Combinables Price Tracker

I.am watching european weather, and this heat dome predicted last weekend is not building with the intensity predicted. So far anyway.
Currently 33 degrees in both Paris and Berlin RH in Berlin is 25% and its breezy.
Germany might be the story here - hot enough and dry enough early enough in grainfill.
Agree with CB, if corn is trying to pollinate big heat can be a real problem.
 

PSQ

Member
Arable Farmer
Watching LIFFE yesterday, Nov '19 wheat trading up 85p all day to the close, but the market opens down 50p across the board this morning.

- Why?

Is their an element of overnight trading to kick the legs out of daytime rises, or is it up to someone at LIFFE to arbitrarily decide where the market opens?
 
Friday USA acres planted report may move the market but which way is any ones guess
Report surveyed early June so later crop may or may not get counted
Prevent plant acres get counted as planted in percentage plant but may now be planted to forage
Rain makes grain according to traders but prevents field work and promotes weeds ,washes nitrogen to below root depth
Farmers in wet areas say no crops planted
In the uk dull wet June has given low yields in the past
Hot weather in Europe too late or not

There are so many issues that the market is bouncing about in the 140s in the east

Where would we be with a remain referendum and David Cameron as pm still strong £
A lot lower prices

An agreed brexit by Christmas and good yield world wide we could be the same

Or no deal and low yields

To many unknowns either known or unknown ones
Harvest the crop assess the results then decide
on average over the last 20 year that has not been any worse than selling a percentage foreword or using pools
picking the right strategy in every year is impossible just pure luck
 
USA report put the planted acres of maize at 91.7 million acres
Only 1 million less that planned
Soya beans planted a lot less than planned
Corn now limit down
Wheat down
Beans up

Monday will be a interesting day for grain prices is London wheat down heavy or has the European weather burnt up crops
 

Neddy flanders

Member
BASE UK Member
USA report put the planted acres of maize at 91.7 million acres
Only 1 million less that planned
Soya beans planted a lot less than planned
Corn now limit down
Wheat down
Beans up

Monday will be a interesting day for grain prices is London wheat down heavy or has the European weather burnt up crops
so were all the photos on Twitter of Illinois underwater all fake?
 

B'o'B

Member
Arable Farmer
Location
Rutland
so were all the photos on Twitter of Illinois underwater all fake?
“Fake news.
Very bad.
So bad. So so bad.
I’m the greatest, more greaterly than any other of our other presidents. I’m more modest, the most modest. I mean just so modest, the best at being modest.
Floods are fake news, fake fake news.
I grow the greatest crops, the best crop. Even the weather couldn’t stop my crops being the greatest.”
 
Looking into the figures on the planting survey
The farmers in the USA are asked to fill in planted acres
And if it is not planted the intended to plant acres

So farmers over there planted 91.7 million acres (headline acres) of corn of which
15 million had not been planted

For soya beans the figure is 80 million planted of which 30 million are intended to plant

The question is how many of the unplanted acres will not be planted
It is still wet and cool in a lot of places
So we now do not know the acres planted nor the likely yield from late planted waterlogged crops that are getting later

The other big potential spanner in the works is when the first frost hits
If maize is not far enough advanced when it gets a frost is reduces yield considerably

So what do we do regarding sales here
If the markets decide to believe the headline acres the we are gaining to see lower wheat prices here Next week

Other issue in the wheat harvest is that it is very wet and harvest is a couple of week behind some reports it is the latest for many years for some the latest ever

Hot weather in Europe cannot be good for later crops
Hot weather here may affect yields especially for later flowering crops
 

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