26 April 2015 | Online since 2003



EU grains market report - 17th July 2012


EU grains closed sharply higher again with Nov 12 London wheat up GBP3.25/tonne to GBP191.25/tonne and Nov 12 Paris wheat EUR6.00/tonne firmer at EUR264.25/tonne.

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.

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


13 April 2015
Production Operative
The manufacturing capacity at the dairy is currently expanding to meet increased customer demand. This will be met by the int...

23 April 2015
Field Service Engineer
They specialise in selling new and used JCB machinery into the Construction, Agriculture and Industrial industries and then a...

15 April 2015
Product Manager (Commercial)
The successful candidate will have a firm understanding and general knowledge of agriculture, combines with proven negotiatio...

16 April 2015
Relief Milker/Stockman, North Wiltshire
Our client has two dairy units in the Devizes area situated some 9 miles apart, both carry 160/180 cows calving all year roun...

14 April 2015
Apprentice Farm Hand
You will be working towards achieving a level 2 Apprenticeship in Agriculture with future prospects including progressing ont...



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...