The unusual warm weather forecast for the Easter weekend after bitterly cold winds over the last week will be welcomed by those with both crops in the ground, and livestock waiting to go out to grass.
Crops have certainly shown some reluctance to grow with recent cold temperatures, but with highs of 17 degrees forecasted later this week, things will certainly start to change!
Despite being in need of some rain, conditions couldn't have been better so far for those with spring drilling to finish and for potato growers who are busy planting.
Wheat futures are up £3/t from last week, largely due to the continued dry weather in Europe beginning to raise concern with analysts for the 2019 harvest yield potential. A weakening in the value of sterling is also contributing to stronger new crop values.
The US are still experiencing bad weather which is delaying maize planting, this could impact prices over the coming weeks if the overall planting area is down.
However, high US wheat stocks and a big maize crop in Brazil, coupled with the fact that maize continues to trade at a deficit to wheat, is likely to keep pressure on UK wheat values.
Algeria have purchased 540,000 tonnes of wheat for June, suggesting an improved export pace for old crop wheat.
The milling market is still offering a premium of around £25/t over feed, although German milling wheat is at or approaching import parity in Scotland and the North. Market movements in imported milling wheat over the next couple of months is going to be important for the UK milling wheat price.
For those with any biscuit wheat still to sell, please contact the office for market opportunities.
Barley continues to trade £30/t below feed wheat, but is holding at around £10/t higher than new crop harvest prices. We do have some farm to farm demand, please contact the office for up to date information.
With barley prices now heavily discounted to those of imported maize, we may see a change back to the use of barley in feed rations.
The further Brexit delay has given some stability to export opportunities, with traders able to export to the EU free of import levies which has stimulated some buying interest from countries such as Spain and Portugal. We will continue to monitor these movements to see if it will impact harvest feed barley prices.
We still have both winter and spring malting barley contracts available for harvest 2019. Please contact the office for further details.
Dry weather, reduced cropping area and lack of farm selling due to uncertainty over yield potential for harvest 2019 in the EU have seen support for new crop prices. A weakening in the value of sterling has also contributed to an increase in new crop prices.
Weather in Russia and Black Sea countries over the next few weeks will undoubtedly influence prices as we get nearer to harvest.
Planting of Oilseed Rape crops in Australia and Canada is due to start, with Canadian canola exports still banned from China, we will continue to monitor whether the planting area in these 2 countries is likely to impact prices.
There are talks that the trade deal between the US and China may be put in place soon which could effect current oilseed rape prices.
With over 1 million hogs been culled so far due to the African Swine Fever epidemic in China, if the soyabean market drifts due to lower demand for feed, we could see oilseed rape prices fall.
With lots of global factors likely to influence OSR prices in the coming weeks, we will ensure to keep customers informed with the latest information for those with any old crop left to sell or forward sales.
Both winter and spring bean crops are looking well, despite in need of some moisture in the near future.
With the epidemic of African Swine Fever in China potentially causing a fall in soya bean values, we continue to monitor bean market values.
We have various market options for both feed and human consumption beans, please contact the office for further details.
We are continuing to take orders for a range of fertiliser products with some price reductions and special offers.
Please enquire with the office and for those needing urgent supplies, please consider the impact of Easter on haulage.
We still have small quantities of spring barley, wheat, oilseed rape and linseed seed available for those needing final top-ups, please enquire.
CRD have recently refused the re-registration for the use of the seed dressing Austral Plus (Fludioxonil & Tefluthrin) for control of wireworm and wheat bulb-fly. This is very disappointing, particularly for those with fallow, sugar beet, peas and potatoes in the rotation. The grace period allows for use in autumn 2019 and spring 2020. Please let us know if you require Austral Plus dressed seed so we can ensure all our customers get an allocation.
As we get closer to the trials season, please take a look at our website for varieties we have available for the coming season and get in touch for further information.