Farm Ireland
Independent.ie

Wednesday 16 August 2017

Grain prices harden as drought fears increase

The outlook for Irish grain crops is extremely positive, as Carlow-based farm advisor Pat Minnock reported crops were
The outlook for Irish grain crops is extremely positive, as Carlow-based farm advisor Pat Minnock reported crops were "looking super"

Farming Independent Team

GRAIN prices have hardened in the wake of lower reported winter wheat plantings in the US and fears drought conditions will hit spring wheat yields.

Dairygold offered forward prices for this year's harvest of €144/t for green wheat off the combine and €133/t for barley in recent days.

Glanbia was also active in the grain price stakes, quoting a November price for dried wheat of €180/t and €166/t for barley. This was €5/t up on the previous Glanbia offer.

The outlook for Irish grain crops is extremely positive, as Carlow-based farm advisor Pat Minnock reported crops were "looking super".

He said the recent warm spell had "turned crops inside out". He said the warm and wet conditions were ideal for this time of the year, and crops were filling well as a result.

Variable

East Cork grower Dick Fitzgerald said the winter barley crops in the area looked to have "good potential". However, he said spring barley crops were "variable", with some showing signs of having been caught with drought.

Noel Delany said the winter barley crop in south Tipperary was looking good but could do with "a bit of rain".


He predicted that harvesting of winter barley will be at least five days ahead of schedule this year and could start by July 10 in some areas.

Despite last week's marginal price lift, the former IFA grain chairman insisted that prices of €135/t to €145/t would only cover growers' costs.

However, the one positive was increased pre-harvest demand for straw for bedding and wheaten for feeding.

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