Grain price: Keeping an eye on tellurian weather

Grain price: Keeping an eye on tellurian weatherGrain price: Keeping an eye on tellurian weather

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Grain markets remained aloof this week and destiny prices for Nov and Dec are not sparkling anyone.

Weather opposite a globe, as always, will play a large partial in prices and this week a Agriculture and Horticulture Development Board (AHDB) published a really useful round-up of some of a categorical flourishing regions.

Weather stays unlucky for planting corn and soybeans in a US. This late planting might outcome in an increasing area of land being sown to soybeans instead of corn.

At present, conditions in Russia and Ukraine are enlightened for good yields. Ukraine has perceived 95% of a normal rainfall.

In a southern hemisphere, planting has started in Australia. Conditions are dry during present, that might check sowing or means farmers to boar into dry dirt conditions.

A prohibited and dry Jun is also likely on a continent that is causing forecasters to diminution their produce predictions.

LIFFE

LIFFE wheat for May strike a low of £154.00/t on Monday, May 13, though recovered as a week changed on.

It done it to £157.25/t on Wednesday, though declined again on Thursday to £153.50/t, where it finished on Friday afternoon. This means a cost has now been underneath £160.00/t for dual weeks.

November prices reached £146.50/t on Thursday evening.

MATIF

MATIF wheat for Sep showed improvements all week. It sealed on Monday during €168.75/t and by Thursday dusk reached €173.75/t. On Friday it creeped adult to €174.25/t.

The Dec cost was higher. It sealed on Thursday dusk during €177.50/t.

CBOT

Chicago Board of Trade (CBOT) wheat stays low. However, a Jul cost did take a good burst on Thursday from 448.75c/bu on Wednesday to 467.00c/bu a following evening.

On Friday afternoon a CBOT cost for Jul was during 471.6c/bu.

FOB Creil (two-row malting barley)

It wasn’t a good week for Free-On-Board (FOB) Creil. The Jul cost remained during €187.00/t on Monday and Tuesday, May 13 and 14, before dropping to €185.00/t on Wednesday.

The good news is that an boost came on Thursday, if usually slight. The cost finished during €186.00/t and remained there on Friday evening.

Article source: https://www.agriland.ie/farming-news/grain-price-keeping-an-eye-to-global-weather/

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