Auto Trader Ltd
Farminguk
25 August 2016 | Online since 2003
Auto Trader Ltd


28 March 2014 11:44:42 |

Parts of US winter wheat crop get much-needed rain


EU grains closed with little change. May 14 London wheat 5 pence lower at GBP168.25/tonne, whilst new crop Nov 14 was GBP0.50/tonne easier at GBP159.30/tonne. May 14 Paris wheat closed a euro higher at EUR211.50/tonne, Jun 14 Paris corn was unchanged at EUR185.75/tonne and May 14 Paris rapeseed rose EUR1.75/tonne to EUR411.00/tonne.
Brussels announced another strong week of European soft wheat exports, with 816 TMT worth of export licences being granted. That takes the cumulative total for the 2013/14 campaign to 22.7 MMT, already beating the previous full season record set in 2008/09. Add on 582 TMT of wheat flour exports and a further 702 TMT of durum and we get a grand total of all wheat/flour exports of almost 24 MMT.
With 3 months of the season remaining that means that Europe has already achieved 83% of the USDA's estimated total for the marketing year of 29 MMT. If we were to carry on exporting wheat at this rate then total 2013/14 sales would hit 32 MMT.
As wheat goes out, corn comes in, with Brussels also granting 501 TMT worth of corn import licences, taking the marketing year to date total to 10.1 MMT.
The Russian Ag Minister optimistically said that the recent "acquisition" of Crimea would add 2 MMT of grain production to the national harvest this year, forecasting a total Russian grain crop of 97 MMT. The last time Crimea produced anything like that volume however was in 2011. Last year's crop was only 800 TMT and in 2012 it was only a little better at 900 TMT.
The Ukraine Weather Centre said that winter crop losses this year would only total 1-2% of plantings - a historically low number - due to the unusually mild winter. The Ukraine Ministry said that early spring grain plantings (which excludes corn) had been completed on 1.9 million hectares, or 64% of plan. That total includes 1.45 million ha of barley, 100k ha of wheat and 169k ha of oats.
APK Inform said that Ukraine's grain exports to date this season had now exceeded 25 MMT, which is 79% of their forecast for full year exports of 31.7 MMT.
Local analysts ProAgro forecast Ukraine's 2014/15 grain crop at 55.7 MMT, a 6.5% decline on last year. They see wheat production at 20.3 MMT, an 8.5% fall on 2013.
Parts of the US winter wheat crop got some much-needed rain overnight, partially easing drought conditions.
"Ordinarily a strong wave of showers would not make the headlines, but following one of the driest winters on record, it is big news. Of the 3 main bread wheat states Oklahoma fared best receiving 1-1.5 inches in scattered strong showers," said Martell Crop Projections. Parts of Kansas and Texas also picked up some moisture too, they noted.
Algeria's Ag Ministry estimated their 2014 grain crop at 5.5 MMT versus 4.9 MMT in 2013. They forecast 2014 soft and durum wheat imports at 5-5.5 MMT.
Tunisia's Ag Minister was quoted on Reuters as saying that this year's grain harvest "will much higher than last year's crop." Production in 2013 fell to only 1.2 MMT from 2.2 MMT in 2012.
Egypt's Supplies Minister said that he expects Egypt’s 2014/15 wheat imports to fall 1.0-1.5 MMT from 2013/14.

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


Ireland | 25 August 2016
EU worry at lack of GM food testing in Ireland

Inspectors from the European Commission’s Directorate General for Health and Food Safety said the lack of laboratory capacity at the Public Analyst’s Laboratory (PAL), which is located in St Finbarr’s...


France | 25 August 2016
French farmers may face more pain as dry weather hits crops

French farmers can’t seem to catch a break from the weather. After deluges earlier this year decimated wheat crops, now not enough rain is threatening their corn. Many fields in the European Union’...


France | 25 August 2016
French farmers protest over low milk prices outside major milk processor

Some 400 French dairy farmers have blockaded the roads around Lactalis, the milk processor based in Laval, France, this week in protest against low milk prices. The farmers have taken over the roun...


USA | 25 August 2016
The next agriculture revolution is under our feet

At the core of agriculture is innovation. Advancements in agricultural technology throughout the past century have allowed farmers to feed a population that has grown from less than 2 billion people t...


Australia | 25 August 2016
Dairy industry goes under spotlight as Barnaby Joyce signals end to $1 milk

Scott Morrison has asked the Australian Competition and Consumer Commission to investigate the national dairy industry as the agriculture minister, Barnaby Joyce, emerged from a dairy crisis meeting d...



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