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Wheat
| Commentary |
Last updated -
2008-05-13 16:42:37
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13th May 2008
Old crop futures under pressure again on Tuesday losing up to £3.50 / tonne at the low point. Closed £3 down.
But newcrop again little change.
Liffe weaker early on but recovered to close unchanged.
Matif also unchanged.
CBOT wheat at the time of writing just after the London close, 5 cents down following weaker corn
Liffe close ( Friday ) May £152.50, July £154.00, Nov'08 £139.75, Nov'09 £140.50
Sterling vs euro £0.7957 vs $ £1.9472
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Malting Barley
| Commentary |
Last updated -
2008-05-12 10:04:53
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Malting barley 12.05.08
Lack of buyer support undermines prices. Global brewers continue their policy of not buying malt in the hope of cheaper supplies which in turn limits trade throughout the supply chain. Markets have fallen c. €30 in two months on the back of seeded areas increasing from 2007 to 2008 across the EU, whilst crop ratings remain good and the chances of a weather event damaging the crops becoming lower.
The direction of the market over the next few weeks will ultimately be decided by the weather but with premiums still maintaining a spread of c. £50 over feed barley in a market predicted to be in over supply expect values to come under continual pressure.
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Oilseed
| Commentary |
Last updated -
2008-04-18 13:51:11
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Another week with the fundamentals little changed but with a fair degree of volatility down to significant domestic currency movements, and the US market makers switching from bulls to bears several times over the week, with prices finishing up at the lower end of the range. Despite the limited amount of current crop left to trade, domestic demand on balance was even more limited with the crushers and domestic buyers claiming good cover through to the new season. Buyers for the export market were always there for both the current and new crop at a price but at no advantage with prices eroding with the stronger pound. The crop was still suffering from signifiant pigeon damage in many areas, and was held in check by several nights of sub zero temperatures with many crops just at the start of flowering and needing the better temperatures forecast for the week ahead.
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Pulses
| Commentary |
Last updated -
2008-02-25 14:22:12
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Pulses:
No change in the market on feed beans as old crop gets cleared up only leaving odd small loads left to trade. A few spring beans still coming to the market and prices continue to hold firm. Green peas are trading anywhere fro £220 - £250 depending on location and quality. New crop prices are good with some trade going on.
Oats:
Old crop values hard to establish as only odd bids being found with a lot of oats to sell. Quality on the whole is acceptable as most of feed quality now gone although fallbacks would still be needed in most cases. New crop bids are low at the moment and consequently little or no trade being done.
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Seed
| Commentary |
Last updated -
2008-05-08 14:39:54
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Buyback terms are now available for our HO.LL rapeseed Harvest 2009 - we are delighted to offer a limited amount of V141OL plus old favourite Splendor . It is essential that we as an industry grow what the markets want and that includes HO,LL varieties as part of a Healthy lifestyle
Our invitation to our 1st Energise Event of the year which takes place on May 20th at Pickworth nr HPL in Lincolnshire with kind permission of Charles & Will Gilman is now on the Seeds download section .BASIS & NRoSO pints have been awarded . We want you there so do please complete the fax back form soonest - thanks
We have greatly enhanced our Oilseeds portfolio by the addition of conventional Dekalb variety Cabernet , hybrid variety Dimension Dimension from DSV and the first commercially attractive semi dwarf variety Secure from Dekalb - viist our Seeds Download section for more detail . As ever , seed is very limited of these new additions so early booking is advised.
Goodbye Evict and hello Austral Plus from Syngenta to help in the fight against wireworm and wheat bulb fly - for further detail do visit the Seeds download section . Please note that it is now illegal to purchase Evict but if already on farm usgae is extended to the end of this year 08.
Seed Growers alwaysd required - to meet an increasing demand for our Agriseed product range we urgently need to increase the number of growers - should you have an interest then do please contact your local FBM or the Seeds Office on 01476 862694
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Fertiliser
| Commentary |
Last updated -
2008-04-14 13:55:15
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Fertiliser Market Update 14th April 2008
Latest news in the fertiliser market surrounds China, with a rumoured export tax on all fertilisers of 135% being introduced (currently 35%) from 1st May. This is an attempt to control inflation within the domestic fertiliser market and further a field. As well as being a large importer of fertilisers it is also a large exporter, particularly of Urea and Phosphates. By imposing this tax on home producers it is hoping to divert more production for own usage. Food security in China is a prime concern with rice prices hitting all time highs and some local shortages occurring.
The immediate impact in International markets was for further price rises on all products as Traders reacted to the news.
In March the Russian government announced Tenders for the mining rights to a region believed to contain as much as 40% of the worlds untapped potash reserves. The successful bidders for the three sections involved all paid amounts substantially over the reserve values set.
Closer to home in the UK, local blender producers withdrew prices on a number of products reflecting the raw material market increases. In particular, Potash has again been affected, with increases expected now in the order of £60/tne to be imposed more or less immediately.
A number of people have also been showing interest in Urea for the new season, mainly due to a shipper trying to liquidate some stock. However, as a result of the recent news in China offers were withdrawn very quickly as aspirations suddenly changed.
With very bullish news affecting most product sectors high prices look set to continue.
Russell Davison
01476 862790
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Central Stores
| Commentary |
Last updated -
2007-01-29 09:19:10
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The recent series of central grain storage seminars held in the East Midlands were highly successful with over 150 farmers attending the 5 events. We received some excellent feed back from those that attended of which 67% said they were interested in exploring the opportunity to invest in central grain storage. It is likely that this level of interest is similar in other areas of the UK. If you consider that central grain storage might be a solution for you then please contact us or one of our central storage partners.
We appreciate that central grain storage might not be appropriate for every business; however for many businesses there are some clear benefits:
Cheaper to build than on farm due to the economies of scale.
Lower cost to run due to the use of more efficient technology, ( these efficiencies can out way the cost of haulage to the store.
Add value to crops by cleaning/ drying/ blending and high levels of customer service.
Flexibility to meet the restructuring of arable farms such as contract farming and joint venture farming.
Strategically located well run central grain stores can help farmers reconnect with their market and add value to their grain and with the level of subsidy set to reduce, this will become increasingly important.
The recent EFFP survey suggested much of the grain storage in the UK is getting old and tired and may not be fit for purpose in future and now might be a good time to look at those stores and decide on a future strategy. For some there may be an opportunity to use those stores for non farm storage at good rents which would go a long way towards paying for central grain storage.
So if grain storage is becoming a problem due to expansion or change in your farming business or aging on farm storage please contact us to talk about your future storage needs. Please complete the information request tab & we will contact you.
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Diary Dates
| Commentary |
Last updated -
2008-05-13 07:45:50
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May 20th & 21st Energise Trials at Pickworth & Yorks
June 3rd Cereals & OSR Trials at Simon Carter Farms , Loxwood, Sussex
June 4th Cereal & OSR Trials at Watership Down ,Nr Overton , Hants
June 11th & 12th Cereals @ Leadenham , Lincs
June 18th Cereals & OSR Trials at Littleton , Winchester , Hants
June 24th & 25th Energise Trials at Pickworth & Yorks
June 11/12tth Cereals 08 @ Leadenham , Lincs
Moisture Meter Clinics:
July 1st. Rudgate Office 9.30-3.30.
July 3rd. Bressingham 9.00-3.00.
July 10th. Swanbourne 10.00-3-00.
August 8th Honey Pot Lane 9.00-3.00.
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