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March 2018 Market Report

DEFRA has reduced its 2017 UK wheat crop estimate by 325,000 mt, bringing it closer to Openfield estimate of 14.6 million tonnes. This gives further weight to our view that there is only a surplus of under 100,000 mt to be used or exported between February and June....

February 2018 Market Report

Despite the normal lack of trading around Christmas and the New Year; the UK markets have held up OK. Logistics have been an issue with still a lot of wheat being hauled from the South to the North; boats have been delayed by bad weather; also freight rates are very...