Agri-Shop Ltd
Farminguk
26 August 2016 | Online since 2003
OvoConcept


23 November 2012 10:01:45 |

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

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


Canada | 26 August 2016
Canadian beef exports to EU in limbo over E. coli dispute

If differences of opinion over food safety practices are not resolved, the big promises of a new European market for Canadian beef may be a pipe dream. The Comprehensive Economic and Trade Agreemen...


India | 26 August 2016
GM mustard clears hurdle in India but more remain

A government panel has cleared commercial use of what would be India's first genetically modified (GM) food crop, but politicians still have to give final approvals amid wide-spread public opposition....


USA | 26 August 2016
USDA buys $20 million in cheese from dairy farms

Moving to bolster dairy farmers who are struggling to cope with price declines, the Agriculture Department announced Tuesday it is spending $20 million - on 11 million pounds of cheese. A taxpayer ...


France | 26 August 2016
Lactalis talks with French milk producers end with no deal

A meeting between Europe's largest dairy group Lactalis and French milk producers requesting a rise in prices ended in a deadlock after 10 hours of negotiations, sources close to the talks said. ...


USA | 26 August 2016
California farmers turn to sewers for water

California's prolonged drought is forcing Central Valley farmers to scramble for water to irrigate crops. They have to be creative. One agency is even turning to a sewage plant to meet demand. Just...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

The British public are overwhelmingly in favour of keeping or strengthening...


FarmingUK
FarmingUK Logo

FarmingUK

The sustained recovery of pig prices since the spring has come at a time wh...


FarmingUK
FarmingUK Logo

FarmingUK

A World Trade Organisation (WTO) panel has declared the Russian import ban ...


FarmingUK
FarmingUK Logo

FarmingUK

A new study has linked oilseed rape crops grown from neonicotinoid-treated ...


FarmingUK
FarmingUK Logo

FarmingUK

Philip Hammond is to guarantee billions of pounds of UK government investme...


FarmingUK
FarmingUK Logo

FarmingUK

Access to the foreign labour market is 'critical', according the chief exec...


FarmingUK
FarmingUK Logo

FarmingUK

The Tenant Farmers Association has said the National Trust's vision for a p...


FarmingUK
FarmingUK Logo

FarmingUK

Ulster farmers will 'not lie down and wave the white flag' when Brexit nego...


FarmingUK
FarmingUK Logo

FarmingUK

The cost of rural crime to the UK economy costs £42.5 million a year, accor...


FarmingUK
FarmingUK Logo

FarmingUK

A young farmers club member from Oxfordshire has created a petition on the ...


closeicon
Username
Password