Grain price spike leads to forward selling

It is not possible to say for definite if the current rise in grain prices is a trend or a spike but the price offers are seriously worth considering given the trend in maize prices.

20 June 2017

A current spike in grain prices is providing forward-selling price offers that should be considered by growers.

Grain prices are currently undergoing a welcome lift. Glanbia made an offer on Tuesday 20 June, which is €5/t to €6/t higher than its last offer.

While it seems that prices are on the up, this is mainly a milling wheat drive and US maize prices have already dipped.

So offers for €146/t for green wheat and €135/t for green barley for harvest must be worth considering for a tonnage.

And dry wheat prices of €180/t or €166/t for barley are available today for November.

RELATED STORIES

Company will pay a further $55m, depending on performance.

Purcell joins from Glanbia where he was CFO at the nutritionals division.

Kieran Mailey

Livestock rations will see significant price cuts being applied from 1 May in NI.

Siobhán Walsh

Oilseed rape prices dropped dramatically in the last few days, after a significant rise in recent weeks.