26 May 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


5 May 2015
Temp - Perm Counterbalance Forklift
Working on a farm for a busy pack house. Our client based in Sittingbourne is looking for a Counterbalance forklift driver to...

8 May 2015
Apprentice Herdsperson
Actively interested in Dairy Farming. Have an interest in Dairy Cows. Milking – helping with the day to day management of dai...

19 May 2015
Kitchen Porter
For example, nut, dairy or wheat allergies. We currently have an opportunity for a Kitchen Porter to join our team in the kit...

5 May 2015
General Manager
Develop your skills by preparing and serving a great range of delicious grills, spit roasts, farm assured chicken and fish......

19 May 2015
Agriculture Solicitor
One of the leading Agriculture teams, listed on the Legal 500 and recommended by Chambers & Partners, are looking to brin...



Top stories you may have missed
15 May 2015 | Arable

Scotland’s Rural Affairs Secretary Richard Lochhead is calling on the Europ...


15 May 2015 | Finance

As the country settles down following the turmoil of the general election, ...


14 May 2015 | Animal Health

New research from the Universities of Bristol and Cambridge has found that ...


13 May 2015 | Animal Health

A new publication to help farmers prevent sheep lameness and offer advice o...


12 May 2015 | Agri Safety

The Farmers’ Union of Wales is putting the spotlight on Liver fluke at next...


5 May 2015 | News

The UK is now third in the global rankings for utility-scale solar energy a...


29 April 2015 | Agri Safety

A recent Rural Watch demonstration and information event gave Farmers’ Unio...


24 April 2015 | Meat Processing

Retailers should confirm their commitments to sourcing UK lamb this season,...


15 April 2015 | Meat Processing

A leading retailer has apologised after selling imported lamb in a Borders ...


9 April 2015 | Finance

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