Glanbia September 2022 Green €/T | Nov/Dec 2022 Dried €/T 1 | |
IRL Feed Wheat | 360 | 406-410 |
MATIF Wheat | – | 414.75 |
IRL Feed Barley | 345 | 390-395 |
Oilseed Rape Paris2 | – | 822 |
Maize Ex. Port | – | 380 |
FOB Creil Malting Barley | – | 478 (Jul/Aug 22) |
² Source: Euronext correct as of 20-05-22
Market Prices
New crop grain prices spiked significantly on Monday May 16th on news of possible export restrictions from India. Paris wheat for Sep 2022 closed at €438/t on Monday.
Markets have cooled in recent days with Paris Sep 22 position dropping back to €418.50 on Friday 20th. Less market fear over Indian restrictions and a very large Russian crop forecast weighed on the market. Rain is also expected in Northern France.
Glanbia offered €345/t for green barley this week and €360/t for green wheat, a rise of €13 and €18/t on the week respectively.
Paris oilseed rape reached €866/t on Monday but prices have dropped to €820/t on news that Germany is phase out food-based biofuels by 2030 and Indonesia is set to resume palm oil exports next week.
FOB Creil rolling average price for Boormalt suppliers now stands at €425.17/t with this week’s price closing at €478/t.
Energy Markets
Spot Price | % Change vs Last Week | % Change year on year | |
Dutch TTF Gas Futures €/MwH | 96.48 | +1.5% | 352% |
Brent Crude Oil ($/barrel) | 112.50 | +4.2% | 158% |