Combinables Price Tracker
- Thread starter Jerry
- Start date
John Slejpner
Member
- Location
- Brick clay near Bedford
I do occasionally 
Currently clueless
Currently clueless
Also currently clueless!
May feed wheat around £151. Nov 20 £158, so the carry just about covers storing unsold old crop into new. Still a lot of maize around plus 11 mmt of US maize that's not going into a depressed ethanol market. Old crop osr feeling the pinch of reduced oil demand from biodiesel and fast food cooking. 9.7 million barrels/day production cut agreed by OPEC Plus on the back of global oil demand dropping by 1/3. Brent Crude still only $31/barrel. FTSE 5843, down from 7674 in Jan but up from 4994 23/3/20
Sell or carry old crop through??? I'd sell, if only to clear the sheds ready for a new crop that seems to be getting smaller every day it doesn't rain.
On the upside, where is the wheat trade going to come from if the Russians step back from exports? Yes, the world has big stocks of wheat and maize on paper but look at where they are - China.
May feed wheat around £151. Nov 20 £158, so the carry just about covers storing unsold old crop into new. Still a lot of maize around plus 11 mmt of US maize that's not going into a depressed ethanol market. Old crop osr feeling the pinch of reduced oil demand from biodiesel and fast food cooking. 9.7 million barrels/day production cut agreed by OPEC Plus on the back of global oil demand dropping by 1/3. Brent Crude still only $31/barrel. FTSE 5843, down from 7674 in Jan but up from 4994 23/3/20
Sell or carry old crop through??? I'd sell, if only to clear the sheds ready for a new crop that seems to be getting smaller every day it doesn't rain.
On the upside, where is the wheat trade going to come from if the Russians step back from exports? Yes, the world has big stocks of wheat and maize on paper but look at where they are - China.
John Slejpner
Member
- Location
- Brick clay near Bedford
Also currently clueless!
May feed wheat around £151. Nov 20 £158, so the carry just about covers storing unsold old crop into new. Still a lot of maize around plus 11 mmt of US maize that's not going into a depressed ethanol market. Old crop osr feeling the pinch of reduced oil demand from biodiesel and fast food cooking. 9.7 million barrels/day production cut agreed by OPEC Plus on the back of global oil demand dropping by 1/3. Brent Crude still only $31/barrel. FTSE 5843, down from 7674 in Jan but up from 4994 23/3/20
Sell or carry old crop through??? I'd sell, if only to clear the sheds ready for a new crop that seems to be getting smaller every day it doesn't rain.
On the upside, where is the wheat trade going to come from if the Russians step back from exports? Yes, the world has big stocks of wheat and maize on paper but look at where they are - China.
The current and potential US maize stocks worry me.
I know there are limits to how much we can use.... but US maize at a UK port at circa £110 is a future possibility.
Some US farmers extrapolating their situation can see ex farm corn at sub 3 dollars a bushel this autumn.
Already in US chickens are being composted as they can't all be processed, and the ability to process hogs is less than the supply pipeline, so they are starting to back up on farm too. According to farmers on AgTalk.
Hardly major players in the world market, but interesting nonetheless. 4-6mmt/year, some of which might not be theirs as they are at the mouth of the Danube, one of Europe's major grain barge freight routes. Russia is the world's biggest wheat exporter - if they do this it too will be a big price mover.
You're probably right. I was only looking at their wheat exports, not total grain exports.
Romania becomes EU’s main cereal exporter - Business Review
Business - Romania has become the main cereal exporter among the European Union member states, leading the economic bloc in terms of wheat and maize exports to other
business-review.eu
Chae1
Member
- Location
- Aberdeenshire
Interesting to see what prices do today when markets open again.
What have they done?
fieldfarmer
Member
Down by the looks of things for May by a £3
Jo28
Member
- Location
- East Yorks
What 20 harvest?
fieldfarmer
Member
It says old crop so would think harvest 19.
- Location
- Essex/Herts Border
The later part of his post mentions making room for harvest 20, I think @Jo28's post was a question said in jest 'What harvest 2020?'
Chae1
Member
- Location
- Aberdeenshire
Not good. Down.
I'm not selling anymore forward until we get rain. Crops established well and putting down plenty roots.
Was speaking to agronomist today. Going to try some strip till spring barley next year to try and conserve moisture and see if any benefits.
Dry springs seem to be coming the norm.