Input Prices, Grain & Feed Prices 28th February 2012 February 28, 2012

		28-Feb-12
Soya 49%	Spot	€334.00
	Feb-Mar	€334.00
	Apr	€333.00
	May-Oct	€326.00
Corn Gluten	Spot	€204.00
	Feb-May	€204.00
	May-Oct	NA
US  Dist.	Feb-Apr	€240.00
	May-Oct	€238.00
Citrus	Spot	€169.00
	Feb-Apr	€169.00
	May-Jul	€170.00
Un-molassed Beet Pulp	Spot	€202.00
	Feb-May	€202.00
Cane molasses	Spot	€164.00
US Soyahulls	Spot	€170.00
	Feb-Apr	€170.00
	May-Dec	€161.00
	Jan ’13	NA
“00″Rape Meal	Feb	€233.00
	Mar-Apr	€233.00
	May-Jul	€213.00
	August	€196.00
		28-Feb-12
Maize	Spot	€228.00
	Mar-Apr Fr	€229.00
	May-Sep	€230.00
	Oct NC	€208.00
	Nov-Dec	€208.00
Wheat	Spot	€210.00
Max 15% moist	Feb	€210.00
Min 72kph	Feb Imp	€219.00
	Mar-Apr	€210-212
	Mar-Apr Imp	€221.00
	May-Jul Imp	€222.00
	Sep-Dec NC Imp	€200.00
	Sep-Oct NC Irish	€185.00
Barley	Spot	€208-210
Max 15% moist	Feb-Mar	€208-210
Min 62kph	Feb-Mar Imp	€221.00
	Sep NC Imp	NA
	Sep NC Irish	€180.00
Oats	Spot	€210
Max 15% moist	Feb-Apr	€210
Min 54kph	Sep NC Irish	€190
Exchange rates	€/st£	0.8479
	€/us$	1.3454
	Brent crude oil	$122.49
	Tractor Diesel (Incl vat) ULSG	€0.9499
	Marked gas oil (Incl vat)	€0.9340

 

Grain and feed ingredient prices are quoted on a collected ex store basis

Wheat, barley and oat prices vary depending on location

ULSG – Ultra low sulphur gas oil

Inputs Price Update 23rd February 2012 February 23, 2012

Irish grain prices for both old and new crop have eased off recent highs. Dried old Irish crop wheat is trading at €210/t down €2/t since Tuesday. New crop wheat is currently trading at €188/t gaining €3/t on yesterday’s close. Old crop barley has remained more resilient at €208/t with new crop back €3/t since Tuesday. Oats remains unchanged at €210/t with new crop down €2/t at €188/t.

Progress on the Greek crisis has seen the euro strengthen leaving European grain less competitive. In addition talks of a sizable increase in US maize sowings to an area not seen since 1944 is impacting on new crop feed grain prices. However strengthening soybean prices coupled with more expensive nitrogen may dampen farmer enthusiasm for a large swing to maize.

The deep freeze of many Russian ports over the last month has been supportive of old crop prices as it delayed the shipment of an estimated 1 million tonnes of grains, mostly wheat. Since July Russian grain exports were estimated at just under 20mt averaging 2.5mt per month. Market analysts predict that a further 5mt will be exported between now and the end of the current marketing year on the 30^th of June.

Fuel price update

Crude oil prices continue to rise with Brent crude hitting a high of $124.01 last night before easing to $122.49 earlier today. The ongoing geo-political tensions between Iran and the West have created a significant price risk premium and this is putting upward pressure on petrol, diesel and marked gas oil (tractor diesel) prices. A strengthening euro should mitigate some of the increase.

		23-Feb-12
Soya 49%	Spot	€329.00
	Feb-Mar	€329.00
	Apr	€327.00
	May-Oct	€319.00
Corn Gluten	Spot	€206.00
	Feb-May	€206.00
	May-Oct	NA
US  Dist.	Feb-Apr	€240.00
	May-Oct	€237.00
Citrus	Spot	€172.00
	Feb-Apr	€172.00
	May-Jul	€172.00
Un-molassed Beet Pulp	Spot	€202.00
	Feb-May	€202.00
Cane molasses	Spot	€164.00
US Soyahulls	Spot	€169.00
	Feb-Apr	€167.00
	May-Dec	€163.00
	Jan ’13	NA
“00″Rape Meal	Feb	€227.00
	Mar-Apr	€227.00
	May-Jul	€214.00
	August	€195.00
Maize	Spot	€231.00
	Mar-Apr Fr	€231.00
	May-Sep	€232.00
	Oct NC	€209.00
	Nov-Dec	€210.00
Wheat	Spot	€210.00
Max 15% moist	Feb	€210.00
Min 72kph	Feb Imp	€222.00
	Mar-Apr	€210-212
	Mar-Apr Imp	€222.00
	May-Jul Imp	€223.00
	Sep-Dec NC Imp	€200.00
	Sep-Oct NC Irish	€188.00
Barley	Spot	€208-210
Max 15% moist	Feb-Mar	€208-210
Min 62kph	Feb-Mar Imp	€220.00
	Sep NC Imp	NA
	Sep NC Irish	€180.00
Oats	Spot	€210
Max 15% moist	Feb-Apr	€210
Min 54kph	Sep NC Irish	€188
Exchange rates	€/st£	0.8461
	€/us$	1.3300
Brent crude oil		$122.49
Tractor Diesel (Incl vat) ULSG		€0.9480
Marked gas oil (Incl vat)		€0.9350

IFA FERTILISER PRICE SURVEY – 22nd February 2012 February 23, 2012

Local price wars are keeping downward pressure on prices as merchants scrap for good business. Volumes traded have eased as early movers have completed deals and many other farmers adopt a wait and see approach to price direction. The South East remains the most competitive for granular urea with deals still on offer around the €400/t level and 10-10-20 available at €460/t for bagged product (top lift) delivered farm. Demand across mainland Europe is picking up as temperatures improve.

Other Compounds (€/t bagged, delivered)                                                

CAN 24%N + 6%S                                                 €315 – €330

CAN 27%N + 3%S                                                  €318 – €340

18N-6P-12K + 5%S                                                €430 – €445

11N-4P-18K                                                            €420

11N- 5P-17K + 5%S + 2%Mg + 2%Na                €420                        (Malt Master)

11N-6P-17K                                                             €425 – €440             (Target)

10N-6P-17K + 4%S + 2%Mg + 2%Na               €430 – €455             (Malt Master)

10N-5P-25K                                                            €423 – €430

10N-8P-16K + 4%S + 2%Mg + 2%Na               €455 – €475            (Malt Master)

13N-6P-17K                                                            €435 – €450

9N-10P-20K                                                           €476 – €490

0 -7P-30K                                                                €420 – €445

Region	GranularUrea	CAN		!8-6-12	27-2.5-5	24-2.5-10	10-10-20
	Big Bag, delivered	Big Bag, delivered	Bulk	Big Bag, delivered	Granular Big bag delivered	Granular Big bag delivered	Big bag delivered
Munster	435 – 455	324 – 340		430 – 455	425-450	430-455	480 – 495
Connaught	460	330 – 350		440 – 455
South Leinster	400 – 435	309 – 335		425 – 445	419-440	425-455
North Leinster	409 – 440	310- 335	298 – 305	420 – 445	420-448	426-455	460 – 490
Ulster	425 -  440	330 -350		435 – 450

Inputs Price Update 16th February 2012 February 17, 2012

		16-Feb-12
Soya 49%	Spot	€334.00
	Feb-Mar	€334.00
	Apr	€333.00
	May-Oct	€328.00
Corn Gluten	Spot	€206.00
	Feb-May	€206.00
	May-Oct	NA
US  Dist.	Feb-Apr	€240.00
	May-Oct	€230.00
Citrus	Spot	€174.00
	Feb-Apr	€174.00
	May-Jul	€174.00
Un-molassed Beet Pulp	Spot	€202.00
	Feb-May	€202.00
Cane molasses	Spot	€164.00
US Soyahulls	Spot	€164.00
	Feb-Apr	€164.00
	May-Dec	€164.00
	Jan ’13	NA
“00″Rape Meal	Feb	€220.00
	Mar-Apr	€213.00
	May-Jul	€205.00
	August	€191.00
		16-Feb-12
Maize	Spot	€230.00
	Mar-Apr Fr	€231.00
	May-Sep	€232.00
	Oct NC	€209.00
	Nov-Dec	€210.00
Wheat	Spot	€210.00
Max 15% moist	Feb	€210.00
Min 72kph	Feb Imp	€223.00
	Mar-Apr	€210-212
	Mar-Apr Imp	€224.00
	May-Jul Imp	€226.00
	Sep-Dec NC Imp	€203.00
	Sep-Oct NC Irish	€186.00
Barley	Spot	€208-210
Max 15% moist	Feb-Mar	€208-210
Min 62kph	Feb-Mar Imp	€221.00
	Sep NC Imp	NA
	Sep NC Irish	€180.00
Oats	Spot	€210
Max 15% moist	Feb-Apr	€210
Min 54kph
Exchange rates	€/st£	0.8285
	€/us$	1.2982
	Brent crude oil	$119.91
	Tractor Diesel (Incl vat) ULSG	€0.9250
	Marked gas oil (Incl vat)	€0.9125

Prices quoted are wholesale prices collected ex store for 24t lots, payment seven days from collection.

Grain and feed ingredient prices are quoted on a collected ex store basis

Wheat, barley and oat prices vary depending on location

Fuel prices continue to move higher on the back of increased tensions between the West and Iran which are estimated to have added $10 to the price of a barrel of oil. The price outlook for the current week is for prices to move higher.

IFA FERTILISER PRICE SURVEY – 15th February 2012 February 15, 2012

 

Region	Granular Urea	CAN		!8-6-12	27-2.5-5	24-2.5-10	10-10-20
	Big Bag, delivered	Big Bag, delivered	Bulk	Big Bag, delivered	Granular Big bag delivered	Granular Big bag delivered	Big bag delivered
Munster	435 – 455	324 – 340		440 – 455			480 – 495
Connaught	460	330 – 350		440 – 455
South Leinster	400 – 435	312 – 335		428 – 445
North Leinster	408 – 440	310- 335	298 – 305	420 – 445			460 – 490
Ulster	425 -  440	330 -350		435 – 450

 

 

 

 

 

 

 

 

 

 

 

 

 

Competition for good business has kept prices largely unchanged this week with keenest quotes available for full loads (24t+) and volume orders. Activity has picked up but traded volumes continue to lag previous year’s sales. A local turf war in the South East saw granular urea offered at €400/t and 10-10-20 at €460/t both bagged (top lift) delivered farm in the last week. Cold weather across Europe coupled with the ongoing euro-zone crisis and its impact on credit availability has seen demand ease. With continuing downward pressure on international wholesale prices EU merchants and farmers remain reluctant to commit on large volumes.

 

 

Other Compounds (€/t bagged, delivered)
CAN 24%N + 6%S	€315 – €330
CAN 27%N + 3%S	€318 – €340
18N-6P-12K + 5%S	€430 – €445
11N-4P-18K	€420
11N- 5P-17K + 5%S + 2%Mg + 2%Na	€420	(Malt Master)
11N-6P-17K	€425 – €440	(Target)
10N-6P-17K + 4%S + 2%Mg + 2%Na	€430 – €455	(Malt Master)
10N-5P-25K	€423 – €430
10N-8P-16K + 4%S + 2%Mg + 2%Na	€455 – €475	(Malt Master)
13N-6P-17K	€435 – €450
9N-10P-20K	€476 – €490
0 -7P-30K	€420 – €445

Inputs price update 9th February 2012 February 9, 2012

		08-Feb-12
Soya 49%	Spot	€330.00
	Nov-Feb	€330.00
	May-Dec’09	€328.00
		€321.00
Corn Gluten	Spot	€204.00
	Nov-Feb
	Dec-Apr
		€204.00
US  Dist.	Spot	NA
	Nov-Feb
		NA
Citrus	Spot	€175.00
	Nov-Apr
	Oct-Dec	€175.00
		€175.00
Un-molassed Beet Pulp		€202.00
		€202.00
Cane molasses		€164.00
US Soyahulls	Spot	€166.00
	Nov – Jun	€166.00
		€166.00
		NA
“00″Rape Meal	Spot	€218.00
	Nov-Dec	€217.00
	Jan-May	€207.00
		€198.00
		08-Feb-12
Maize	Spot	€231.00
	Dec-Jan
	Feb-Jun
		€232.00
		€235.00
		€213.00
		€216.00
Wheat		€210.00
Max 15% moist		€210.00
Min 72kph		€223.00
		€212-214
		€225.00
		€227.00
		€207.00
		€190-192
Barley		€205-207
Max 15% moist		€205-208
Min 62kph		€221.00
		NA
		€185-187
Oats		€210
Max 15% moist		€212
Min 54kph
Exchange rates		0.8302
		1.3113
		$116.58
Prices quoted are wholesale prices collected ex store for 24t lots, payment seven days from collection.
		€0.9050
Grain and feed ingredient prices are quoted on a collected ex store basis
Wheat, barley and oat prices vary depending on location
ULSG – Ultra low sulphur gas oil

IFA FERTILISER PRICE SURVEY – 8th February 2012 February 8, 2012

Region	Granular	CAN		!8-6-12	27-2.5-5	24-2.5-10	10/10/2020
	Urea
	Big Bag, delivered	Big Bag, delivered	Bulk	Big Bag, delivered	Granular Big bag delivered	Granular Big bag delivered	Big bag delivered
Munster	435 – 455	325 – 340		440 – 455			480 – 495
Connaught	460	330 – 350		440 – 455
South Leinster	420 – 440	318 – 335		428 – 445
North Leinster	410 – 440	310- 335	298 – 305	420 – 445			470 – 490
Ulster	425 -  440	330 -350		440

Activity has picked up this week but volumes traded to farmers lag previous year’s sales. This may lead to some bottlenecks on the supply side when the season gets into full swing. According to trade sources Irish urea stocks are significantly below last year’s levels but despite this prices have remained unchanged from last week. Many farmers are reluctant to use urea despite the significant discount it trades at relative to CAN. Even allowing for higher losses which are calculated at 15% urea is significantly cheaper than CAN on a per unit nitrogen basis. Competition for good business remains keen particularly where farmers are group purchasing or farmers come together informally to coordinate full loads. Keenest quotes for CAN range from €310/t to €317/t marginally up on last week, with granular urea from €410/t to €420/t. International wholesale prices remain strong as the market gets into full swing across the Northern Hemisphere and also buoyed by the recent recovery in grain and oilseed prices. Manufacturers will attempt to maintain or increase current price levels over the next six to eight weeks before prices start to drop as the buying season across Europe comes to a close.

Other Compounds (€/t bagged, delivered)

CAN 24% N + 6%S		€315 – €330
CAN 26.5%N + 5%S		€325 – €340
18N-6P-12K + 5%S		€430 – €445
11N-4P-18K		€420
11N- 5P-17K + 5%S + 2%Mg + 2%Na		€420	(Malt Master)
11N-6P-17K		€425 – €440	(Target)
10N-6P-17K + 4%S + 2%Mg + 2%Na		€430 – €455	(Malt Master)
10N-5P-25K		€423 – €430
10N-8P-16K + 4%S + 2%Mg + 2%Na		€455 – €475	(Malt Master)
13N-6P-17K		€435 – €450
9N-10P-20K		€476 – €490
0 -7P-30K		€420 – €445

 

Fertiliser Price Survey 2nd February 2012 February 2, 2012

Fertiliser Price Survey 2nd February 2012

Region	Granular Urea	CAN		!8-6-12	27-2.5-5	24-2.5-10	10-10-20
	Big Bag, delivered	Big Bag, delivered	Bulk	Big Bag, delivered	Granular Big bag delivered	Granular Big bag delivered	Big bag delivered
Munster	435 – 455	325 – 340		440 – 455			480 – 495
Connaught	460	330 – 350		440 – 455
South Leinster	420 – 440	315 – 335		428 – 445
North Leinster	410 – 440	308- 335	298 – 305	425 – 445			470 – 490
Ulster	425 -  440	330 -350		440

 

 

 

 

 

 

Despite the trade continuing to talk up the price of fertiliser by €10/t competition for good business continues to see the keenest quotes for CAN range from €308/t to €317/t, with granular urea from €410/t to €420/t. Arkady brought in a boatload of prilled urea to the North East and this is being offered at €410/t bagged or at €395/t in bulk. Market activity has picked up in recent days. The arrival of three new formulations for malting barley known as Malt Master Fertiliser from Glanbia has seen competition hotting in the South Midlands and the South East. Target in response have introduced a compound 11N- 6P-17K containing 1% more phosphorous but competing at the same price.  

Other Compounds (€/t bagged, delivered)
CAN 24% N + 6%S     €315 – €330
CAN 26.5%N + 5%S   €325 – €340
18N-6P-12K + 5%S   €430 – €445
11N-4P-18K    €420
11N- 5P-17K + 5%S + 2%Mg + 2%Na  €425   (Malt Master)
11N-6P-17K    €425 – €440 (Target)
10N-6P-17K + 4%S + 2%Mg + 2%Na  €435 – €455 (Malt Master)
10N-5P-25K    €423 – €430
10N-8P-16K + 4%S + 2%Mg + 2%Na         €460 – €475     (Malt Master) 
13N-6P-17K    €435 – €450
9N-10P-20K    €476 – €490
0 -7P-30K    €420 – €445