EU Wheat Continues To Slip
EU wheat futures prices continued to slip lower Friday weighed on by large post-harvest stocks.
The EU issued export licences for 276,000 MT of soft wheat for the week ended Sept 1st, taking the total granted for this new marketing year so far to 2.86 MMT. That's slightly higher than the 2.79 MMT granted for export by the ninth week of the marketing year twelve months ago.
The problem is going to be trying to maintain this pace for the remaining 43 weeks of the season, in the face of stiff competition from Russia, Ukraine and the US.
The UK wheat harvest is 90% complete according to ADAS, with yields averaging 7.8-7.9 MT/hectare. Quality is generally good, they say.
The winter barley harvest is over they say, and the spring barley crop is around two-thirds cut.
Over 60% of this season's oat crop has been harvested, winter OSR is finished and spring OSR about half-done, they conclude.
The EU issued export licences for 276,000 MT of soft wheat for the week ended Sept 1st, taking the total granted for this new marketing year so far to 2.86 MMT. That's slightly higher than the 2.79 MMT granted for export by the ninth week of the marketing year twelve months ago.
The problem is going to be trying to maintain this pace for the remaining 43 weeks of the season, in the face of stiff competition from Russia, Ukraine and the US.
The UK wheat harvest is 90% complete according to ADAS, with yields averaging 7.8-7.9 MT/hectare. Quality is generally good, they say.
The winter barley harvest is over they say, and the spring barley crop is around two-thirds cut.
Over 60% of this season's oat crop has been harvested, winter OSR is finished and spring OSR about half-done, they conclude.