Feed grains complex focus on maize in the UK: Grain market daily

Published 2024년 12월 4일

Tridge summary

The article examines the maize market's influence on UK feed wheat futures, highlighting a downward trend in Paris maize futures for March 2025 due to harvest pressures and better weather in South America. While increased maize imports to the EU and Mexico have mitigated price drops, reduced imports by China introduce market uncertainty. Although the potential for price hikes is limited, future Chinese imports might bolster prices. Additionally, US farmers' potential increase in maize planting could exert further downward pressure, with speculators adopting net short positions, suggesting continued bearish trends that may affect UK feed wheat prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sign up to receive the Weekly Market Report and Grain Market Daily from AHDB. The feed grain complex is now at a crossroad and the main reason for this is the supply and demand of maize. We’ve recently produced analysis on the influence of Paris maize futures on UK feed wheat futures. In this article, we take a further look at what may be impacting maize markets going forward and what impact that could have on UK feed wheat markets. Historically, Paris maize futures (March contract for the coming year) are mainly stable in December and January. For the current marketing year, the Mar-25 Paris maize futures contract shows a declining trend from October 2024. This is due to harvest pressure from the northern hemisphere and improving weather conditions in South America. The active import of maize to the EU and Mexico in the 2024/25 season has somewhat limited the decline in maize prices. In fact, total US maize exports to Mexico from the start of the 2024/25 season for US maize (1 ...

Source: Ahdb