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 $107.78
Prices quoted are wholesale prices collected ex store for 24t lots, payment seven days from collection. Tractor Diesel (Incl vat) ULSG €0.89
Indicative grain feed ingredient and fuel price update 24th Nov 11 November 25, 2011
Grain Feed Ingredient and Fuel Price Update 17th November 2011 November 18, 2011
The deepening euro-zone crisis is unnerving buyers and investors. Most mills are purchasing on a hand to mouth basis as outside market influences are increasingly determining price direction of late.
|
|
|
17-Nov-11 |
| Soya 49% | Spot |
€290.00 |
| Dec-Jan |
€290.00 |
|
| Feb-Apr |
€290.00 |
|
| May-Oct |
€286.00 |
|
| Corn Gluten | Spot |
€205.00 |
| Nov-Jan |
€205.00 |
|
| Feb-Apr |
NA |
|
| US Dist. | Nov-Dec |
€210.00 |
| Jan-Apr |
€210.00 |
|
| Citrus | Spot |
€196.00 |
| Dec |
€186.00 |
|
| Jan-Apr |
€186.00 |
|
| May-Jul |
€186.00 |
|
|
|
||
| Un-molassed Beet Pulp | Spot |
€204.00 |
| Dec-Apr |
€202.00 |
|
|
|
||
| Cane molasses | Spot |
NA |
|
|
||
| US Soyahulls | Spot |
€170.00 |
| Dec-Apr |
€169.00 |
|
|
|
||
| May-Dec |
€162.00 |
|
| “00″Rape Meal | Nov-Jan |
€188.00 |
| Feb-Apr |
€191.00 |
|
|
|
|
|
| Maize | Spot |
€212.00 |
| Dec Fr |
€212.00 |
|
| Nov-Dec Non EU |
€212.00 |
|
| Jan-Apr Fr |
€214.00 |
|
| Jan-Apr Non EU |
€214.00 |
|
| Wheat | Spot |
€185-190 |
| Max 15% moist | Nov-Dec |
€185-191 |
| Min 72kph | Nov-Dec Imp |
€201.00 |
| Jan-Apr Imp |
€201.00 |
|
|
|
||
| Barley | Spot |
€183-188 |
| Max 15% moist |
|
|
| Min 62kph |
|
|
| Nov-Dec |
€183-191 |
|
| Nov-Dec Imp |
€203.00 |
|
| Jan-Apr Imp |
€203.00 |
|
|
|
||
| Oats | Spot |
€200 |
| Max 15% moist | Nov-Dec |
€200-202 |
| Min 54kph |
|
|
|
|
||
| Exchange rates |
€/st£ |
0.8543 |
|
€/us$ |
1.3484 |
|
| Brent crude oil |
$110.71 |
|
| Tractor Diesel (Incl vat) ULSG |
€0.9040 |
|
| Grain and feed ingredient prices are quoted on a collected ex store basis | ||
| Wheat, barley and oat prices vary depending on location
|
||
|
ULSG – Ultra low sulphur gas oil |
||
Grain Feed Ingredient and Fuel Price Update 4th November 2011 November 9, 2011
|
|
|
04-Nov-11 |
| Soya 49% | Spot |
€306.00 |
| Dec-Jan |
€304.00 |
|
| Feb-Apr |
€302.00 |
|
| May-Oct |
€294.00 |
|
| Corn Gluten | Spot | €204.00 |
| Nov-Jan | €204.00 | |
|
|
||
| Feb-Apr |
NA |
|
| US Dist. | Nov-Dec |
€211.00 |
|
|
||
| Jan-Apr | €211.00 | |
| Citrus | Spot |
€195.00 |
| Dec | €180.00 | |
| Jan-Apr |
€181.00 |
|
| May-Jul |
€177.00 |
|
|
|
||
| Un-molassed Beet Pulp | Spot |
€202.00 |
| Dec-Apr |
€202.00 |
|
|
|
||
| Cane molasses | Spot |
NA |
|
|
||
| US Soyahulls | Spot |
€170.00 |
| Dec-Apr | €166.00 | |
|
|
||
| May-Dec |
€160.00 |
|
|
|
||
| “00″Rape Meal | Nov-Jan |
€196.00 |
|
|
||
|
|
||
| Feb-Apr |
€196.00 |
|
|
|
04-Nov-11 | |
| Maize | Spot |
€212.00 |
| Dec Fr | €213.00 | |
| Nov-Dec Non EU |
€213.00 |
|
|
Jan-Apr Fr |
€217.00 |
|
| Jan-Apr Non EU |
€217.00 |
|
|
|
||
| Wheat | Spot | €187-190 |
| Max 15% moist | Nov-Dec | €188-191 |
| Min 72kph | Nov-Dec Imp | €202.00 |
|
|
||
| Jan-Apr Imp |
€204.00 |
|
|
|
||
| Barley | Spot |
€184-188 |
| Max 15% moist | Nov-Dec | €184-190 |
| Min 62kph |
Jan-Apr Imp |
€206.00
|
|
|
||
| Oats | Spot |
€200 |
| Max 15% moist | Nov-Dec |
€200-202 |
| Min 54kph | ||
| Exchange rates |
€/st£ |
0.8584 |
|
€/us$ |
1.3773 |
|
| Brent crude oil |
$111.56 |
|
| Tractor Diesel (Incl vat) ULSG |
€0.8614 |
|
|
|
||
Grain and Fertiliser Update 09 November 2011 November 9, 2011
- The USDA released its November crop report today. There were no major changes on the wheat front where it was revised marginally higher. The 2011/12 world wheat supply is estimated 2.6Mt higher due to an increase of 2mt in Kazakhstan and 1.16mt in Europe. Total European wheat production is now put at 137.49mt with the main revisions occurring in France, Spain, the UK and the Czech Republic. The increase in world production is offset by increased consumption (+2.4mt).
- On the maize front US yields have been revised to their lowest level since 2003 to 146.7bu/ac taking the market by surprise. However, the 3.1mt fall in production is to an extent offset by anticipated 2.5mt reduction in feed and industrial use. Despite a 30.3mt increase in world maize production increased consumption will see closing stocks for the current marketing year (2011/2012) down 7.5mt on last season to 121.5mt.
- The EU’s market response to the USDA report was muted. Dried Irish grain prices remained unchanged, having improved marginally over the past week. Barley is trading from €184 to €189/t with wheat trading from €187 to €191/t. Oats are trading around the €200/t mark.
- Suppliers are reluctant to quote for fertiliser currently. Bagged CAN delivered farm is being quoted from €300/t to €335/t with the majority of buyers quoting from €320 up. Indications coming from some of the manufacturers are to hold off purchasing for the moment as prices are expected to slip.
Table 1: Fertiliser Prices November 2010 versus 2011
|
November 2010 |
November 2011 |
Price Change |
|
| CAN 27% |
282 – 298 |
300 – 335 |
+ 27.50 |
| Granular Urea |
375 – 400 |
440 + |
+ 53 |
| 10-10-20 |
420 – 440 |
NA |
|
| 18-6-12 |
385 |
NA |
|
*Prices quoted are for product bagged delivered.
