ADMISI London Wheat Report for 25 May

Source: Future Source 

US Corn led the way as it was sold off aggressively in the main session on the back of favourable US growing conditions coupled with a brisk planting campaign. Corn planting seen at 90% complete, vs 80% last week and 80% five-year average.

Corn front month continuation seen below.

Source: Reuters 

Whilst Soybeans also shared positive planting progress, this market was sheltered from similar losses with global vegoil prices on the rise as concerns persist over tight stocks.

Monitoring Agricultural ResourceS (MARS) in their latest forecast saw the EUs expected yield at 5.91 tonnes / hectare, up from 5.86 t/ha in April. This is 3.9% higher than the 5 year average. The EUs barley yield was seen at 4.89 t/ha, up from 4.86 t/ha expected in April. The EUs rapeseed yield was raised to 3.21 t/ha from 3.19 t/ha in April.

Contact the ADMISI Grains and Oilseeds Derivatives Brokerage team

Hanne Bell & Ryan Easterbrook

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

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© 2021 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.

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