International wheat futures struck a bullish tone during the week on the back of reports of a smaller Australian crop and some weather worries in other global wheat regions. In France, Matif milling wheat futures for December 2020 recorded modest gains to €189.25/t. However, the gains were shortlived.
Tentative signs that spread of the coronavirus to humans has slowed somewhat provided some encouragement to the marketplace. However, the economic consequences of the outbreak, including grain shipments in Asia, is still playing out, so this encouragement could be premature.
However, uncertainty regarding global supply chains still remains, so this is likely to continue to limit buying interest in international grain markets.
In the UK, while some winter wheat planting progress was made over the past month, storm Dennis brought any potential of planting momentum to halt, meaning a large spring area and barley crop is on the cards. This sentiment continues to put pressure on barley markets.
Prices from the trade suggest that physical wheat prices remain steady at €203/t, while barley remains around €173/t
At home, despite ongoing wet weather, markets remain quiet.
However, as each wet week passes, we get closer to a situation where native grain may be in higher demand.
Prices from the trade suggest that physical wheat prices remain steady at €203/t, while barley remains around €173/t.
The price gap between barley compared with wheat and maize remains wide, meaning barley could be in higher demand, as it represents better value in the market.
Read more
Loss of diquat poses a huge challenge for the potato industry
Potatoes are bought every one second in Irish retailers
Potato growers reflect on a difficult potato harvest
International wheat futures struck a bullish tone during the week on the back of reports of a smaller Australian crop and some weather worries in other global wheat regions. In France, Matif milling wheat futures for December 2020 recorded modest gains to €189.25/t. However, the gains were shortlived.
Tentative signs that spread of the coronavirus to humans has slowed somewhat provided some encouragement to the marketplace. However, the economic consequences of the outbreak, including grain shipments in Asia, is still playing out, so this encouragement could be premature.
However, uncertainty regarding global supply chains still remains, so this is likely to continue to limit buying interest in international grain markets.
In the UK, while some winter wheat planting progress was made over the past month, storm Dennis brought any potential of planting momentum to halt, meaning a large spring area and barley crop is on the cards. This sentiment continues to put pressure on barley markets.
Prices from the trade suggest that physical wheat prices remain steady at €203/t, while barley remains around €173/t
At home, despite ongoing wet weather, markets remain quiet.
However, as each wet week passes, we get closer to a situation where native grain may be in higher demand.
Prices from the trade suggest that physical wheat prices remain steady at €203/t, while barley remains around €173/t.
The price gap between barley compared with wheat and maize remains wide, meaning barley could be in higher demand, as it represents better value in the market.
Read more
Loss of diquat poses a huge challenge for the potato industry
Potatoes are bought every one second in Irish retailers
Potato growers reflect on a difficult potato harvest
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