Combinables Price Tracker

[landslave the 2nd]

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.

And oil storage full by mid May

 

[pellow]

Was offered a £162 for wheat and £139 for barley for harvest by a local feed mill today

 

[Baling Hay]

Was offered a £162 for wheat and £139 for barley for harvest by a local feed mill today

Hope you broke their arm!

 

[David.]

Always with the negative waves.

Barley looks fair price tbh.

 

[Baling Hay]

Always with the negative waves.

 

[David.]

Just been bid £152 ex for May, soft feed wheat.
And no, I didn't break their arm.

 

[David.]

Sorry, my smiles are not working.

 

[Lincsman]

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.

Last year and this maybe, the one before that was massively wet... 65mm over easter.

 

[Chae1]

Last year and this maybe, the one before that was massively wet... 65mm over easter.

Not for us. Last 2 years been dry springs. 2019 it did rain and saved us. 2018 it didn't and fudged us.

 

[Renaultman]

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.

I was just thinking the same, it's since I went on to liquid fert
'go liquid' they said 'put it on when it's raining and you can't get on with normal spraying'
Seriously though I don't think I would go back to solid, but these springs have certainly been challenging.

 

[bert]

£150 if your lucky for feed wheat, slipping back.... ?

 

[radu]

Romania issued military decree last week to ban exports of grains and oilseeds.

And now the ban was lifted. I don't think there's a lot of grain left, not in the farmers stores anyway.

 

[Clive]

so interesting offer

sell remaining h20 milling which is most of it ( high protein “e” wheat) AND next years for £220 deliver 2021 (do carry this years) can take sone cash now (£170 ) on the tonnage

with diesel at 34p and possibilities of filling tanks with cheap N i’m not normally a forward seller but .............

what would you do ?

 

[principal skinner]

I’d do half at that

 

[jack6480]

so interesting offer

sell remaining h20 milling which is most of it ( high protein “e” wheat) AND next years for £220 deliver 2021 (do carry this years) can take sone cash now (£170 ) on the tonnage

with diesel at 34p and possibilities of filling tanks with cheap N i’m not normally a forward seller but .............

what would you do ?

it’ll go higher than that yet

 

[Clive]

I’d do half at that

all or nothing deal by nature of the store / carry over and segregation of the high protein wheat

it’s only about 20% of expected harvedt 2020 wheat but. approx 80% of harvest 2019 as yet unsold

 

[Clive]

it’ll go higher than that yet

im not so sure - recent years history seems to show that beyond £200 short cycle livestock producers don’t restock and fuel production stops

less mouths to feed in the world next year (sadly). and economic disaster/ VERY cheap oil

and we all seem to have totally forgot that brexit thing !

on the flip side domestic specialty milling wheat in a county keen to reduce import dependence ?

 

[John Slejpner]

it’ll go higher than that yet

based on £ weakening relative to peers ?

 

[jack6480]

based on £ weakening relative to peers ?

it’s fun to say it will keep going up

 

[David.]

£170 paid now on 2019 harvest tons, and carry both harvests tonnage into 2021, with a further £50/ ton to come on delivery? Is 2020 tonnage defaultable?