Grain Trading
InVivo Group to acquire Soufflet
Two of France’s largest grain trading businesses, both with international reach, are in exclusive negotiations over a potential merger, subject to shareholder and regulatory approvals. The InVivo Group co-operative is proposing to acquire 100% of the family owned...
Premium for Budweiser’s Explorer barley contract
The closed supply chain procuring Explorer spring barley for Budweiser’s UK brewing operations – now in its seventh year – is guaranteeing growers a minimum premium for the first time. Seed for Explorer, bred by Secobra in France, is available to contracted growers...
Tilbury ships oilseeds direct to ADM Erith
UK oilseed crusher ADM Erith is now receiving imported rapeseed via the River Thames from the Port of Tilbury, which saves the need for road transport. The two businesses have launched a twice-daily coastal barge operation to deliver oilseed rape from the port’s grain...
WASDE drives further cereal and soya price rises
This week’s downgrading of global crop production and stocks estimates has helped strengthen wheat, corn and soybean values which were already at six-year highs. The January World Agricultural Supply and Demand Estimates (WASDE), the monthly series of reports from the...
Openfield Group in profit for third year
The Openfield Group of arable marketing businesses has reported a surplus in the year ended June 30th 2020, its third consecutive year of profitability. Figures for subsidiary Openfield Agriculture are not published yet. The farmer-owned Group has reported a pre-tax...
Strong world market and weak pound bolster wheat values
A rising world market and a cheap pound mean a strong start to 2020 for wheat trading. Relief that a deal was reached with the EU has helped positive sentiment. “We are in a very lucrative and very exciting market,” Stuart Attridge, trader at Harlow Agricultural...