IFA Grain & Inputs

Latest Cereal & Input Prices

Input Prices 18th April 2012 April 18, 2012

Filed under: Barley,Grain,Harvest,Oats,Oil Seed Rape — Ethan Cleary @ 3:39 pm

Non Grain Feed Ingredients

 Soya 49% Spot €387.00
Apr €387.00
May €387.00
Jun – Oct €384.00
Nov – Apr €380.00
Corn Gluten Spot NA
Apr – May NA
Jun – Sep €210.00
US  Dist. Apr – May €257.00
Jun- Aug €257.00
Citrus Apr – May €188.00
May-Jul €188.00
Un-molassed Beet Pulp Spot NA
Apr-Jun NA
Cane molasses Spot €164.00
 US Soyahulls Spot €186.00
Apr – May €186.00
Jun – Oct €185.00
Nov – Apr €188.00
“00″Rape Meal Spot €278.00
Apr €278.00
May €276.00
Jun – Jul €275.00
August €237.00

Grains

Maize Spot €238.00
Apr €238.00
May – Sep €239.00
Oct NC €214.00
Nov-Dec €215.00
Wheat Spot €226-228
Max 15% moist Apr €226-228
Min 72kph Apr Imp €235.00
May-Jun €235.00
Jul Imp €237.00
Sep-Dec NC Imp €207.00
Sep-Oct NC Irish €195-196
Barley Sep-Dec NC Imp €207.00
Max 15% moist Sep-Oct NC Irish €195-196
Min 62kph Spot €225-228
Apr-May €225-228
Apr-May Imp €234.00
Oats Sep NC Imp NA
Max 15% moist Sep NC Irish €187-190
Min 54kph Spot €215
Apr-May €215

Exchange rates

€/st£ 0.8284
€/us$ 1.3132

Fuel

 Brent crude oil $117.25
Tractor Diesel (Incl vat) ULSG €0.9461
Marked gas oil (Incl vat) €0.9281
 

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

 


 

Grain Market Report 13th December 2011 December 13, 2011

Filed under: Grain,Harvest,Milling — Ethan Cleary @ 12:09 pm

Price direction for grain continues to be set by outside market influences as the eurozone debt crisis rumbles on. End users continue to buy on an as you need basis. Dried wheat is trading from €183/t to €185/t, barley from €179/t to €186/t and oats from €200/t to €205/t.

The International Grains Council in its November grain report sees consumption continuing to outstrip production, forecasting grain stocks to fall by a further 10mt by the end of the 2011/12 marketing year. However, wheat stocks are forecast to finish the season higher.

World grain prices have fallen significantly since the start of harvest with Black Sea milling wheat setting the tone, heavily discounting other origin wheat by up to $40/t in early season trading. In recent days the gap has fallen to $2/t fallen. Maize continues to command a premium but this has narrowed as demand falls and users switch to cheaper feed grains.

Barley prices have bucked the trend as world and EU stocks continue to fall. EU closing stocks for the current marketing year are expected to fall to 7mt similar to the 2007 levels. Prices in many EU countries are now on a par with feed wheat or marginally higher.

The EU remains a net exporter of grain this season running at 5.9mt but down from 9.6mt the previous season. Since the start of the 2011/12 marketing year EU imports are up by 0.7mt on last year to 5.6mt. These consist of 2.8mt of soft wheat, 931,000t of durum wheat, 1.8mt of maize and 98,000t of barley. Exports are lagging behind down 3.1mt on last season but 2.3mt ahead of the previous season. Soft wheat (including flour) is the biggest export running at 7.2mt, barley at 1.9mt, maize at 1.5mt and durum wheat at 683,000t

EU production, despite a marginally lower area (-0.9%) and a sustained drought in some of the key producing regions (France, Germany and Poland) was marginally up on last season (+0.9mt).

 

Indicative grain feed and fuel price update 5th Dec 2011 December 5, 2011

Filed under: Barley,CAN,Currency,Europe,Feed,Fuel,Grain,Harvest,Oats,Oil Seed Rape,Soya — Ethan Cleary @ 5:34 pm
Tags:

Markets are quiet with buyers purchasing on an as you need basis. Outside influences from the financial markets continue to set price direction.

EU futures markets closed the week higher, with wheat up marginally and maize the biggest winner.

 

 

05-Dec-11

 Soya 49% Spot

€286.00

  Dec-Feb

€286.00

  Apr

€282.00

   
  May-Oct

€281.00

   
Corn Gluten Dec-Jan

€196.00

   
  Feb-May

€196.00

 

 

US  Dist. Dec

€205.00

   
  Jan-Apr

€205.00

   
Citrus Spot

€196.00

  Dec

€196.00

  Jan-Apr

€186.00

  May-Jul

€186.00

 

 

Un-molassed Beet Pulp Spot

€204.00

Jan-Apr

€202.00

 

 

Cane molasses Spot

€163.00

 

 

 

 

 US Soyahulls Spot

€165.00

  Dec-Apr

€165.00

  May-Dec

€161.00

   
“00″Rape Meal Dec-Jan

€178.00

 
  Feb-Apr  

 

 

 

Maize Spot

€211.00

  Jan-Apr Fr

€212.00

  Jan-Apr Non EU

€212.00

   
Wheat Spot

€184-186

Max 15% moist Dec

€184-186

Min 72kph Dec Imp

€194.00

 

 

  Jan-Apr Imp

€195.00

 

 

 

 

Barley Spot

€180-185

Max 15% moist

 

Min 62kph

 

  Dec

€180-185

  Dec Imp

€195.00

  Jan-Apr Imp

€196.00

 

 

 

 

   
Oats Spot

€200-202

Max 15% moist Dec

€200-202

Min 54kph

 

 

 

Exchange rates

€/st£

0.8593

 

€/us$

1.3442

   Brent crude oil

$111.35

  Tractor Diesel (Incl vat) ULSG

€0.8962

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
LIFFE Wheat (UK)

£/t

MATIF Wheat (France)

€/t

MATIF Maize (France)

€/t

Contract

25/11/2011

02/12/2011

Change

Contract

25/11/2011

02/12/2011

Change

Contract

25/11/2011

02/12/2011

Change

2012 Jan

142.25

143.15

+0.90 (0.63%)

2012 Jan

181.00

181.25

+0.25 (0.14%)

2012 Jan

179.75

184.00

+4.25 (2.36%)

2012 Mar

142.50

143.95

+1.45 (1.02%)

2012 Mar

175.75

178.50

+2.75 (1.56%)

2012 Mar

179.50

183.50

+4.00 (2.23%)

2012 May

144.50

145.15

+0.65 (0.45%)

2012 May

175.50

178.00

+2.50 (1.42%)

2012 Jun

181.50

184.75

+3.25 (1.79%)

2012 Jul

145.50

146.15

+0.65 (0.45%)

2012 Aug

161.75

164.25

+2.50 (1.55%)

2012 Aug

182.25

186.75

+4.50 (2.47%)

2012 Nov

138.50

139.25

+0.75 (0.54%)

2012 Nov

174.75

177.75

+3.00 (1.72%)

2012 Nov

168.75

172.25

+3.50 (2.07%)

2013 Jan

141.50

142.25

+0.75 (0.53%)

2013 Jan

175.00

178.25

+3.25 (1.86%)

2013 Jan

167.75

172.25

+4.50 (2.68%)

2013 Mar

142.75

143.50

+0.75 (0.53%)

2013 Mar

175.50

177.75

+2.25 (1.28%)

2013 Mar

167.75

171.25

+3.50 (2.09%)

2013 May

144.90

145.65

+0.75 (0.52%)

2013 May

175.00

178.00

+3.00 (1.71%)

 

 

2013 Jul

144.90

145.65

+0.75 (0.52%)

 

 

 

 

2013 Nov

139.00

138.75

-0.25 (-0.18%)

 

 

 

 

 

 

 

Indicative grain feed ingredient and fuel price update 24th Nov 11 November 25, 2011

Filed under: Barley,Currency,Europe,Feed,Fuel,Grain,Harvest,Maize,November 2011,Oil Seed Rape,Soya — Ethan Cleary @ 6:53 pm

This week saw a sustained sell off of grain and  oilseed contracts as funds move to limit risk exposure in response to the deepening euro-zone crisis, its impact on the world’s economy and a slowdown in Chinese demand. Irish grain prices moved lower with dried barley now trading from €181 to €186/t and wheat from €181 to €184/t. Oat prices remained static trading from €200 to €204/t with a premium of €4/t to €6/t on offer for quality oats destined for the horse market.

Irish winter cereal sowings for the 2012 harvest have increased. Certified seed sales indicate a 15% increase in the winter barley sowings, 9% increase in wheat but no change in oat sowings.

Table 1: Crop 2012 winter cereal sowing estimates (ha)


Crop year

Winter Barley

Winter Wheat

Winter Oats

2011

34,324

74,973

8,597

2012

39,473

81,721

8,597

Increase (ha)

5,149

6,748

0

24-Nov-11

 Soya 49% Spot

€288.00

Dec-Mar

€286.00

Apr-Oct

€282.00

Corn Gluten Spot

€204.00

Nov-Jan

€204.00

Feb-Apr NA
US  Dist. Nov-Dec

€209.00

Jan-Apr

€209.00

Citrus Spot

€196.00

Dec

€186.00

Jan-Apr

€186.00

May-Jul

€186.00

Un-molassed Beet Pulp Spot

€203.00

Dec-Apr

€201.00

Cane molasses Spot NA
 US Soyahulls Spot

€168.00

Dec-Apr

€167.00

May-Dec

€161.00

“00″Rape Meal Nov-Jan

€181.00

Feb-Apr

€181.00

24-Nov-11

Maize Spot

€207.00

Dec Fr

€207.00

Nov-Dec Non EU

€207.00

Jan-Apr Fr

€208.00

Jan-Apr Non EU

€208.00

Wheat Spot €181-184
Max 15% moist Nov-Dec €181-184
Min 72kph Nov-Dec Imp

€192.00

Jan-Apr Imp

€194.00

Barley Spot €181-186
Max 15% moist
Min 62kph
Nov-Dec €181-186
Nov-Dec Imp

€196.00

Jan-Apr Imp

€197.00

Oats Spot

€200

Max 15% moist Nov-Dec €200-204
Min 54kph
Exchange rates €/st£

0.8606

€/us$

1.3373

 Brent crude oil

$107.78

Prices quoted are wholesale prices collected ex store for 24t lots, payment seven days from collection. Tractor Diesel (Incl vat) ULSG

€0.89

 

 

Grain Feed Ingredient and Fuel Price Update 17th November 2011 November 18, 2011

Filed under: Currency,Europe,Feed,Fuel,Grain,Harvest,Milling,November 2011,Oats,Oil Seed Rape,Soya — Ethan Cleary @ 3:05 pm

The deepening euro-zone crisis is unnerving buyers and investors. Most mills are purchasing on a hand to mouth basis as outside market influences are increasingly determining price direction of late.

 

 

17-Nov-11

 Soya 49% Spot

€290.00

  Dec-Jan

€290.00

  Feb-Apr

€290.00

   
  May-Oct

€286.00

   
Corn Gluten Spot

€205.00

  Nov-Jan

€205.00

   
  Feb-Apr

NA

   
US  Dist. Nov-Dec

€210.00

   
  Jan-Apr

€210.00

   
Citrus Spot

€196.00

  Dec

€186.00

  Jan-Apr

€186.00

  May-Jul

€186.00

 

 

Un-molassed Beet Pulp Spot

€204.00

Dec-Apr

€202.00

 

 

Cane molasses Spot

NA

 

 

 US Soyahulls Spot

€170.00

  Dec-Apr

€169.00

 

 

  May-Dec

€162.00

   
“00″Rape Meal Nov-Jan

€188.00

 
  Feb-Apr

€191.00

 

 

 

Maize Spot

€212.00

  Dec Fr

€212.00

  Nov-Dec Non EU

€212.00

  Jan-Apr Fr

€214.00

  Jan-Apr Non EU

€214.00

   
Wheat Spot

€185-190

Max 15% moist Nov-Dec

€185-191

Min 72kph Nov-Dec Imp

€201.00

  Jan-Apr Imp

€201.00

 

 

Barley Spot

€183-188

Max 15% moist

 

Min 62kph

 

  Nov-Dec

€183-191

  Nov-Dec Imp

€203.00

  Jan-Apr Imp

€203.00

 

 

Oats Spot

€200

Max 15% moist Nov-Dec

€200-202

Min 54kph

 

 

 

Exchange rates

€/st£

0.8543

 

€/us$

1.3484

   Brent crude oil

$110.71

  Tractor Diesel (Incl vat) ULSG

€0.9040

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

 

Grain Feed Ingredient and Fuel Price Update 21st October 2011 October 21, 2011

Filed under: Currency,Europe,Feed,Fuel,Grain,Harvest,Maize,Oats,Oil Seed Rape,Soya — Ethan Cleary @ 3:26 pm

Grain prices continue to lag imported. Many buyers took a level of cover from October until Christmas earlier in the month. Much of the buying done over the last week has been on a spot basis as the market lacks clear direction. Spot barley is trading from €179/t to €181/t, with €180/t to €183/t on offer for November / December. Spot wheat prices are from €184/t to €186/t,  with €185/t to €187/t on offer for November / December.  Oat prices have hardened, with €200/t on offer for November / December.

 

 

21-Oct-11

 Soya 49% Spot

€307.00

  Nov-Jan

€304.00

  Feb-Apr

€305.00

   
  May-Oct

€298.00

   
Corn Gluten Spot

€206.00

  Oct-Dec

€206.00

   
  Jan-Apr

NA

   
US  Dist. Spot

€212.00

  Oct-Dec

€212.00

   
  Jan

€212.00

   
Citrus Spot

€189.00

  Nov

€187.00

  Dec

€177.00

  Feb-Apr

€177.00

 

 

Un-molassed Beet Pulp Spot

€195.00

Oct-Dec

€198.00

 

 

Cane molasses Spot

NA

 

 

 US Soyahulls Spot

€172.00

  Nov

€169.00

 

 

  Dec-Apr

€167.00

   
“00″Rape Meal Spot

€199.00

Oct

€199.00

   
  Nov-Jan

€199.00

  Feb-Apr

€199.00

 

 

21-Oct-11

Maize Spot

€210.00

  Oct Non EU

€210.00

   
  Nov-Dec Fr

€211.00

  Nov-Dec Non EU

€211.00

  Jan-Apr Fr

€214.00

  Jan-Apr Non EU

€214.00

   
Wheat Spot

€184-186

Max 15% moist Nov-Dec

€185-187

Min 72kph Nov-Dec Imp

€196.00

 

 

  Jan-Apr Imp

€200.00

 

 

Barley Spot

€179-182

Max 15% moist

 

Min 62kph

 

 

 

  Nov-Dec

€180-183

  Oct-Dec Imp

€199.00

 

 

Oats Spot

€197

Max 15% moist Nov-Dec

€200

Min 54kph

 

 

 

Exchange rates

€/st£

0.8701

 

€/us$

1.3865

   Brent crude oil

$111.45

  Tractor Diesel (Incl vat) ULSG

€0.8420

Wheat, barley and oat prices vary depending on location  ULSG – Ultra low sulphur gas oil 

 

 

 

Grain Update 13 October 2011 October 14, 2011

Filed under: Europe,Feed,Grain,Harvest,Wheat — Ethan Cleary @ 2:42 pm


  • Wednesday’s USDA crop report was viewed as bearish for maize, milling and feed wheat as global stocks were revised upwards. Markets were unnerved over the last fortnight as news filtered through that world carryover maize stocks would be revised upwards.

 

  • Wheat global ending stocks were raised by 7.8mt (4%) to 202.4mt due to a combination of higher production and projected lower feed use (-4.6mt). Global wheat supplies are estimated at 876.8mt, giving a stock to use ratio of 30% for the current marketing year. The main upward revisions have been in Australia +5.4mt, Kazakhstan +3mt, EU +0.5mt, South Africa and Canada by +0.2mt.

 

  • On the maize front global ending stocks have been revised up by 5.8mt, driven by increased production mainly in China (+4mt), the Ukraine (+3mt) and Russia (+0.5mt) In the report US production was cut the third month in a row. US supplies still remain at their lowest level since the mid nineties. Traders were surprised when US yields were not revised up as anecdotal evidence suggested that early harvested yields were ahead of expectations.  Latest reports would suggest that yields are tailing off as harvest progresses. Despite a record Chinese grain harvest of 550mt this year China is expected to purchase 9mt of grain for this current marketing year.  The recent fall in maize prices (22% since September) has seen China re-enter the market reportedly purchasing 1.5mt of US corn this Tuesday.

 

  • Goldman Sachs in its latest report indicated that there was further downside in the short term (three to six months) on milling wheat prices due to plentiful supplies and the prospects of a good harvest in the Southern Hemisphere. Tight maize stocks had been the key price driver for world grains in recent months.  The larger than expected upward revision in maize stocks is pressuring prices lower as funds switch to purchase soybean contracts, which are expected to outperform maize and wheat prices.

 

  • Irish dried grain prices followed world grain prices lower this week with spot barley trading from €178 to €181/t and November + €1/t on current prices. Spot wheat is trading from €184 to €186/t with November from €185 to €186/t. Dried oats are trading around the €195/t

Dairygold finalised their harvest prices for green grain last week:

Feed barley                   €160/t

Feed wheat                    €168/t

Contract oats                 €160/t

Non contract oats        €160/t

Malting barley              €200/t

 

*The above prices are exclusive of vat and inclusive of the loyalty bonus

 

Grain Update 21st September 2011 September 22, 2011

Filed under: Barley,Europe,Feed,Grain,Harvest,Maize,USDA,Wheat — Ethan Cleary @ 10:37 am

The ongoing turmoil on financial markets over the last week is impacting on agricultural commodity prices. Compounders are buying hand to mouth as some merchants and farmers move to offload surplus grain rather than take outside stores. Spot barley is trading from €186/t to €189/t, with plus €3/t on offer for November.

Wheat prices eased by €2/t to €3/t since Monday, with €193/t to €196/t on offer for spot movement and €196/t to €199 on offer for November collection. Poorer than expected US crop ratings at the start of the week for both soybeans and maize continues to underpin protein and feed grain prices. However, some analysts are saying that the write down of US corn yields has been overdone and that yields may be revised upwards in the USDA’s October crop report.

 

Grain Update 13 September 2011 September 13, 2011

Filed under: Grain,Harvest,Maize,Milling,Oil Seed Rape — Ethan Cleary @ 3:53 pm
  • Yesterday’s USDA report was supportive of maize prices as stocks and production were revised down further but was negative towards milling wheat and soybeans. US maize crop production was cut by 3.2% since August to 148bu/ac. This is the second downgrade of the US maize crop in the last two months and agronomists are predicting that the crop will be written down again in October. Private analysts predict that exports will be ahead of the agency’s predictions as ethanol producers’ margins remain positive. Markets were taken by surprise at the 3% increase in global wheat stocks due to increased output in the EU, Canada and the Ukraine.

  • Production and stocks for both soybean and wheat were also expectedly revised upwards driving US prices soybean prices down by over 2%. US soybean yields have been raised by 0.4bu/ac above the August forecast to 41.8bu/ac but are still 1.7bu below last year’s yield. In some quarters expectations are that bean yields will be revised lower come harvest. On the world wheat front production has been revised up by 6mt, consumption by 1.9mt and ending stocks by 5.72mt

 

  • A weaker euro against the US$ and st£ coupled with strengthening maize prices is supporting feed grain prices. Spot dried wheat is trading from €196 to €198/t with barley from € 87 to €189/t. November wheat is + €4/t with barley + €3/t on current prices.

 

  • This year’s contract malting barley price supplied to Boortmalt has been agreed at €208/t (at 20%moisture excluding vat). Surplus and non spec contract malting barley has been agreed at €170/t.

 

Table 1: Feed / milling and oilseed futures prices 13 September 2011 (3.30pm)

LIFFE Wheat £ / tonne MATIF Wheat € / tonne MATIF Rapeseed € / tonne

Nov-11

166.50 (-0.90)

Nov-11

207.50 (-0.50)

Nov-11

445.75 (-2.00)

Jan-12

168.35 (-0.55)

Jan-12

208.00 (-0.25)

Feb-12

432.75 (-2.50)

Mar-12

170.40 (unch)

Mar-12

208.50 (-0.25)

May-12

427.00 (-2.75)

May-12

172.75 (-0.75)

May-12

209.00 (unch)

Aug-12

410.25 (-2.25)

Jul-12

173.90 (unch)

Aug-12

196.25 (unch)

Nov-12

411.75 (-3.25)

Nov-12

155.00 (-0.75)        

Nov-13

142.00 (unch)        

 

Table 2: ECB Exchange Reference Rates

 

  Wednesday Thursday Friday Monday Tuesday
 

07-Sep-11

08-Sep-11

09-Sep-11

12-Sep-11

13-Sep-11

€1 =

         

st£

0.8780

0.8767

0.8659

0.8602

0.8632

US$

1.4036

1.4044

1.3817

1.3656

1.3645

 

 
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