영국 곡물 및 시리얼 인사이트

Sign up to receive the Weekly Market Report and Grain Market Daily from AHDB. The 2024 AHDB Cereal Quality Survey confirms harvest reports of low protein for wheat and low nitrogen levels in barley. Persistent wet conditions through the autumn and winter, plus much of spring meant it was difficult for farmers to get onto fields and apply nutrients. The conditions also increased nitrogen leaching over winter, making it harder for plants to access the nutrients that were applied. The average protein levels for UK Flour Millers group 1 varieties in 2024 is 12.5%, down from the 2023 average of 12.7%. It is also the lowest level since 2014, when proteins declined to the dilution effect of high yields. However, as suggested by reports during harvest, other criteria for wheat in 2024 are improved with higher specific weights and Hagberg Falling Numbers. Average moisture levels are also lower year-on-year, reflecting the generally dry conditions for large parts of the wheat harvest period i

Drier weather has sped up sowing campaign in western Europe possibly allowing the continent to avoid a repeat of one of the worst harvests in decades seen this year, analysts said. Field work has resumed in most parts of the bloc due to drier conditions in the last two weeks, andthe trend is expected to continue in the coming 10 days, with warm conditions set to boost crop development. Sowing delays have, however, already dented crop potential. “It won’t be a good year, that’s pretty much certain,” said Strategie Grains crop analyst Vincent Braak. In France, by far the European Union’s largest soft wheat producer, farmers had sown only 62% of the expected soft wheat area for by Monday, against 41% a week earlier, farm office FranceAgriMer said on Friday. That compared with 65% by the same stage last year and a five-year average of 77%. “It has been complicated for farmers in many parts of Europe to find the optimal window for sowing because of the irregular rainfall, sometimes far

Recently UK feed wheat futures have been increasingly influenced by Paris maize futures. On Tuesday (5 November), Paris milling wheat futures (Mar-24) closed flat, but UK feed wheat (Mar-24) and Paris maize futures (Mar-24) rose by £1.00/t and £0.75/t respectively. UK feed wheat futures typically move in the same direction as Paris milling wheat, of course taking into account currency influence. The impact of maize prices on feed wheat is interesting to us for a few reasons: firstly, both represent a feed complex; secondly, maize prices are under pressure now due to harvest coming to an end in the US. However, in the EU, maize production and ending stocks are estimated to be lower on the year in 2024/25.