International wheat futures continued to climb over the past week. Strikes and protests in France continue to cause logistical difficulties and have provided support to Paris milling wheat futures. In the UK, January wheat plantings have failed to gather momentum, further strengthening market confidence there.
Closer to home, January wheat plantings here have failed to materialise and the window is narrowing to get any significant area of the crop in the ground.
While there may be enough spring wheat seed in the system to increase the 2019 planted area, there won’t be anywhere near enough to make up the shortfall in winter area.
However, this positive sentiment in the market has the potential to be short-lived. Concerns continue to mount in regard to coronavirus and, as a result, stocks and commodities including grain have lost some ground.
Spread of the virus could cause global markets to slide further and market sentiment to reverse.
Furthermore, the International Grains Council this week forecast the 2020/21 world wheat harvested area 1% higher than previous estimates, at 220m hectares.
In France, once the logistical difficulties due to the ongoing strikes against pension changes are rectified, the disrupted export pace could potentially negatively impact on European markets.
Domestic markets still remain quiet and physical prices have yet to react to growing market fears. Wheat saw a slight increase on last week at €203/t, while barley remains at around €173/t.
Read more
Three-crop rule exemption confirmed
Dairygold announces spring bean price for 2020
International wheat futures continued to climb over the past week. Strikes and protests in France continue to cause logistical difficulties and have provided support to Paris milling wheat futures. In the UK, January wheat plantings have failed to gather momentum, further strengthening market confidence there.
Closer to home, January wheat plantings here have failed to materialise and the window is narrowing to get any significant area of the crop in the ground.
While there may be enough spring wheat seed in the system to increase the 2019 planted area, there won’t be anywhere near enough to make up the shortfall in winter area.
However, this positive sentiment in the market has the potential to be short-lived. Concerns continue to mount in regard to coronavirus and, as a result, stocks and commodities including grain have lost some ground.
Spread of the virus could cause global markets to slide further and market sentiment to reverse.
Furthermore, the International Grains Council this week forecast the 2020/21 world wheat harvested area 1% higher than previous estimates, at 220m hectares.
In France, once the logistical difficulties due to the ongoing strikes against pension changes are rectified, the disrupted export pace could potentially negatively impact on European markets.
Domestic markets still remain quiet and physical prices have yet to react to growing market fears. Wheat saw a slight increase on last week at €203/t, while barley remains at around €173/t.
Read more
Three-crop rule exemption confirmed
Dairygold announces spring bean price for 2020
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