Rumours of a peace deal.
I sold 3 loads at that. harvest. I’m getting too the point that we can’t farm under these circumstances. Fert £700+ fuel £1.20 ltr. and 30mm of rain since March In drips and drabs.£282 ex feed may 23
Fuel price is going upwards if anything and is certainly not falling currently!It is some consolation that the fuel price is falling.
Farmers are selling grain into a market where buyers are unwilling to participate.
I dare say some speculators have caught a cold this week.
Needs to be sub £200 for livestock production unless the prime price for beef/lambs/ pork and chicken and the egg price rises 20/30% very quickly and that is very unlikely!Gonna be some serious money made and lost if this slide carries on much longer.Personally I think £250-280 is a good place for it to settle,it ain’t sustainable for livestock production at over £300.
250Feed oats price
The thing is I, as most, would be selling wheat over the last 6 months whether it was £200 or £300, paying £350 didnt create any more wheat, and Mr Miller should have known he would still be getting it without the panic buying, seems it has now dawned on him.So is the sentiment that grain has levelled off to a realistic price not to come back or that the fundamentals are that we are still a lot shorter of grain in the real world than everyone wishes?
I definitely think UK will have above average
I did Nov 22 at £360 (takes my average for the first 5t/ha to 230 )I've got some may 23 feed at £340+.....still time for that to be a crap price!