21 April 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


15 April 2015
Site Operative
An exciting opportunity has arisen for a Site Operative to join our team at Wells Agriculture. The successful candidate will ...

12 April 2015
Agriculture Apprentice
AHS & HJ Raby, require an apprentice farm hand to work on their family run dairy farm, based in Preesall, Poulton Le Fyld...

9 April 2015
Service Engineer / Agricultural Mechanic - **Best Pay in Industry
An existing knowledge of farm machinery isn't essential, but you will need to have a positive appreciation for the countrysid...

17 April 2015
Farm Worker
ST CLEARS Dairy Farm Requires Part Time Worker , Afternoons/Weekends, Own Transport Essential. Please refer to the Job Descri...

15 April 2015
Graduate Scheme : Agricultural Policy - Stoneleigh Park, Warwickshire
Graduate, Trainee, Apprenticeship, Policy, Agriculture, Horticulture, Government, Farming, Food Chain, Rural, Public Sector, ...



Top stories you may have missed
10 April 2015 | Agri Safety

Final phase of Scotland's war on BVD

The permanent eradication of Bovine Viral Diarrhoea [BVD] in Scottish cattl...


10 April 2015 | Dairy

Dairy farmers competitiveness will be te...

The abolition of milk quotas in Europe on 1st April has resulted in a numbe...


10 April 2015 | Cattle

EU milk sector growth 'dependent on expo...

The top 14 milk producing countries in Europe will increase their productio...


10 April 2015 | News

Could the rural vote hold the key to the...

Matt Ware is the NFU's head of government and parliamentary affairs, based ...


10 April 2015 | Arable

Action needed to boost farmgate prices i...

There is a 'desperate need' to improve farmgate returns given low incomes a...


9 April 2015 | Arable

OSR damage risks early Sclerotinia infec...

Rapid stem extension, after a slow start to spring, is likely to create spl...


9 April 2015 | Finance

Time for a farm rent revolution?

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


8 April 2015 | Cattle

Cogent strengthens reputation for high c...

Cogent’s reputation as a source of the highest calibre sires has been enhan...


8 April 2015 | Arable

Exotic plant fungus a 'serious threat to...

The spread of exotic and aggressive strains of a plant fungus is presenting...


7 April 2015 | Animal Health

Share information to tackle food fraud, ...

The FSA’s new Food Crime Unit wants the industry to share information, some...