World Grain - November 2018 - 59

GRAIN
MARKET

FEATURE

Impact of weather, politics discussed at annual AHDB Conference
by Chris Lyddon

T

he effect of the weather on crops worldwide,
with markets tightening after a challenging year
for producers, along with the massive distortions created by Chinese tariffs on U.S. soybeans, were
covered in detail by experts at the annual Agricultural
and Horticultural Development Board's (AHDB)
Grain Market Outlook Conference 2018 on Oct. 16 in
London, England.
'HOHJDWHVDOVRKHDUGKRZ8.DJULFXOWXUHRI¿FLDOV
are planning for the period after the U.K. is due to leave
the European Union next March.
Paul Temple, chairman of AHDB Cereals & Oilseeds
Board, suggested the weather had created "fascinating
new wheat dynamics," and wondered if extremes were
the "new norm."
Seth Meyer, chair of the U.S. Department of
Agriculture's World Agricultural Outlook Board, went
into detail on the dynamics of the market.
"Consumption is going to exceed production on the
grains side," he said.

www.World-Grain.com / World Grain / November 2018

For 2018-19, grains and oilseeds prices are well down
compared to 2017-18, but wheat has at least recovered
since last year. Wheat production had come down a bit.
"That's why you see the market tightening up a bit,"
he said. "The market is paying a lot of attention to when
the Russians will stop exporting. They have to slow
down, which will allow the U.S. and others to pick up in
the second half of the year. The market is very sensitive
to whether or not the Russians will take action."
Turning to prospects for the Australian wheat crop,
he noted poor conditions in the eastern part of the
country.
"There's been a tremendous spread between U.S.
and Australian prices, an indication that that's a smaller
crop," he said.
On the U.S. balance sheet for wheat, he predicted
increased exports, because U.S. wheat was likely to become more competitive as Russia slows down.
"Wheat is looking more favorable into the coming
year," he said.

Conference
atttendees listen
to Rabobank's
Chris Clack at the
2018 Agricultural
and Horticultural
Development Board
Grain Market Outlook
Conference. Photos
by Chris Lyddon.

59



http://www.World-Grain.com

World Grain - November 2018

Table of Contents for the Digital Edition of World Grain - November 2018

World Grain - November 2018
Contents
FROM THE EDITOR - Wheat genome breakthrough worth the wait
CALENDAR OF EVENTS
Canadian Crops Convention brings together symposium, canola event
News review - Bowe: Lansing deal ‘significantly expands’ presence in ag market
Australian wheat production, exports forecast to be lowest in 11 years
Rank Hovis to sell two flour mills to Whitworth Bros.
Nibulon debuts grain lab at Mykolaiv terminal
Cargill opens new shrimp feed mill in Ecuador
Cargill earnings, sales both climb 5% in quarter
Ardent Mills profit eases in first quarter
The Andersons adds to specialty grains business
USDA lowers forecast for corn, soybean production
Canada agrees to reworked NAFTA deal
Louis Dreyfus remains ‘resilient’ in face of earnings decline
IRRI opens regional office in Africa
GRAIN MARKET REVIEW - Wheat
COUNTRY FOCUS - Vietnam
TECHNICAL PROFILE: A BAGUETTE UNIQUE TO VIETNAM
FEATURE: GRAIN SUPPLIES TIGHTEN
FEATURE: UNCERTAIN TIMES FOR U.K. FLOUR MILLERS
FEATURE: GRAIN MARKET DYNAMICS CHANGING
FEATURE: AFRICA’S GROWING AQUAFEED MARKET
MILLING OPERATIONS - Utilizing granulation curves
FEATURE: INDIA’S SOYMEAL CONUNDRUM
GRAIN OPERATIONS - Managing stored grain long term
FEATURE - DROUGHT IN 2019 TO SHIFT TO LOWER LATITUDES
TECHNICAL PROFILE - TITANIUM-COATED ROLLS
SUPPLIER NEWS
World Grain - November 2018 - World Grain - November 2018
World Grain - November 2018 - World Grain - November 2018
World Grain - November 2018 - 2
World Grain - November 2018 - 3
World Grain - November 2018 - 4
World Grain - November 2018 - Contents
World Grain - November 2018 - FROM THE EDITOR - Wheat genome breakthrough worth the wait
World Grain - November 2018 - 7
World Grain - November 2018 - Canadian Crops Convention brings together symposium, canola event
World Grain - November 2018 - 9
World Grain - November 2018 - News review - Bowe: Lansing deal ‘significantly expands’ presence in ag market
World Grain - November 2018 - Australian wheat production, exports forecast to be lowest in 11 years
World Grain - November 2018 - Rank Hovis to sell two flour mills to Whitworth Bros.
World Grain - November 2018 - 13
World Grain - November 2018 - Cargill opens new shrimp feed mill in Ecuador
World Grain - November 2018 - Ardent Mills profit eases in first quarter
World Grain - November 2018 - USDA lowers forecast for corn, soybean production
World Grain - November 2018 - Canada agrees to reworked NAFTA deal
World Grain - November 2018 - Louis Dreyfus remains ‘resilient’ in face of earnings decline
World Grain - November 2018 - IRRI opens regional office in Africa
World Grain - November 2018 - GRAIN MARKET REVIEW - Wheat
World Grain - November 2018 - 21
World Grain - November 2018 - COUNTRY FOCUS - Vietnam
World Grain - November 2018 - 23
World Grain - November 2018 - 24
World Grain - November 2018 - 25
World Grain - November 2018 - TECHNICAL PROFILE: A BAGUETTE UNIQUE TO VIETNAM
World Grain - November 2018 - 27
World Grain - November 2018 - 28
World Grain - November 2018 - 29
World Grain - November 2018 - FEATURE: GRAIN SUPPLIES TIGHTEN
World Grain - November 2018 - 31
World Grain - November 2018 - 32
World Grain - November 2018 - 33
World Grain - November 2018 - 34
World Grain - November 2018 - 35
World Grain - November 2018 - 36
World Grain - November 2018 - 37
World Grain - November 2018 - 38
World Grain - November 2018 - 39
World Grain - November 2018 - 40
World Grain - November 2018 - 41
World Grain - November 2018 - 42
World Grain - November 2018 - 43
World Grain - November 2018 - FEATURE: UNCERTAIN TIMES FOR U.K. FLOUR MILLERS
World Grain - November 2018 - 45
World Grain - November 2018 - 46
World Grain - November 2018 - 47
World Grain - November 2018 - 48
World Grain - November 2018 - 49
World Grain - November 2018 - 50
World Grain - November 2018 - Muhlenchemie - 1
World Grain - November 2018 - Muhlenchemie - 2
World Grain - November 2018 - Muhlenchemie - 3
World Grain - November 2018 - Muhlenchemie - 4
World Grain - November 2018 - Muhlenchemie - 5
World Grain - November 2018 - Muhlenchemie - 6
World Grain - November 2018 - Muhlenchemie - 7
World Grain - November 2018 - Muhlenchemie - 8
World Grain - November 2018 - FEATURE: GRAIN MARKET DYNAMICS CHANGING
World Grain - November 2018 - 60
World Grain - November 2018 - 61
World Grain - November 2018 - 62
World Grain - November 2018 - 63
World Grain - November 2018 - 64
World Grain - November 2018 - 65
World Grain - November 2018 - 66
World Grain - November 2018 - 67
World Grain - November 2018 - FEATURE: AFRICA’S GROWING AQUAFEED MARKET
World Grain - November 2018 - 69
World Grain - November 2018 - 70
World Grain - November 2018 - 71
World Grain - November 2018 - 72
World Grain - November 2018 - 73
World Grain - November 2018 - 74
World Grain - November 2018 - 75
World Grain - November 2018 - MILLING OPERATIONS - Utilizing granulation curves
World Grain - November 2018 - 77
World Grain - November 2018 - 78
World Grain - November 2018 - 79
World Grain - November 2018 - FEATURE: INDIA’S SOYMEAL CONUNDRUM
World Grain - November 2018 - 81
World Grain - November 2018 - 82
World Grain - November 2018 - 83
World Grain - November 2018 - 84
World Grain - November 2018 - 85
World Grain - November 2018 - 86
World Grain - November 2018 - 87
World Grain - November 2018 - GRAIN OPERATIONS - Managing stored grain long term
World Grain - November 2018 - 89
World Grain - November 2018 - 90
World Grain - November 2018 - 91
World Grain - November 2018 - 92
World Grain - November 2018 - 93
World Grain - November 2018 - FEATURE - DROUGHT IN 2019 TO SHIFT TO LOWER LATITUDES
World Grain - November 2018 - 95
World Grain - November 2018 - TECHNICAL PROFILE - TITANIUM-COATED ROLLS
World Grain - November 2018 - 97
World Grain - November 2018 - SUPPLIER NEWS
World Grain - November 2018 - 99
World Grain - November 2018 - 100
World Grain - November 2018 - 101
World Grain - November 2018 - 102
World Grain - November 2018 - 103
World Grain - November 2018 - 104
World Grain - November 2018 - 105
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http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com