The rain of the past few weeks has stopped any further winter sowing and estimates now put winter cereal area at 50% of last year’s area – 154,400ha.
Many winter crops are also struggling in the wet and cold conditions. This story is similar in Europe.
In the UK, the Agriculture and Horticulture Development Board’s (AHDB’s) early-bird survey shows that farmers across the UK intended to plant 10% less wheat for the 2020 season. However, some reports are suggesting that winter wheat area could actually be down by as much as 20%.
The winter barley area is also expected to decline by 12%. This is due to the wet weather, but also a planned reduction in area.
England received 143% of the long-term average rainfall from August to October. This made 2019 the third wettest year in the last 20, according to the AHDB. Rainfall in November had totaled 101% of the long-term average up until November 28.
In France, MATIF wheat hit €183.50/t (December) yesterday afternoon, November 29. This rise on recent weeks may be put down to a struggle to plant winter crops in France and a decline in the quality of crops that are currently established. Some farmers are holding onto stocks as a result and in turn tightening supplies.
This may also be a contributing factor to the rise in Chicago Board of Trade (CBOT) wheat prices.
The area of winter wheat looks set for a decline and the quality of crops planted is mixed. In the latest United States Department of Agriculture (USDA) crop progress report (November 25), just 11% of the wheat was rated in excellent condition, while 41% was in good condition and 34% was in fair condition. The remainder was in poor (10%) and very poor condition (4%).
As of November 24, 94% of US soybeans had been harvested, while 84% of US corn had been harvested.
LIFFE wheat hasn’t changed much from last week. MATIF and CBOT wheat are up slightly and CBOT corn dropped a few cents. Free-On-Board Creil, two-row malting barley did not move across the week.
At home, farmers supplying Boortmalt were offered a fixed price of €180/t for next harvest, which is available on up to 20% of their 2020 malting barley contract.