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Straights Update

MARKET REPORT - 3rd July 2019 - Currency - £/$ 1.2581  £/Euro 1.1132

Although US corn and soybean planting have been the slowest on record, last week’s USDA acreage report pegged planted corn acres higher than expectations although soybeans were below; however the markets seem reluctant to trust these numbers and are looking to the August report for more accurate figures.  The markets weren’t set on fire by the impending resumption of trade talks following the meeting of Presidents Trump and Xi at the G20 summit.  The likelihood of a quick solution is remote and the amount of soya that China will require will be limited following the decimation of pig herds since ASF swept through.  Sterling has taken a hit as the markets chew over the outcome with both PM candidates advocating their willingness to head for a no deal Brexit if there is no agreement by the 31st October.  

Worth a look – Milk Powder (£50 discount), Maxammon treatment, caustic soda prills, calcium soaps/C16s – most fats are now down in price for July

MolePlus

After a month of fuel prices declining, oil rose more than $1 a barrel on Monday after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months. However, oil prices slipped a little on Tuesday as concerns that the global economy could be slowing outweighed this agreement. March. U.S. crude oil stockpiles are also falling for a third consecutive week. 
 

The forecast for today is: BUY  - please call MolePLus: Tel 01769 576201

 
 
PLATTS INDICES
Monday 1st July
Monday 24th June
Monday 17th June
Kerosene PPL
41.07
39.94
38.12
GasOil PPL
51.17
49.99
48.23
Diesel PPL
98.72
97.53
95.77
 
 

SOUTHERN PORT GUIDE PRICES

Please call your local trading office for an accurate quotation as these are guide only and may vary in your region. Any opinions expressed are subject to change without notice.

 3rd July 2019
Jul – Oct
Nov – April 20
May-Oct 20
Hipro Soya
303/298
306.00
-
Price change since
3rd July 2019
-14/-13
-11
-
Rapemeal
Ex South Coast
201.00
211/221
225.00
Price change since
3rd July 2019
-7
-6/-1
-
Soya Hulls
155.00
161.00
 
Price change since
3rd July 2019
-2
0
 
Sugar Beet
191.00
173.00
 
Price change since
3rd July 2019
+3
+3
 
Maize Dist
ASA 211
213.00
218.00
Price change since
3rd July 2019
0
0
0
Wheat Gluten
164.00
 171.00
 
Price change since
3rd July 2019
0
+2
 
Maize Gluten
188.00
188.00
192.00
Price change since
3rd July 2019
-4
-11
 
Whole Maize
181.00
181.00
 
Price change since
3rd July 2019
-1
-1
 
Plus £10 ground
Rapemeal
Ex Erith
180.00
193/200
 
Price change since
3rd July 2019
-7
-7/-7
 
Palm Kernal
asa 141/139
138.00
138.00
Price change since 3rd July 2019
-2
0
-1
 
 
 
 
 
 
 
 
 
 
 
   
 
 
 
 

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