Grainlink - Grain Trading & Agricultural Supplies

 

We offer the complete Grain Marketing Solution for the UK Cereal Grower & Consumer, thus giving peace of mind and price protection in today's volatile commodity markets.

We operate the latest commodity trading software systems, have a fully fitted TASSC accredited approved Laboratory, for extremely accurate analysis of all Grains, Oilseeds and Pulses. With our live streaming price updates and agricultural news stories our price quoting service for spot/forward selling and purchasing of all Grains Oilseeds and Pulses gives you access to the most recent developments affecting commodity prices and enables maximum market awareness when selling or buying your commodities.

Our extensive range of growing contracts can form a strategic role in the risk management strategy of your business, to discuss all the risk management tools available to you please contact one of the trading team direct on 01939 210500.

We can offer bespoke financial packages for growers/organisations to suit personal requirements.

A Division of Wynnstay Group Plc

Latest Market Reports

CBOT Market Report

29/06/16 -- Soycomplex: Soybeans closed lower and meal higher. Traders are jockeying for position ahead of tomorrow's acreage report. Guesses for that vary from 82.632 to 85.7 and average 83.834 million acres. The March figure was 82.236 million. A Bloomberg survey predicts June 1 US soybean stocks to be 0.831 billion bushels on average. Strong demand sees the trade anticipating another round of robust export sales tomorrow. Trade estimates for these are 500,000 to 800,000 MT of old crop, and 600,000 to 800,000 MT of new crop. Stats Canada pegged the 2016/17 Canadian canola acreage at 20.02 million acres, up from their March estimate of 19.35 million acres. Jul 16 Soybeans settled at $11.44 1/2, down 6 cents; Nov 16 Soybeans settled at $11.12 1/2, down 7 3/4 cents; Jul 16 Soybean Meal settled at $397.10, up $4.70; Jul 16 Soybean Oil settled at 30.82, down 29 points.

Corn: The corn market finished the day sharply lower. A wetter outlook for the Midwest and book squaring ahead of tomorrow's USDA report was enough to take the shine off corn. Guesses for acreage tomorrow vary from 91.5 to 94 million acres. The March figure was 93.601 million. The average guess for June 1 US corn stocks sits at 4.52 billion bushels in a Bloomberg survey. Good weekly export sales are expected tomorrow, at 700,000 MT to 1.0 MMT for old crop corn, and from 300,000 to 450,000 MT for new crop. The Arg Ag Min said that corn plantings there might rise 20% next year due to new government rules on exports, the trade think that +30% could be on the cards. Seed merchants say that sales for 2016/17 are already running at around 60-70% versus only 10% this time last year under the old Macri government. South Africa's CEC estimates the corn crop there at 7.16 MMT and 2016/17 imports at 3.8 MMT. Jul 16 Corn settled at $3.72 3/4, down 12 1/2 cents; Sep 16 Corn settled at $3.77 3/4, down 11 cents.

Wheat: The wheat market closed lower. In a Bloomberg survey, June 1 US wheat stocks are estimated to be 0.983 billion bushels on average in tomorrow's USDA report. Stats Canada estimated 2016 Canadian all-wheat plantings at 23.18 million acres this morning. That was down from its March estimate of 23.85 million acres, and smaller than the average pre-report trade analyst estimate of 23.4 million acres. Russia said that they had harvested 2.1 MMT of grains so far with average yields at 4.36 MT/ha (3.98 MT/ha in 2015). ProZerno said the country would export 34.8 MMT of grains in 2015/16 rising to 36.7 MMT in 2016/17 - the latter including more than 26 MMT of wheat. Jordan bought 100,000 MT of optional origin hard wheat at $204.50 C&F for Dec/Jan shipment. Trade estimates for tomorrow's weekly export sales report are 300-500,000 MT. Jul 16 CBOT Wheat settled at $4.29 1/2, down 14 1/4 cents; Jul 16 KCBT Wheat settled at $4.00, down 8 3/4 cents; Sep 16 MGEX Wheat settled at $5.06, down 7 1/4 cents.

EU Market Report

29/06/16 -- EU grains traded lower into the close Wednesday despite wet weather woes in Europe continuing to cause concern.

The day ended with Jul 16 London down GBP0.75/tonne at GBP109.00/tonne, Sep 16 Paris wheat was down EUR3.00/tonne at EUR156.75/tonne, Aug corn shed EUR0.50/tonne to EUR176.75/tonne and Aug 16 rapeseed was down EUR1.00/tonne to EUR358.50/tonne.

French analysts Agritel say that the results of the early French barley harvest confirm worries about the quality of the crop there.

The HGCA touched on the current plight of the EU barley crop, citing possible downgrades to malting barley causing an abundance of feed grade barley this year driving the differential between wheat and barley much wider levels than normal.

"The discount of UK feed barley compared with UK feed wheat for September was recently priced at £16/tonne, which is substantially more than we’ve seen this spring and the highest since last July. If concerns over the French barley crop materialise into increased proportions of feed barley relative to feed wheat supplies, this discount could grow even further," they said.

UK traders will be starting to get nervous too (especially any that tuned into Channel 4 to watch the racing from Newmarket in Saturday where the rain was so heavy only the last half furlong was visible). Could we be in for another year where there's a dearth of quality wheat available?

French wheat good to very good crop conditions have dropped 14 points in the last six weeks, and French spring barley conditions fell 10 points last week alone!

That doesn't necessarily paint a bullish picture for London feed wheat even if the outlook for the pound is lower - an abundance of cheap feed only grade wheat and barley looking for homes in 2016/17.

Another season of aggressive marketing from Russia and Ukraine isn't bullish either. Russia said that they'd already harvested more than 2 MMT of grain so far this season and early yields are up 10% at 4.36 MT/ha.

Russian analysts ProZerno said that the country would finish 2015/16 exporting 10% more grain than a year ago at 34.8 MMT, and that this figure would rise another 5.5% in 2016/17 to a record 36.7 MMT. Of that total wheat will account for over 26 MMT, they estimate.

Russia and Ukraine might ship out 2-3 MMT each of grains in July, a large proportion of which will be wheat, according to Agritel.

Tunisia are in the market tendering for 159,000 milling wheat, 109,000 MT durum and 100,000 MT of feed barley.

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trade assurance scheme for combined crops