Grain price: Wheat positive and corn rising
Prices remained positive this week. Matif wheat for December hit €188/t and €190.50/t for May 2021. Spot prices for wheat at home were €200/t or over, while feed barley was trading at €177/t on the spot or €179-182/t for November.
Irish farmers will be glad to see the price of maize rising. Chicago Board of Trade (CBOT) corn hit 375.25c/bu on Thursday (September 17) of this week. Cheap maize prices have devastated grain prices, particularly barley, in the past.
Boortmalt harvest price
The harvest price for Boortmalt suppliers finished at €173.73/t this week. The price is calculated by taking the Free-On-Board (FOB) Creil malting barley (Planet) price at close of business every Wednesday and calculating the average of this price from March to September (week 13 to week 38).Also Read: Boortmalt malting barley price settled
This week, the Irish Farmers’ Association (IFA) reported spot wheat prices of €200-202/t; a spot barley price of €177/t; and a spot oats price of €160/t. Spot prices for maize were at €190/t. It should be noted that these prices are dried prices.
November prices were slightly higher for wheat (€202-205/t) and feed barley (€179-182/t). The maize price for November was at €183/t – still trading higher than barley.
The higher maize price will help barley price somewhat as it is not competing with maize at present.
On the continent this week, feed barley (delivered Rouen) was trading at €171/t on Friday morning, while FOB Creil malting barley was at €177/t.
Some of the main grain markets are outlined below.