26 April 2015 | Online since 2003



EU grain market report - 31st July 2012


EU grains finished sharply higher with Nov 12 London wheat up GBP4.50/tonne to GBP187.25/tonne and Nov 12 Paris wheat EUR4.50/tonne firmer at EUR262.50/tonne.

European crop concerns, at least over quality, are adding to the realisation that sharply lower Black Sea output for the second year in three means that they are not going to be the force to be reckoned with that they were in 2011/12.

Despite mopping up a flurry of recent tenders it is looking increasingly likely that Russia, Kazakhstan and Ukraine will be hanging up the sold out signs much earlier than normal this season, despite the Ukraine Ministry saying that they have carried over around 10 MMT of grain from last season into this new crop.

The non-cooperative European weather across the winter and spring/early summer is also raising doubts over production prospects here.

On Friday the HGCA reported: "Winter wheat quality could be very variable this season. There are increasing levels of fusarium in crops which could result in high levels of mycotoxins along with shrivelled grain and low specific weight. Low Hagberg Falling numbers, normally associated with delays in harvest, may also be prevalent due to the low temperatures during grain fill. Protein levels are very site and management dependent."

There are potential problem areas too for barley, with highly variable crops being reported. Already I have heard of everything from "the best crop I've ever harvested" to "one of my worst in recent years" amongst the early barley harvest.

In addition the HGCA report "Oilseed rape yields are unlikely to reach the record yields of 2011 due primarily to high levels of lodging." I think we can already say with confidence that yields will be well below last season.

The same yield and disease problems are likely to be replicated in Germany and possibly northern France too.

Algeria has announced a tender for wheat. It will be interesting to see if that gets filled by France, which is what you would normally expect, as a barometer to test if EU wheat prices are still competitive into north Africa.

Download




Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


16 April 2015
Driver's Mate
Driver's mate required for Wholesaler distributing produce to customers in and around Yorkshire & Lancashire. This involves p...

21 April 2015
Plant Mechanics
Mervyn Lambert Plant was established in 1969 when Mervyn left the family farm in Norfolk after saving up to buy a secondhand ...

13 April 2015
Part time- Do you love animals?
Working on a busy farm, you will be required to ensure animals are fed, watered, cleaned out and that their welfare is monito...

13 April 2015
7.5 Tonne multi drop driver
Bridge farm dairy - Coppull, Lancashire. 7.5 Tonne driver for multi-drop deliveries Manchester area....

13 April 2015
Loader
This role is permanent, working 48 hours per week Monday to Saturday, starting at 6am. Duties include: · Safe loading and unl...



Top stories you may have missed
10 April 2015 | Agri Safety

The permanent eradication of Bovine Viral Diarrhoea [BVD] in Scottish cattl...


10 April 2015 | Dairy

The abolition of milk quotas in Europe on 1st April has resulted in a numbe...


10 April 2015 | Cattle

The top 14 milk producing countries in Europe will increase their productio...


10 April 2015 | News

Matt Ware is the NFU's head of government and parliamentary affairs, based ...


10 April 2015 | Arable

There is a 'desperate need' to improve farmgate returns given low incomes a...


9 April 2015 | Arable

Rapid stem extension, after a slow start to spring, is likely to create spl...


9 April 2015 | Finance

The time has come for landlords to expect to see reductions in farm rents, ...


8 April 2015 | Cattle

Cogent’s reputation as a source of the highest calibre sires has been enhan...


8 April 2015 | Arable

The spread of exotic and aggressive strains of a plant fungus is presenting...


7 April 2015 | Animal Health

The FSA’s new Food Crime Unit wants the industry to share information, some...