Market Forces
 Happy New Year to all our customers and readers. Last week was a quiet one in most grain markets with buyers and sellers largely absent. In spite of the new Russian export tarrifs which will help European grain exports, London and Paris values lost ground on the week. LIFFE January wheat dropped £3.65/tonne to close Friday at £131.70 (€168.50) while MATIF January wheat dropped €3/tonne to close the week at €198. MATIF corn lost €4.75/tonne to close at €156.75. The CBOT Soya bean market was similarly weaker with low to average export sales and strong progress of both plantings and harvest in Sth America. Soya beans lost 3.8% on the week while meal dropped 6.1%. It is interesting to compare prices at the start of 2015 with the same time last year. LIFFE wheat is now £30/tonne or 18.6% cheaper, MATIF wheat is only off €9 or 4.3% while corn is down €9.25 or 5.4%. Soya beans dropped 22% during 2014 while meal lost €61.30 or 17%. NYMEX crude oil was the biggest loser in 2014 dropping 46% over the 12 months.
 
Trident Maxibeet Unmolassed Sugar Beet 6mm
DM 89%, ME 11.1MJ/kg, Protein 8%, NDF 38%, Sugars 6.3%. (All fresh wt. basis)
 
I've got Jan-Apr ex New Ross and Edentubber. Also offering May-Sept.
 
Mike Shields
Trident Ireland

 

 

 

 

 

  

 

 

 

 

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