With a lot of remaining cereal crops now harvested, it would seem that physical quality has stood up well to the broken weather. \ Donal O'Leary
ADVERTISEMENT
International grain markets were flat to lower over the past week and MATIF and LIFFE were down. MATIF wheat for December has been floating around €170/t for the past week, down from the mid-€180s at the end of June. The wheat market has been bearish for weeks now, while maize had been steady. Now maize is tending bearish or downward from the favourable yield projections in the US and improved prospects for the European maize harvest. But US yields remain uncertain in this equation, as significant regional differences exist.
Our wheat and barley markets continue to be pressured by UK imports, with prices there now significantly discounted due to internal supply and the perceived need to export volumes ahead of Brexit. This, in turn, is impacting on Black Sea export prices and is creating a vicious circle of pressures as these countries seek to win export sales.
ADVERTISEMENT
MATIF rape prices weakened slightly last week, but overall supply remains tight. Demand in Ireland is low and exports are now being considered.
Native prices are weaker this week, as European prices fall. Spot wheat for immediate movement has slipped below €170/t, while barley is broadly similar at €162 to €163/t.
November prices suggest wheat around €172 to €173/t and barley at €164 to €165/t. May ’20 prices remain strong by comparison, with wheat still around €185/t but barley is down slightly at €181/t.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
International grain markets were flat to lower over the past week and MATIF and LIFFE were down. MATIF wheat for December has been floating around €170/t for the past week, down from the mid-€180s at the end of June. The wheat market has been bearish for weeks now, while maize had been steady. Now maize is tending bearish or downward from the favourable yield projections in the US and improved prospects for the European maize harvest. But US yields remain uncertain in this equation, as significant regional differences exist.
Our wheat and barley markets continue to be pressured by UK imports, with prices there now significantly discounted due to internal supply and the perceived need to export volumes ahead of Brexit. This, in turn, is impacting on Black Sea export prices and is creating a vicious circle of pressures as these countries seek to win export sales.
MATIF rape prices weakened slightly last week, but overall supply remains tight. Demand in Ireland is low and exports are now being considered.
Native prices are weaker this week, as European prices fall. Spot wheat for immediate movement has slipped below €170/t, while barley is broadly similar at €162 to €163/t.
November prices suggest wheat around €172 to €173/t and barley at €164 to €165/t. May ’20 prices remain strong by comparison, with wheat still around €185/t but barley is down slightly at €181/t.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS