Auto Trader Ltd
Farminguk
28 May 2016 | Online since 2003
OvoConcept


31 July 2012 09:03:38|

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





0 Comment


loginuserlogo
Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

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

World News

Canada | 27 May 2016
Southern Ontario farmers launch their own weather network

Southern Ontario farmers are building their own weather network to more accurately record how conditions will affect their crops. The AG Grower Daily Dashboard project is designed to give farmers h...


Australia | 27 May 2016
National Australia sees farmers seeking loans to weather crisis

National Australia Bank Ltd., the nation’s largest lender to farmers, is expecting its dairy clients to seek short-term credit to assist them as slumping milk prices have thrown the industry into a cr...


USA | 27 May 2016
Central Indiana county approves livestock farm restrictions

A central Indiana county has approved new restrictions on big livestock farms limiting where those farms with hundreds or thousands of animals can be built. The ordinance approved this week by the ...


Ireland | 27 May 2016
Dairy farmers' income plight in spotlight

IFA president Joe Healy, who met with EU Agriculture Commissioner Phil Hogan in Brussels, said the majority of dairy farms will be in the red this month. He urged the Commissioner to act without de...


Canada | 27 May 2016
The changing face of Canada's farm industry

Mapping the evolution of Canada's farm industry is not as simple as just examining the numbers. Every five years, Canada's federal government asks us to provide details on who lives in our househol...



Trending Now

Viewed
Discussed

Farms and Land for sale

PropertyLocation
PropertyAgent
PropertyMinimumPrice
PropertyMaximumPrice
PropertyCategory

Holiday Rentals search

AccommodationKeyword
AccommodationType
AccommodationCounty
AccommodationStarRating


Top stories you may have missed
closeicon
Username
Password