EU grains market report - 17th July 2012
The situation in the Black Sea is going from bad to worse.
Agritel now forecast wheat production in Ukraine down 41% to 12.90 MMT, with Russia's down 17% to 45.88 MMT and Kazakhstan's seen falling 48% to 11.90 MMT.
Exports are also forecast to slump alarmingly, with Ukraine only expected to ship 3.6 MMT of wheat this season, Russia 11.0 MMT and the Kazakh's 5.6 MMT.
The UK's economic prospects took another hit after the The International Monetary Fund said that growth here will only be 0.2% in 2012, a cut from their previous forecast of 0.8%, substantially worse even that Spain or Italy.
The US remains hot & dry. "Temperatures today and tomorrow are predicted near 100 F (37.8 C) today and tomorrow in the Midwest corn and soybean belt, but sharp cooling is predicted Wednesday and Thursday when the jet stream carves out a trough in the Great Lakes – Eastern Midwest" say Martell Crop Projections.
No comments posted yet. Be the first to post a comment
Please enter your name
Please enter your comment
Your comment submitted successfully.Please wait for admin approval.
Some error on your process.Please try one more time.
The permanent eradication of Bovine Viral Diarrhoea [BVD] in Scottish cattl...
The abolition of milk quotas in Europe on 1st April has resulted in a numbe...
The top 14 milk producing countries in Europe will increase their productio...
Matt Ware is the NFU's head of government and parliamentary affairs, based ...
There is a 'desperate need' to improve farmgate returns given low incomes a...
Rapid stem extension, after a slow start to spring, is likely to create spl...
The time has come for landlords to expect to see reductions in farm rents, ...
Cogent’s reputation as a source of the highest calibre sires has been enhan...
The spread of exotic and aggressive strains of a plant fungus is presenting...