Each week we bring you stories from crop production around the world which is likely to impact on international and domestic markets.
Canadian harvest battle continues
The Canadian harvest has quickly turned into a battle as heavy snow and rain continues to slow progress. At the beginning of this month, the spring wheat harvest in Alberta was around 33% behind the same point last season, and 38% behind the five-year average pace (AHDB).
There are concerns around the impact the weather may have on crop quality. The Canadian grain commission has stated that early proteins of Canadian Western Red Spring wheat have been good but continuous wet weather has hampered Hagberg falling numbers of the later-harvested crops.
The Canadian wheat accounted for 60% of UK non-EU wheat imports last season. The high-protein spring wheat is used in UK milling and baking industries.
Rain doesn’t hamper US harvest
As much as six times the average amount of rain has fallen over the past two weeks in parts of the US stretching from west Texas to northern Wisconsin.
The rain doesn’t appear to be hampering the country's maize and soybean harvest.
As of 10 October, the maize harvest was 34% finished, up from 26% a week earlier and well ahead of the prior five-year average of 26%.
According to the latest USDA harvest progress report, the soybean harvest was 32% complete at the same time, up from 23% a week earlier.
World wheat production takes a hit
World wheat production was reduced by 2.1Mt (million tonne) in last Thursday’s USDA WASDE report. This is reflecting concerns over production of Australian wheat, down 1.5Mt (AHDB). In addition to this, Russian wheat production also took a 1mt reduction.
Below-expected Brazilian soybean harvest
The total Brazilian soybean 2018-2019 harvest is expected to reach between 117.0-119.4Mt, reported by the AHDB. This is slightly below the latest estimate from the USDA of 120.5Mt.
Across the water to the US, the latest WASDE report cut 2018-2019 US soybean production to 127.6, a 0.1Mt fall from the USDA’s last release.
On the Euronext exchange (MATIF) in Paris, wheat recorded marginal gains over the last week, whereas oilseed rape and maize recorded marginal losses.
Rapeseed prices from Paris for November delivery were down €2/t since last week to €371.5/t. November 2018 maize prices recorded a €1.3/t decrease over the previous week to finish at €172.8/t by close of trade on Monday.
Milling wheat for delivery in December recorded a €1.5/t gain since last week to finish yesterday’s trade at €205/t.
Looking across the water to the Chicago grain market (CME), soybeans, maize and wheat all recorded gains over the past seven days.
2018 December futures now stand at $148.5/t for maize, up $4.3/t and $327.5/t for November delivered soybeans, up $7.9/t. US wheat prices also recorded a gain over the past week with prices for December delivered crop up $4.5/t to $193.1/t.
Read more
Grain markets: slight price increase on availability concerns
Quick farm shelter solutions
Each week we bring you stories from crop production around the world which is likely to impact on international and domestic markets.
Canadian harvest battle continues
The Canadian harvest has quickly turned into a battle as heavy snow and rain continues to slow progress. At the beginning of this month, the spring wheat harvest in Alberta was around 33% behind the same point last season, and 38% behind the five-year average pace (AHDB).
There are concerns around the impact the weather may have on crop quality. The Canadian grain commission has stated that early proteins of Canadian Western Red Spring wheat have been good but continuous wet weather has hampered Hagberg falling numbers of the later-harvested crops.
The Canadian wheat accounted for 60% of UK non-EU wheat imports last season. The high-protein spring wheat is used in UK milling and baking industries.
Rain doesn’t hamper US harvest
As much as six times the average amount of rain has fallen over the past two weeks in parts of the US stretching from west Texas to northern Wisconsin.
The rain doesn’t appear to be hampering the country's maize and soybean harvest.
As of 10 October, the maize harvest was 34% finished, up from 26% a week earlier and well ahead of the prior five-year average of 26%.
According to the latest USDA harvest progress report, the soybean harvest was 32% complete at the same time, up from 23% a week earlier.
World wheat production takes a hit
World wheat production was reduced by 2.1Mt (million tonne) in last Thursday’s USDA WASDE report. This is reflecting concerns over production of Australian wheat, down 1.5Mt (AHDB). In addition to this, Russian wheat production also took a 1mt reduction.
Below-expected Brazilian soybean harvest
The total Brazilian soybean 2018-2019 harvest is expected to reach between 117.0-119.4Mt, reported by the AHDB. This is slightly below the latest estimate from the USDA of 120.5Mt.
Across the water to the US, the latest WASDE report cut 2018-2019 US soybean production to 127.6, a 0.1Mt fall from the USDA’s last release.
On the Euronext exchange (MATIF) in Paris, wheat recorded marginal gains over the last week, whereas oilseed rape and maize recorded marginal losses.
Rapeseed prices from Paris for November delivery were down €2/t since last week to €371.5/t. November 2018 maize prices recorded a €1.3/t decrease over the previous week to finish at €172.8/t by close of trade on Monday.
Milling wheat for delivery in December recorded a €1.5/t gain since last week to finish yesterday’s trade at €205/t.
Looking across the water to the Chicago grain market (CME), soybeans, maize and wheat all recorded gains over the past seven days.
2018 December futures now stand at $148.5/t for maize, up $4.3/t and $327.5/t for November delivered soybeans, up $7.9/t. US wheat prices also recorded a gain over the past week with prices for December delivered crop up $4.5/t to $193.1/t.
Read more
Grain markets: slight price increase on availability concerns
Quick farm shelter solutions
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