US drought affecting global prices
Soybean and corn prices were at record levels at $625/T and $315/T respectively last week and impacting feed costs dramatically. Wheat has been driving UK feed bean prices upwards, and they are at some £62-64 premium to wheat futures. At these premiums there are few feed buyers. Fish feed consumption too has dropped considerably over the past 2 1/2 years for the same reasons. Some French beans however have been imported for feed purposes.
Human Consumption Beans
No activity from UK as Egyptians enter Ramadan with plenty of Australian and French stocks for the period. Bean crops in north of UK have suffered badly from a lack of pollination and pod-set, so yields in this export-led area will be down. Further south, there are some very good spring crops and lower Bruchid levels than of recent years which will help with the quality. Overall average production will likely be around 3.5t/ha giving a total crop of 300-350,000 tonnes, assuming average harvest conditions. French bean harvest is expected to commence at the end of the month.
Very mixed picture in UK for new crop. Rain and cold affected later sown crops but some look to have good prospects and quality, although some lodging is evident after all the rain. Thornhaugh trial plots of Zero4 are ready to harvest but rain is holding us back. French crop in the south is all but harvested with average yields for spring sown but poor for winter sown crops. The challenge will remain to get growers to plant peas next spring. That crucial group of mid-size family growers who have the ability (and courage!) to grow peas is dwindling rapidly.
Rain will inevitably affect pea yields this year with more disease and more crops lodging. Weather has underlined the importance of widening pea rotations above 4 years – longer rotation crops are markedly better this year.
No comments posted yet. Be the first to post a comment
Please enter your name
Please enter your comment
Your comment submitted successfully.Please wait for admin approval.
Some error on your process.Please try one more time.
Membership of the EU is damaging the British farming industry, according to...
BASIS has launched an accreditation for pilots of Unmanned Aerial Systems (...
UK wheat yields have theoretical potential to more than double over the nex...
Britain’s farmers flocked to Peterborough for the first day of LAMMA’15 to ...
The crisis in the dairy industry is not the fault of supermarkets, accordin...
Transport Minister Baroness Kramer visited three rural businesses in Cheshi...
Spearheading the John Deere range of mid-size tractors from Mannheim, the n...
Regular testing for bovine TB could significantly reduce the number of infe...
Single-issue policy-making threatens to hamper, not help, the progress of U...