Market News & Prices
MATIF Dec 22 wheat prices have lost ground overall this week due to continued exports from the Black Sea.
Markets rallied strongly yesterday (Sept 7th) over Russian comments on limiting destinations for Ukrainian grains to poorer countries only, however, these gains did not hold firmly on Thursday at the time of writing.
Paris rapeseed continues to be very volatile and has fallen this week on large global soybean production prospects.
|Commodity||Nov/Dec 2022 Dried €/T|
|IRL Feed Wheat¹||340|
|IRL Feed Barley¹||330|
|Paris MATIF Wheat²||326.75|
|Paris Oilseed Rape²||601.50|
|Maize ex Port||345|
Global Grain Supply & Demand
Ukrainian wheat planting has started but the area for 2022/23 harvest is likely to reduce by 30-40% due to lack of funds, according to officials in the country.
The government of Australia has forecast winter crop production to be 55.5 million tonnes, the 4th largest on record, following plentiful rain in key growing regions.
IFA Grain Committee News
The National Grain Chairman attended the COPA COGECA Cereal and Oilseeds working party in Brussels this week.
The Chairman also joined the EU Commission, DG Agri Civil Dialogue on Cereals, where he expressed concerns over European nitrogen fertiliser availability to officials.
A National Grain Committee will take place in Farm Centre on Tuesday September 13th. Please contact your local representative if you wish to have an issue discussed.