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ADMISI London Wheat Report for 25 August

London Wheat Report

Source: FutureSource 

Ags mixed in today’s trade, to slightly lower across the board, getting sold off into the close. Perhaps the trade got a little ahead of themselves with yesterday’s ProFarmer yield findings.

The looming recession is a hot topic leading to question marks over the demand for food and energy. We’ve seen some decent US soybean export sales this week, apparently due to profitable hog feeding margins in China, but with a stream of poor economic data coming out of China this does make you question any further expansion.

India’s cabinet has approved a policy to restrict wheat flour exports, in an effort to calm prices in the local market. The ban on wheat exports boosted demand for Indian wheat flour and the country’s flour exports jumped 200% during April-July 2022 from a year ago and lifted prices in the local market, the government said.

FranceAgrimer’s latest analysis of the French wheat crop points to weaker protein levels than in the initial samples. 27% of soft wheat analysed so far came below 11% protein content, often a minimum standard for milling markets, compared with 24% in initial results published last week. Last year, just 5% of the soft wheat crop showed protein below 11%. For spec weights Some 87% of the crop analysed so far was above the 76 kilo per hectolitre level, compared with 85% a week earlier and just 31% in last year’s harvest.

Contact the ADMISI Grains and Oilseeds Derivatives Brokerage team

Hanne Bell, Ryan Easterbrook, Dominic Enston and Aaron Stockley-Isted

Phone: +44 (0)20 7716 8477  or  +44 (0)20 7716 8140      Email: intl.grains@admisi.com

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest.  If necessary, seek independent financial advice.  ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG. A subsidiary of Archer Daniels Midland Company.

© 2022 ADM Investor Services International Limited

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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