October 2017 Update

With the exception of a few fields of beans, October has largely seen the end of the 2017 harvest. A settled period during the first half of the month has also allowed growers to continue drilling much later than had been expected a month ago with some farmers now even claiming that it is ‘too dry’! Old crop values have traded horizontally for the last month. Wheat is valued at £143-£145/t for November (depending on location) and given the scale of world wheat and corn stocks, unless there is a significant devaluation in the pound or a weather event, it seems unlikely that these values will move too far. Feed barley has firmed a little more, now valued at £126-£128 for November; this seems i

September 2017 Update

As we reach the end of September, the 2017 harvest is still very much alive. Having boldly claimed at the end of August that ‘September will be the month’, I can probably count on one hand the number of actual combining days there has been. At the time of writing there is still both spring and winter wheat, spring barley and winter and spring beans left to cut. Any hope of malting or milling premiums for these crops has long since disappeared and it is ever increasingly becoming a salvage operation. The difficult weather is also starting to have a potential knock-on effect for next year’s harvest; Oilseed rape (OSR) drilling has been abandoned and land ploughed for winter cereals will need a

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