Feed wheat for spot collection is valued marginally lower this week despite a lack of movement within the London wheat futures.
A significant lack of buyer interest appears to be the main problem although many appear reluctant to make any further long term commitments until we see this week’s USDA numbers (more on this next week).
Spot collection is currently valued in the region of £140/T – £142/T ex-farm with movement further forward into the summer months offering a minimum premium.
As for new crop, feed wheat for as available collection off the combine at harvest is currently trading in the region of £135/T ex-farm with November collection equating to £140/T ex-farm. Feed barley is valued at £120/T ex-farm.
We have seen significant volatility within the OSR market over the last week or so with spot values fluctuating anywhere from £298/T – £305/T ex-farm.
Local demand is good, with a vessel arriving into Grimsby next month.
However, currency pressures alongside the dollar are making it difficult to secure an ex-farm value mark above the £300/T ex-farm position at the moment.
Spring seed is still available for those of you looking to make last minute orders – varieties are however becoming increasingly limited. Please contact the office to discuss your requirements.
AHDB have released the final results from the early bird survey of cropping intentions for harvest 2018 this week.
It is worth noting the decline in winter plantings in favour of spring plantings once again as the national trend continues.
However, this is more notable in the northern and western regions of the UK where wetter weather tends to hamper winter drilling.
Also, looking at regional winter barley, declines in area have been observed across all English regions.
For the two largest English production regions for the crop, production is expected to fall by 13% in the East and 8% across Yorkshire and the Humber.
In Northern regions, there is a notable and continued increase in spring barley planting intentions.
In Scotland, the spring barley area is expected to increase by 12% compared to the 2017 harvested area.
Regardless, it is important to remember that none of this spring acreage is in the ground yet… the forecast figures are intentions not physically drilled crop