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 | |
Grain Market Report 13th December 2011 December 13, 2011
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).
Grain Feed Ingredient and Fuel Price Update 17th November 2011 November 18, 2011
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
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
- 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 13 September 2011 September 13, 2011
- 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 |








