01 April 2015 | Online since 2003



Russia cuts harvest forecast amid drought


EU grains closed mixed with Nov 12 London wheat up GBP2.00/tonne to GBP218.00/tonne, May 13 up GBP0.30/tonne to GBP221.05/tonne and new crop Nov 13 GBP0.20/tonne weaker at GBP187.55/tonne. Jan 13 Paris milling wheat added EUR1.00/tonne to close at EUR270.25/tonne.

As you might expect it was a relatively subdued session with America closed for the Thanksgiving Day holiday.

Summer drought in southern Russia has given way to autumn drought, seeing the Ag Ministry there cut their forecast for the winter grain area from 16.8 million hectares to 15.9 million.

The Ministry also said that the 2012 harvest will exceed 75 MMT in bunker weight, almost 20 MMT down on last year, and finish around 71 MMT in clean weight. The corn harvest is still ongoing producing 8.4 MMT in bunker weight, or 7.9 MMT in clean weight, so far.

The latest statistics out of Russia show exports declining quite sharply, albeit from the manic early season pace. Grain shipments in September were 3.16 MMT, falling to 2.35 MMT in October and a projected 1.45 MMT in November. Shipments in December and January are thought likely to be only around 0.5-0.6 MMT/month.

At home, a Farming Online survey suggested that only around 66% of the planned UK winter wheat area has actually been sown, in line with the general level of trade estimates.

Crops are highly variable, but generally poorly established, leaving them vulnerable to a hard winter, should we get the one that some are forecasting.

Whilst it's only very early days yet, Farming Online say that their calculations suggest a domestic wheat crop of only 9.7 MMT in 2013, based on what has been sown already. The UK wheat crop hasn't been below 10 MMT since 1981.

Bangladesh bought 50,000 MT of optional-origin, but what will probably turn out to be Indian wheat, in their tender.

Brussels issued a respectable 380 TMT of weekly soft wheat export licences, bringing the year-to-date total to 6.8 MMT, an increase of 11.5% on this time last year. Barley exports of 70 TMT bring the 2012/13 marketing year total so far to 2.4 MMT, up 26.3% on last season.

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


19 March 2015
Dumper Drivers
Our Client, a national building and civil engineering contractor, is looking for experienced ground workers to work on a wind...

30 March 2015
Band 5 Staff Nurse - ITU/HDU
It comprises Barnet Hospital, Chase Farm Hospital, the Royal Free Hospital and more than 30 services in the community....

22 March 2015
Chef de Partie
They are devoted to creating delicious pub classics and true country fare that gives a respectful nod to the seasons and the ...

24 March 2015
Administration Assistant, Stamford, Lincolnshire
Gleadell Agriculture is the UK’s leading independent agricultural merchant. An exporter of grains, oilseeds and pulses to int...

11 March 2015
Cider Shop Sales Assistant
Completed application forms should be emailed to Telephone Middle Farm, Firle, Nr. Middle Farm - Cider Shop Sales Assistant I...




Top stories you may have missed
23 March 2015 | Cattle

UK butchers face difficulties to recruit...

Butchers in the UK are losing a generation through lack of training opportu...


20 March 2015 | Arable

Dust - the secret fertiliser?

NASA research has revealed how dust blown from the Sahara desert helps supp...


19 March 2015 | Arable

The Budget 2015: A Farmer's Budget?

“In the run up to the Budget 2015 most commentators were predicting that th...


17 March 2015 | News

UK's first floating solar power system l...

The UK’s first fully operational floating solar panel system has been unvei...


13 March 2015 | Animal Health

Labour and Conservatives clash over badg...

Axing the badger cull in England and Wales will save more than £120 million...


12 March 2015 | News

Solar could be cheapest energy source by...

By 2025, solar power could become one of the cheapest forms of energy in ma...


11 March 2015 | Finance

English buyers turn their attention to S...

Demand for Scottish farm land remains strong and continues to be better val...


9 March 2015 | Cattle

2020 vision for the Welsh red meat indus...

The Welsh red meat industry should aim to increase sales by at least 34 per...


6 March 2015 | News

MP raises egg industry concerns on trans...

Fears about the impact that a proposed transatlantic trade agreement could ...


Stay safe and legal when flying drones

The use of Unmanned Aerial Vehicles and Unmanned Aircraft Systems - or dron...