and, over the last few weeks, we've seen a large volume of futures tendered right the way from Edinburgh to Kent. As such, the added weight of physical grain has pushed prices around £10 lower since the start of the month. Consumers are well aware of this and are therefore in no rush to cov...

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OSR - The final nutrition decision

It has been somewhat of a harrowing year for the OSR crop, with wide spread establishment issues followed by flea beetle larval damage leading to a number of crops unfortunately being ripped up.The remaining crops have gone on to endure some late frosts during flowering but, thanks to recent rainfall and warm weather, the good crops are now coming ...

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Timeliness is next to Godliness

It isn't news to emphasise that one of our key current challenges is the well publicised yield plateau. Whenever the next thumping crop yield is announced we all want to know how it was grown and then, when we do know, we sit back and assume we could never achieve it. Often the soil type was better than ours or the nitrogen rate was extraordinarily...

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15th May 2019 - Midweek market report

The USDA's first stab at 2019/20 world wheat and corn balance sheets last Friday indicated a boost of supplies and extended the recent weak price trend. Early this week, French and London wheat futures hit new contract lows as markets reacted to the USDA forecasts for record world wheat and corn crops next season; put at 777 million tonnes and 1,17...

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8th May 2019 - Midweek market report

UK feed wheat markets remain under pressure after Friday's sharp £3.80 futures sell-off. May LIFFE hasn't traded since then and open volume sitting on the exchange is around 60,000t, which could add further pressure to old crop prices if tendered. Consumer demand is understandably quiet as markets have a decidedly bearish feel to them and, for any ...

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Midweek market report - 24th April 2019

While many of us enjoyed the Easter weekend weather, both winter and spring crops were looking very thirsty as the British Isles broke temperature records. However, with rain now in the forecast and the weather pattern changing both here and in much of Western Europe, wheat futures markets started the working week with a bump lower. Concerns that t...

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Mid-week market report - 10th April 2019

The USDA published their April World Supply and Demand report yesterday and, as expected, it held bearish data – particularly for corn. World wheat production was put marginally lower at 732.87 million tonnes but falls in consumption saw year end stocks increase by five million to 275.61 million tonnes. This is just six million tonnes down on the y...

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Mid-week market report - 3rd April 2019

The UK market continues to be in a state of confusion regarding our wheat crop size, and Brexit. As we enter the final quarter of the cropping year, there is no clarity on the UK wheat crop size. Estimates vary, from DEFRA projecting an area equating to a 13.95 million tonne crop, to the Basic Payment Scheme (BPS) survey suggesting a 100,000 hectar...

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Mid-week market report - 27th March 2019

Global markets are increasingly focused on weather patterns and the size of the US fund short for fresh direction. Widespread flooding and below average temperatures in the US plains and Midwest remains a flag for growing crops, while warmer forecasted weather could compound the problem as snow-melt will add to ground moisture levels. Conversely, s...

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Managing lodging risk in cereals this spring

Lodging is described by Berry, 1998 as "The permanent displacement of plant stems from the vertical" which "occurs on average once every four years in UK wheat crops, when it reduces the yield and bread-making quality of grain." Fischer and Stapper, 1987 also report that "Lodging can reduce yields from 7 – 35%, with the greatest yield reductions oc...

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Variable crops will require a considered PGR approach this season

​Yet again a season has seemingly come at us with a fresh set of challenges. Personally, I don't think I've ever seen a 'normal' year and averages cover a lot of variability. However, we do have a challenge with this season's oilseed rape (OSR) crops and working out what to do. Autumn and winter have been both unseasonably dry and unseasonably warm...

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Mid-week market report - 13th March 2019

World wheat markets continued to move lower at the beginning of the week, extending the trend we have seen since the beginning of 2019. Speculative funds took their short positions to over 120,000 contracts in US wheat futures markets, leaving them technically very oversold and due a bounce. The funds seem driven by the poor US wheat export pace an...

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The impact of flea beetle larvae

​As if the adult population of cabbage stem flea beetle (CSFB) wasn't problematic enough last autumn when large areas of oilseed rape were written off, crops are now struggling again as they come out of winter. CSFB larvae are present in high numbers on both heavily grazed crops and even those which appeared to grow away from the pest last year. It...

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Mid-week market report - 6th March 2019

​Wheat For the first time in a while, futures markets closed yesterday slightly firmer in the UK, EU and USA despite nothing fundamentally bullish to fuel the support. In the USA, widespread freezing conditions and snow continue to cause logistical issues for the transportation of grains which has increased nearby delivered prices. However, crops u...

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Mid-week market report - 13th February 2019

Friday's USDA report threw us no real surprises in terms of global supply and demand. As a result, the market's focus returned to cash wheat prices around the world. It feels as though the pace of Russian export business is beginning to dwindle, with origins such as the USA, Ukraine and even France beginning compete. This may go some way to making ...

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  2567 Hits

Mid-week market report - 23rd January 2019

World markets were quiet on Monday as US trade closed for Martin Luther King Jr Day. This coupled with the continued government shutdown in the US means that there is still no January report from the US Department of Agriculture (USDA). This makes for slim reading of key export data which has significant influence over the old crop market at this t...

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  2742 Hits

Balgonie: an Interreg North Sea Region PARTRIDGE project

As part of my role as a Kings advisor, one of the great things I am involved with is the Balgonie grey partridge project in Fife. Balgonie features as one of 10 Interreg North Sea Region PARTRIDGE projects and, as with the work we also support at Loddington, it serves as a demonstration site and involves us working closely with the Game and Wildlif...

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Foliar feed timings seen to increase maize yields

For some people maize is perhaps seen as a somewhat less worthy crop when it comes to allocating management time and resources. Getting it in, being conservative with inputs and taking whatever yield comes along at harvest is often the order of the day. I think if more growers knew what could be achieved by pushing maize harder, they might take a d...

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The laws of physics or the rules of nature?

When I was a lad at school the laws of physics, including Newton's third rule "for every action there is an equal and opposite reaction," seemed of little consequence to me. However, as I grew up I came to realise that the laws of physics are all around us every day and life is bound inextricably to them. To a certain extent nature applies its own ...

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Don’t overlook boron in your OSR crop this autumn

Boron is a key nutrient for oilseed rape, with its main functions associated with aiding stem elongation and flowering. While these developments will happen later next spring, it is important to start addressing some of this need now before the crop enters winter.  The last thing we want is OSR coming out of the colder months with a deficiency...

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  3967 Hits

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