A Quick Look Around

Posted by Nogger - a legend in his own mind at 08:46 | Categorized as

14/12/11 -- The euro remains as sick as a parrot this morning, with the pound rising above 1.19 against the ailing single currency. It currently stands at a ten month low against the pound and an eleven month low against the US dollar.

Dec Chicago contracts go off the board today, so there could be some strange looking front month closes tonight.

Despite having more wheat than you could shake an excrement encrusted stick at Australia's wheat exports fell 20% to 1.2 MMT in October. That's also a 28% drop on October 2010. The Bureau of Statistics there say that almost half (3.5 MMT) of the 7.3 MMT left in store at the end of October from last year's crop was feed grade.

Ukraine's farm minister says that the country had a record clean weight harvest of 55 MMT this year, including 22.5 MMT of wheat. That's a 40% increase on last season's clean weight harvest of 39.2 MMT.

My chums at Wessex Grain are reporting a record GBP427,000 profit for the year ending July 31st I hear, with turnover up 36.6% to GBP56 million. Must be thanks to that swanky new website they got themselves I reckon. A genius the bloke that did that.