Négocier avec nous
Tous les rapports

Wide Gaps And Low Liquidity

1 min de lecture

    Les rapports de marché ne paraissent qu'en anglais. Le reste du site est disponible dans votre langue.

    Our buyers and sellers differ on a wide range of opinions, but they all agree on one thing, today's prices will probably not exist in a few weeks from now. The gap between offers and bids is getting wider as the beliefs of buyers and sellers all got boosted in the previous week. And even though we have our own speculations about the market direction, we wouldn't want to place any bets in this market. Because the nervousness on the market on both sides of the market has shown the market needs a small kick to either trade up or down. But we do feel a strong reaction from the market is around the corner. 

    In pre-GDT days business is usually slow, and yesterday was no exception. Buyers and sellers who dare to mention a price seem to build in a lot of room ensuring sellers and buyers are too far apart to come together. Butter bids and offers were roughly € 150,- apart, cheese prices a good € 200,- and on powders the gaps vary between € 50 and € 250.

    Looking at the GDT forecast SGX futures would indicate an increase of roughly 5%. We would be very surprised to see the GDT increase by this much. We discussed the potential outcome with a few different partners and the expectations differ between a minus of 2% up to an increase of 2.5%. We would be (non-surprising) on the low side of the expectation. A part from our indication would be based on anecdotal stories that the Soummam tender was closed on very competitive prices compared to EU products. Prices below € 2300,- were mentioned, and those are far from EU indications and SGX futures.

    Plus du desk

    • 13 min de lecture

      The Bull, The Bear & The Black Swan

      Last week was an intense one. When conflict erupted in the Middle East, the market's first instinct was to buy. Partners moved quickly on available offers, and by Tuesday the GDT had rallied alongside a broad bullish swing across agricultural commodity markets world wide. For a moment, it felt like the market had made up its mind. The second half of the week told a different story.

      • Récents
    • 7 min de lecture

      The Bull, The Bear and the Fairy Dust

      After another active week of trading and yet another slide in prices, we started preparing this week’s report. But beyond concluding that the market remains bearish, there are countless ways to tell the same story: more milk, more stock, slower demand, lower prices. You know the drill. So this week, we’ll skip the usual summary. Those who know us well know we have two children — Lina and Ollie.

      • Récents
    • 3 min de lecture

      The Five Phases of a Buyers Grief

      Yesterday, the market continued its bullish trajectory, driven primarily by surging spot prices for liquid products. With raw milk prices averaging €0.65, SMC prices reaching €2,550, and cream prices breaking records at €10,000 to €10,250, it’s evident that processors are fiercely competing for raw materials. This has left minimal supply available for commodity production.

      • Récents