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Fading Chinese optimism weighs on markets

There was little movement in UK feed wheat futures as earlier optimism about Chinese purchases of US soyabeans faded. Following comments by US President Donald Trump suggesting China may increase…

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New precision tech from PTx Trimble

PTx Trimble used Agritechnica to launch a range of precision farming and automation systems. OutRun retrofit technology, currently compatible with John Deere 8R machines with the…

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Fading Chinese optimism weighs on markets

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There was little movement in UK feed wheat futures as earlier optimism about Chinese purchases of US soyabeans faded. Following comments by US President Donald Trump suggesting China may increase purchases of US soya beans and other farm goods, prices lifted at the start of the week. However, the mood swing pushed markets down slightly. The latest AHDB Grain Market Daily shows the May-26 wheat futures at £177.00/t, with the Nov-26 contract also steady at £179.25/t. China purchased significant quantities from Brazil, most of which have been shipped. Competitive Black Sea grain exports also helped suppress markets. As traders weighed…