Week Commencing 16th July
Grain Values & Dairy Protests.......
.......in a week where US Corn has hit record highs & UK dairy farmers are on a national protest.
The further upside in grain values has to be questioned. After all we have to feed the stuff to something!
Rumours are rife this morning that China
, the USA's largest commodity customer, has resold some US corn that hasn't yet been shipped
. Creating upset
within the US markets and limiting the current upside
. I don't think this is going to be the tipping point yet...... but crops in the Ukraine
look significantly better. There is rain forecast in the US Midwest
for next week and UK
weather has also started to pick up..... so who knows.
The UK Bio-fuels industry
was dealt another blow as Vivergo
have now moved their estimated start time back to January 2013
, siting "commissioning issues" as the reason, Ensus
is apparently primed & readied, but with little sign of action yet. Perhaps both are "waiting for market conditions to suit".
Should the US reduce its biofuel mandate
, as speculated due to excess corn prices, the world ethanol market would collapse, as would the maize and wheat values
The drop in farm gate milk values & protests following
seem to be creating some positive press, getting national news coverage
and celebrity endorsement
is trending nationally on twitter
and facebook is covered in pictures and posters supporting the cause. I think this is definitely getting through to the general public & is creating the correct image! Fingers crossed it will get the desired result!!!
For up to date market information & commentary by an independent trader see www.Nogger.co.uk
. For up to date agricultural news see http://www.agrimoney.com/