Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Cookies that are categorised as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Read our privacy policy here for more details.
Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

GrainGrain Market Reports

Grain Market Update 24th July

Market Prices and News

CommoditySeptember 2024 Green €/TNov/Dec 2024 Dried €/T
IRL Feed Wheat¹200230-233
IRL Feed Barley¹180-185215-220
Paris MATIF Wheat² 229.25
Oilseed Rape445-450480-485
¹ Source: Irish grain industry sources
² Source: Euronext correct as of 24.07.24 2pm

Global wheat prices held in the week ending Friday July 19th. MATIF Dec-24 gained €2.25/t while LIFFE futures in London lost £0.20.

Downward pressure continues to be exerted on global wheat markets by the rapid pace of the US wheat harvest and an improved crop outlook for Russian wheat.

However, MATIF and European markets remain more supported on news of disappointing harvest results to date and slow progress across much of western Europe.

A flurry of activity in the wheat tender market by key wheat importers held prices steady last week also according to the AHDB.
No price offers have been issued by Tirlan this week.

Native prices reported to IFA remain largely unchanged since the last report with green feed barley at €180-185/t, green wheat at €200/t.

The FOB Creil closed at €252.50/t last week, this brings the average to €262.97/t for Boortmalt suppliers.

Paris oilseed rape prices increased by €14.75/t last week to close at €494/t (Dec-24) on Friday July 19th. Prices rose further to close at €501.50/t on Monday but the Dec-24 contract has fallen back to €493/t at the time of writing.

Global Grain Supply and Demand

German agri-cooperative association (DRV) has said that winter barley yields will be 6% lower with lower specific weights due to higher summer rainfall. The same group also stated that German oilseed rape output could fall by 10% in 2024.

In the EU Commission MARS report for July, soft wheat yields were unchanged, but winter barley estimates were lowered by 3.4% to 5.76t/ha. Spring barley yields were revised upwards by 1% to 4.44t/ha, this is 9% higher than the five-year average, due to favourable conditions in Spain.

Oilseed rape yields are estimated at 3.10t/ha down from 3.16t/ha last month.

The condition of French soft wheat crops was reported at an eight-year low last week with only 52% rated as good (AgriMer).

Progress in the Brazilian Safrinha maize harvest remains significantly ahead of normal, with 83% harvested in key central and southern regions (Reuters).

Related Articles