01 February 2015 | Online since 2003



27 June 2012|Market Reports,News

EU market report - 27th June 2012


EU grains finished mostly higher again although Jul 12 London wheat was GBP0.50/tonne lower at GBP189.50/tonne, new crop Nov 12 was GBP2.70/tonne higher to close at GBP170.50/tonne. Aug 12 Paris wheat rose EUR3.25/tonne to EUR229.75/tonne, whilst Nov 12 was also EUR3.25/tonne firmer at EUR229.25/tonne.

Nov 12 London wheat closed within GBP2.50/tonne of the lifetime contract high spurred on by weather concerns in America and the Black Sea.

Early grains harvesting is underway in southern Russia, with wheat yields reported to be around 30-40% lower than last year, although quality is good. Ukraine winter barley yields are also said to be disappointing.


Meanwhile triple digit temperatures in America, combined with a general lack of rainfall, are seeing crop ratings tumble and yield prospects diminish sharply.

StatsCanada pegged wheat plantings there slightly lower than expected at 23.81 million acres, although that is still 11% up on last year. Rapeseed sowings are seen at a record high 21.27 million acres, 13% higher than a year ago and above the 20.9 million that the trade expected.


The next set of important planting data out is from the USDA on Friday. They are expected to put the US all wheat area around a million acres higher than they said in March at 56.9 million acres. Corn plantings are only expected to show a modest increase by most, although one or two think that up to a million acres more there could also be on the cards.


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


22 January 2015
Service Contract Manager - onshore Wind Farms, Edinburgh
Cathcart Energy are currently recruiting for an experienced Commercial Manager to develop and negotiate service contracts for...

16 January 2015
Customer Service Apprentice
Manufacturing, Materials Handling, Agriculture, Transport. Fielding inbound calls to the business....

21 January 2015
Caravan Cleaning Supervisor
CHURCH FARM HOLIDAY PARK PAGHAM PO21 4NR Want to work for a company voted 5th Best Big Company to work for by the Sunday Time...

11 January 2015
Wind Turbine Technician
They are currently in the process of completing 2 wind farms in the Cambridge area and need to add another 2 Wind Turbine Tec...

10 January 2015
Care Assistant
Beacon Farm Care Home. Beacon Farm Lodge Care Home is an integral part of Cramlington. Beacon Farm Care Home is a 43 bed care...




Top stories you may have missed
12 November 2014 | Arable
GM crops 'good for farmers and the envir...

GM crops 'good for farmers and the envir...

GM crops are good for the economy and can reduce the amount of pesticides u...


6 November 2014 | Cattle
Smaller European markets drive beef expo...

Smaller European markets drive beef expo...

Demand from smaller European markets has helped drive strong growth for UK ...


6 November 2014 | Agri Safety
Lack of engineers a 'ticking time bomb' ...

Lack of engineers a 'ticking time bomb' ...

A lack of engineers, not enough people promoting the land-based industries ...


4 November 2014 | Bees and Beekeeping
Bee action plan due: Last chance for bee...

Bee action plan due: Last chance for bee...

Environment Secretary Elizabeth Truss is launching the National Pollinator ...


4 November 2014 | Arable
Experts welcome financial boost for youn...

Experts welcome financial boost for youn...

Agricultural specialists have welcomed a potential financial boost for youn...


3 November 2014 | News
Supermarket competition on prices 'risks...

Supermarket competition on prices 'risks...

As retailers continue to participate in a highly competitive race to the bo...


31 October 2014 | Arable
New Defra farm figures 'underline volati...

New Defra farm figures 'underline volati...

New farm business income data from Defra, which focus on income from March ...


30 October 2014 | Agri Safety
Agriculture remains one of UK's most dan...

Agriculture remains one of UK's most dan...

Agriculture has remained one of the industries in which workers are most li...


29 October 2014 | Finance
UK farmland prices see 'substantial grow...

UK farmland prices see 'substantial grow...

Prime arable land in the UK has seen a substantial year-on-year growth in p...


27 October 2014 | Arable
Satellites to help farmers pinpoint dise...

Satellites to help farmers pinpoint dise...

A new mobile app for farmers able to pinpoint and identify disease, pests a...