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Arable Farming
Cropping
Low N Malting Barley.
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<blockquote data-quote="beltbreaker" data-source="post: 7171162" data-attributes="member: 1171"><p>It was obvious in March there would be oversupply with the crap winter planting last back end. A big carry over from 2019 due to the lockdown hasn't helped.</p><p>Also there was not a lot of give and take with pricing from the Distillers very little 50:50 which is what NFUS argued for from memory. Lots sold on a "Spot"or "TBA" basis which will have skewed the price. Large yields up here and Aberdeenshire is not helping too. </p><p>Next worry for 2021 is how Brexit and Covid work for whisky sales it took until early 2010 before the distillers realised they had a problem of oversupply worldwide after the credit crunch. Potentially there is a fair bit more wheat in the ground in Scotland so that should help but not a lot.</p><p>Guaranteed next Feb/March the press will be full of sow malting barley the future is sound then come June there will be stories of full stores of barley in Scotland and full stores of whisky worldwide and this time next year we will all be girning...</p><p></p><p>The main problem is the pricing mechanism, wheat futures + is a positive way in which the farmer takes responsibility and can only moan at himself if you could do some at wheat future and even some at wheat futures +0 it would save wailing and nashing of teeth.</p><p></p><p>TBA is a crock it is decided by a distiller once they know how much barley is available and the quality. It used to be decided in June and has got later and later.</p></blockquote><p></p>
[QUOTE="beltbreaker, post: 7171162, member: 1171"] It was obvious in March there would be oversupply with the crap winter planting last back end. A big carry over from 2019 due to the lockdown hasn't helped. Also there was not a lot of give and take with pricing from the Distillers very little 50:50 which is what NFUS argued for from memory. Lots sold on a "Spot"or "TBA" basis which will have skewed the price. Large yields up here and Aberdeenshire is not helping too. Next worry for 2021 is how Brexit and Covid work for whisky sales it took until early 2010 before the distillers realised they had a problem of oversupply worldwide after the credit crunch. Potentially there is a fair bit more wheat in the ground in Scotland so that should help but not a lot. Guaranteed next Feb/March the press will be full of sow malting barley the future is sound then come June there will be stories of full stores of barley in Scotland and full stores of whisky worldwide and this time next year we will all be girning... The main problem is the pricing mechanism, wheat futures + is a positive way in which the farmer takes responsibility and can only moan at himself if you could do some at wheat future and even some at wheat futures +0 it would save wailing and nashing of teeth. TBA is a crock it is decided by a distiller once they know how much barley is available and the quality. It used to be decided in June and has got later and later. [/QUOTE]
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Low N Malting Barley.
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