Market Alerts
- 6 December 2021
- 10:28
UK winter crops in good shape heading into winter.
Latest official UK 🇬🇧 conditions data shows 84% of the wheat crop and 90% of the barley crop in either good or excellent condition. Rapeseed is seen 78% G/ex. A similar picture is applicable for winter crops across N.Western Europe 🇪🇺, with fully 99% of French 🇫🇷 wheat in G/Ex and very high readings for Germany 🇩🇪, too. As such, with no particular risk to production levels so far, we can have more confidence that the 2022 European cereals harvest will perform to current expectations. However, Eastern Europe and Black Sea crop conditions are in less healthy shape, so we need to maintain a close eye on this region in the months ahead.
- 3 December 2021
- 18:55
ODA Market Alert: Wheat prices lost today part of yesterday’s gain as Russia 🇷🇺 finally announced more details on 2022 quotas.
There was a rumor yesterday that Russia would implement a 5Mt wheat quota for the Feb-June 2022 period. They communicated today on 9Mt, in line with our expectations. This quota will allow them to export up to 34Mt, also in line with market's expectations. It can be considered bearish, especially for old crop wheat prices. MATIF Dec21 lost €7 on the news.
- 30 November 2021
- 12:50
ODA Market Alert: Bumper Aussie 🇦🇺 crops keep getting bigger and new COVID variant threat puts sellers in the driving seat, for now…
Latest official data shows Australian wheat and canola crops setting fresh records (barley 2nd largest), despite massive recent flooding in Eastern States and earlier widespread mice plagues and frost damage. Global 🌎 wheat, corn & rapeseed fundamentals remain tight, especially for decent quality wheats, but markets don’t travel in only one direction and CBOT 🇺🇸 has dropped sharply of late as nervous traders take profits. Egypt 🇪🇬 took advantage of the dip yesterday, buying a huge 0.6Mt wheat (Rom 🇷🇴, Rus🇷🇺, UKr🇺🇦). Price volatility will likely persist in the short-term.
- 29 November 2021
- 10:13
ODA Market Alert: Prices to rebound following last week’s tumble?
The new COVID-19 Omicron variant was the trigger for a fall in global commodities and financial markets last week. Panic sales took all prices strongly down. This morning, they appear to be rebounding, with crude oil up 5% and CBOT up in the night session. Fundamentals remain tight for our markets, however the global situation remains fragile on economic, geopolitical and sanitary levels. Prices should remain very volatile and markets very nervous. But we do not foresee any urgent reason to make any additional sales at this stage. We will continue to assess the situation and advise in due course, should any strong bearish signals appear.
- 26 November 2021
- 9:31
ODA Market Alert: Outside markets recoil on COVID variant & inflation risks. Financial & commodity markets down.
A bout of ‘fear’ has switched market sentiment to the negative in the last 48 hrs. Risk is on again. A new, aggressive strain of COVID is sweeping through S.Africa 🇿🇦 and with radical lockdown measures in Europe 🇪🇺 and a predicted higher interest rate environment ahead, markets have been spooked. Crude oil is down 4.6%. Financial markets are consolidating strongly. Commodity prices of all flavours are likely to struggle under this environment. Outside markets are an important influencer in our grain markets. World (& UK) grain fundamentals remain supportive, but outside markets are not currently ‘on our side’.
- 23 November 2021
- 18:59
Market Alert: Prices soar again amid new bullish news…
Rains during harvest in Australia 🇦🇺, flooding in Western Canada 🇨🇦 and the great uncertainty over Russian 🇷🇺 exports (quotas + potential conflict with Ukraine 🇺🇦) are allowing wheat prices to reach new historical highs. MATIF is now trading above €310 and LIFFE closed today at £241! Despite high prices, world demand for milling wheat remains very strong. The short term situation is buoyant, we recommend to hold on any new sales until further notice.
- 22 November 2021
- 8:37
ODA Market Alert: Wheat prices remain firm. Oilseeds are weakening.
We know that the global 🌎 milling wheat situation is already tight. Fears of quality deterioration in Australia 🇦🇺, potential quotas on Russian 🇷🇺 wheat exports, combine with a very strong pace of imports (Turkey 🇹🇷, Egypt 🇪🇬, Iraq 🇮🇶, Saudi Arabia 🇸🇦, Algeria🇩🇿, China 🇨🇳...) are adding to the current upbeat market sentiment. Rumours that China may buy more French 🇫🇷 wheat could we push prices above €300/t on MATIF. Conversely, COVID-19 resurgence is forcing crude oil prices down and OSR has been following this trend. In this context, we foresee volatility to remain very strong and fresh records could be achieved in the grain complex.
- 22 November 2021
- 8:31
ODA Market Alert: Wheat prices remain firm. Oilseeds are weakening.
We know that the global 🌎 milling wheat situation is already tight. Fears of quality deterioration in Australia 🇦🇺, potential quotas on Russian 🇷🇺 wheat exports, combine with a very strong pace of imports (Turkey 🇹🇷, Egypt 🇪🇬, Iraq 🇮🇶, Saudi Arabia 🇸🇦, Algeria🇩🇿, China 🇨🇳...) are adding to the current upbeat market sentiment. Rumours that China may buy more French 🇫🇷 wheat could we push prices above €300/t on MATIF. Conversely, COVID-19 resurgence is forcing crude oil prices down and OSR has been following this trend. In this context, we foresee volatility to remain very strong and fresh records could be achieved in the grain complex.
Weekly market editorial View all
COVID 1 – FUNDAMENTALS 0
Very strong fundamentals have taken grain and oilseeds prices to unprecedented levels in our regions. Since harvest, prices had done nothing but climb. However, what goes up needs to go down at some time. Funds and traders were all looking for a trigger to take their profits. The selling signal came from outside... So what's next for our prices?
Read moreEvents & Training
ODA LEARNING EXPERIENCE
«GRAIN MARKETING & PRICE RISK MANAGEMENT»
MAKE INFORMED DECISIONS TO INCREASE YOUR FARM PROFITABILITY
Two online sessions of 2h each to improve your market expertise.
RegisterLiffe Feed Wheat 
| unk1 | Contract | Month | Last | unk2 | unk3 | Chg | Open | High | Low | Volume | OpenInt | Exchange | Date | Time | Title | File |
| t-ice | WHEAT | Jan '22 | 226.80y | 226.80 | y | 20 | ICE | 12/07/21 | 13:00:00 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | |||||
| t-ice | WHEAT | Mar '22 | 229.25y | 229.25 | y | 59 | ICE | 12/07/21 | 13:00:00 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | |||||
| t-ice | WHEAT | May '22 | 229.00 | 229.00 | -1.50 | 230.25 | 230.25 | 229.00 | 45 | 7211 | ICE | 12/08/21 | 13:19:37 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | |
| t-ice | WHEAT | Jul '22 | 219.65y | 219.65 | y | ICE | 12/07/21 | 13:00:00 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | ||||||
| t-ice | WHEAT | Nov '22 | 205.00 | 205.00 | 1.00 | 203.25 | 205.00 | 203.25 | 65 | 4448 | ICE | 12/08/21 | 12:50:08 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | |
| t-ice | WHEAT | Jan '23 | 204.85y | 204.85 | y | ICE | 12/07/21 | 13:00:00 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | ||||||
| t-ice | WHEAT | Mar '23 | 205.35y | 205.35 | y | ICE | 12/07/21 | 13:00:00 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | ||||||
| t-ice | WHEAT | May '23 | 205.90y | 205.90 | y | ICE | 12/07/21 | 13:00:00 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | ||||||
| t-ice | WHEAT | Jul '23 | 198.85y | 198.85 | y | ICE | 12/07/21 | 13:00:00 | LONDON FEED WHEAT | LONDON_FEED_WHEAT | ||||||
| t-ice | WHEAT | Nov '23 | 184.00 | 184.00 | -2.25 | 184.00 | 184.00 | 184.00 | 6 | 46 | ICE | 12/08/21 | 12:36:25 | LONDON FEED WHEAT | LONDON_FEED_WHEAT |
Training, Information & Advice
-
Price Risk Management
In an ever changing world, farmers need a better understanding of market volatility to optimise returns and manage their price risks.
-
Grain Marketing Consultancy
ODA captures and analyses global as well as local market information. Work with ODA to improve your grain sales performance and limit your risks.
-
How can ODA help you today ?
Join us today, we can save you time and inform your decisions. Become part of the ODA community of farmers and improve your grain marketing.
