gone
Well-Known Member
Nov Maize in France, just dipped back in under €200/T for the first time in over a month.
Have crops improved vastly in France? @Sheebadog
Have crops improved vastly in France? @Sheebadog
Misread that a couple of times, first missed the '22, then thought it was the last of '21 harvest, then read it properly.July/August 2022 wheat was offered today @ €180 (usual specs) for 8000t lots.
Barley €160 same delivery date and €8000t lots.
Absolutely, US Maize is the largest exported commodity of all the grains and always set the tone for all cereal prices.Maize is only just peeping in France.
It’s US maize that sets the price.
Wheat has revived due to rains but the early wheat on shallow ground has taken a big hit. Overall wheat is looking very well now but many areas have sustained frost damage.
I’ll post a few pics of frost damaged wheat and barley if I think of it.
Traditionally commodities are the usual hedge against inflation...and there’s lots of talk about inflation.
Crops have turned inside out..we got 15mm on average but other areas further north got 100+mm. Wheat and barley on deep land are a picture. When we get a dry spring we get good yields and visa versa. The dry spring makes the roots go very deep chasing water and therefore get lots of other macro/micro elements also. Another 15mm would bring them home easily but the frost damage has to be accounted for yet. My estimate is 40-60% losses.Absolutely, US Maize is the largest exported commodity of all the grains and always set the tone for all cereal prices.
Just was wondering how much crops in France had improved since you were last updating us.
I won’t sell anything for a good while. I’m still very nervous that I’ve oversold this years harvest.Misread that a couple of times, first missed the '22, then thought it was the last of '21 harvest, then read it properly.
Are you considering letting any go at those prices?
Prices eased a little over the last couple of weeks, if you don't mind me asking, @Sheebadog, how are crops looking in France now?I won’t sell anything for a good while. I’m still very nervous that I’ve oversold this years harvest.
I’ll keep an eye on the news/hysteria about inflation. There’s bound to be some inflation due to COVID causing delivery/production bottlenecks, not to mention all that cash sloshing around...when the mob start looking for stability it could possibly drive commodities stratospheric!
Interesting times.
Wednesday's news that US Fed moves up its timeline for interest rate hikes as inflation rises? Stocks fell, bond yields rose....huge tumble on cbot wheat as well. What's behind that I wonder
USDA export report.huge tumble on cbot wheat as well. What's behind that I wonder
LowerI wouldn't be over worried, say a chart for US monthly ending stocks last week and its way out of kilter compared to the last 10 year.
Is that around Athy.Any word on how the likes of this could effect price ? I see on the American groups on Facebook they have an awful drought
So far more grain growing areas in the US have been getting enough rain than are in drought, but that might change.Any word on how the likes of this could effect price ? I see on the American groups on Facebook they have an awful drought
Is that around Athy.
The struggle is realI thought that was the Banana Belt...
Bit of a bounce today. On weather n
Bit of a bounce today. On weather news?
yeah, just looked in last few days for contract. i didnt realise maize is $7.20 a bushel , thankfully im gone from the business of buying grain 🙂🙂Quarter end factor I wonder?
I think it was mainly down to a USDA report showing smaller corn and soybean plantings than expected.Quarter end factor I wonder?
I couldn't have got that much more wrong, great to be so wrong,So far more grain growing areas in the US have been getting enough rain than are in drought, but that might change.
Winter wheat harvest is well under way in many parts of the states and yields so far have been good, but again that may change.
So prices for Spring wheat has risen in general, winter wheat prices have eased, prices for maize & soy have eased a lot, but the drought has stopped that price drop and slightly reversed it. The Continent is getting a good amount of rain, so I would expect their yields to be well above average. I think the grain markets are over valued because of money looking for a safe home and unless the US has a poor harvest grain prices will ease back another little bit still.