IFA - Irish Farmers Association

11/16/2020 | News release | Distributed by Public on 11/16/2020 07:45

GRAIN MARKET UPDATE 13th NOVEMBER

16 Nov 2020

GRAIN MARKET UPDATE 13th NOVEMBER

Grain
, Prices

Domestic Market

With most of the potatoes and fodder beet now harvested, the final Winter plantings are almost finished. It is estimated that the Winter Wheat area will be back up to at least the 2019 figure, however, while Winter barley and oats will be up on last year, they may not reach the 2019 area.

Feed demand is described as strong in the dairy sector in particular, although it may now ease off somewhat as cows dry off. Notwithstanding, that a lot of maize was forward bought at lower prices earlier in the year, the current price differential between local barley and imported maize is now close to €40/t. This will ensure strong demand for Irish barley as it displaces maize in feed rations.

Most merchants have settled on final grain harvest prices. Green barley should be in the range of €150/t - €155/t and green wheat from €170 -175/t before any top ups etc.

Over in the UK, prices are holding strong due to the need for wheat imports. In addition, demand for barley is strong across Europe and elsewhere which is supporting prices.

Green prices for harvest 2021 are below todays spot prices, with prices of €155 for barley and €170/t for wheat being reported.

Irish Native / Import Dried Feed Prices 12/11/2020

Spot €/t Jan 2020 €/t
Wheat 212 212-215
Feed Barley 185 185-190
Oats 175 175
OSR 385-390
Maize (Import) 225 225
Soymeal (Import) 435 435