Recent grain market movements have impact on price
Dairygold have issued an updated forward price offer on the back of recent grain market movements, with green barley at €145/t and green wheat at €157/t.
Grain futures eased back by between €5-10/t over the last week following a USDA report that predicted a carry-over of stocks from the 2013/14 maize harvest that was 10m tonnes higher than previously expected.
Future prices for new crop wheat fell to €198-200/t, while new crop barley fell to €185-186/t.
While it is accepted that the continuing political uncertainty in Ukraine could result in serious disruption to grain markets, traders now appear to be taking the view that the worst of the crisis may have passed.