Grain prices dropped to the lowest position in four weeks on Tuesday March 29th but have recovered some ground in the days since (AHDB).
Glanbia green feed prices fell €3/t this week for wheat and barley.
Markets continue to be very receptive to the war in Ukraine and especially to news of any peace talks.
News from the USDA on planting intentions saw markets recover. US farmers are projected to sow 4% less maize in 2022 and replace this with a record area of soybeans.
With reduced production expected in Ukraine, North American maize crops are critical in setting the tone for global maize supply and availability (AHDB).
|Spot Price €/T 1||% Change vs Previous Week||Glanbia September 2022 Green€/T||Nov/Dec 2022 Dried €/T 1|
|IRL Feed Wheat||410-415||-1%||285||325-330|
|IRL Feed Barley||400||+1%||275||320-325|
|Oilseed Rape Paris2||980||-4%||–||763|
|Maize Ex. Port||395||-4%||N/A||335-340|
² Source: Euronext correct as of 01-04-22