The easing of concerns re Black Sea supplies and recent rain in some of the drought stressed wheat regions of the US and Europe have combined to reduce grain prices once again this week.
Even allowing for some level of decreased production in 2014, stockpiles of grain from the 2013 harvest will still add to overall supply post the 2014 harvest.
ADVERTISEMENT
The past week has once again seen international grain prices rise and fall on the back of concerns relating to Ukraine and to drought.
Drought concerns continue for the US wheat crop where 33% of the area is currently rated as being poor or very poor. Planting of maize there continues to be delayed by cold weather. Meanwhile rain in parts of the US and Europe may help dryness stressed crops.
Grain prices weakened in the past week as market drivers faded and supply pressure sentiment returned.
ADVERTISEMENT
Spot wheat prices are at €215/t with barley at around €185 to €187/t. Last week some end users paid up to and above €195/t for good quality feed barley for pigs.
November wheat prices are back to €198 to €199/t to the trade. New crop barley is currently around €186/t to the trade.
On Wednesday of this week Glanbia offered €198/t for dry wheat for November and €186/t for barley. On the same day Dairygold offered growers €163/t for green wheat for harvest and €151/t for green barley.
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.
However, if you would like to share the information in this article, you may use the headline, summary and link below:
Title: International grain markets weaken
The easing of concerns re Black Sea supplies and recent rain in some of the drought stressed wheat regions of the US and Europe have combined to reduce grain prices once again this week.
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.
The past week has once again seen international grain prices rise and fall on the back of concerns relating to Ukraine and to drought.
Drought concerns continue for the US wheat crop where 33% of the area is currently rated as being poor or very poor. Planting of maize there continues to be delayed by cold weather. Meanwhile rain in parts of the US and Europe may help dryness stressed crops.
Grain prices weakened in the past week as market drivers faded and supply pressure sentiment returned.
Spot wheat prices are at €215/t with barley at around €185 to €187/t. Last week some end users paid up to and above €195/t for good quality feed barley for pigs.
November wheat prices are back to €198 to €199/t to the trade. New crop barley is currently around €186/t to the trade.
On Wednesday of this week Glanbia offered €198/t for dry wheat for November and €186/t for barley. On the same day Dairygold offered growers €163/t for green wheat for harvest and €151/t for green barley.
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