Combinables Price Tracker

Homesy

Member
Location
North West Devon
These prices are a bubble waiting to burst. They are simply unaffordable. Majority of cereals goes to livestock. The price of meat and milk has not risen inline with costs, not just here in the UK but across the world. People cannot afford to pay these prices. They will come down as they have before. Very high prices are always followed by very low prices.
Wheat sub £140 next July.
 

lloyd

Member
Location
Herefordshire
These prices are a bubble waiting to burst. They are simply unaffordable. Majority of cereals goes to livestock. The price of meat and milk has not risen inline with costs, not just here in the UK but across the world. People cannot afford to pay these prices. They will come down as they have before. Very high prices are always followed by very low prices.
Wheat sub £140 next July.
No these prices are a reality check .Wheat was way over £100t in 1984.
Infact you will nearly be able to forward sell Nov22 wheat for£200t.
 

teslacoils

Member
Location
Lincolnshire
These prices are a bubble waiting to burst. They are simply unaffordable. Majority of cereals goes to livestock. The price of meat and milk has not risen inline with costs, not just here in the UK but across the world. People cannot afford to pay these prices. They will come down as they have before. Very high prices are always followed by very low prices.
Wheat sub £140 next July.

Rubbish. Folk will get used to paying a tiny fraction more for food.
 

PSQ

Member
Arable Farmer
Location
Scottish Borders
These prices are a bubble waiting to burst. They are simply unaffordable. Majority of cereals goes to livestock. The price of meat and milk has not risen inline with costs, not just here in the UK but across the world. People cannot afford to pay these prices. They will come down as they have before. Very high prices are always followed by very low prices.
Wheat sub £140 next July.

Ok, if that’s what you want to believe.

But I would suggest you bite the bullet and forward buy your cereal requirements now, as the bubble is going to get a lot bigger and be around for a lot longer than you imagine.
My target for forward selling Nov 22 wheat was £200. With input prices potentially restricting output across the globe, I don’t know if I would take an offer of £230. Throw in the predicted La Niña and another unforeseen event, and all bets are off.

Edit:
@Homesy . Just had a look at todays futures, Nov 22 is up another £4.85 to £195.
If you want to buy ‘cheap’ cereals then the boat is about to sail. Moan all you want, but don’t say you weren’t warned.
 
Last edited:

bobk

Member
Location
stafford
Ok, if that’s what you want to believe.

But I would suggest you bite the bullet and forward buy your cereal requirements now, as the bubble is going to get a lot bigger and be around for a lot longer than you imagine.
My target for forward selling Nov 22 wheat was £200. With input prices potentially restricting output across the globe, I don’t know if I would take an offer of £230. Throw in the predicted La Niña and another unforeseen event, and all bets are off.
is that similar to El Nino ?
 

whiteford

Member
Arable Farmer
Location
Highlands
Well it has to come down eventually, whether it's soon enough for this growing season is the gamble. £4.50 gain in Nov 22 futures would suggest the money men aren't convinced yet.
 
The price of n will reduce yields to below trend
over 2 billion tonnes of grains produced in the world if trend yield is reduced by only 5 % because of reduced n use
100 million tonnes less yield in 2022

the last 5 years record world production has just kept up with record consumption

When if there is a drought in major producers the world will be saved as the biofuel usage can be switched

in the 80s 90s there we’re government stock piles in the western world
 

CHAP Webinar - Innovative tools to overcome the challenges of Regen Ag

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Applying principles of regen ag can incur a range of on-farm challenges. Learn how innovative tools & machinery can help with these hurdles.

This event will be held online from 1pm to 2pm on Thursday 2nd December 2021 so please block it out in your diary.

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