Market Forces
This evening will bring the USDA WASDE June report as well as the quarterly stocks report. Traders are expecting a reduction in corn acreage which will be offset by increases in US wheat acreage. Soya beans acreage is expected to be a record (>82 million acres) and crop conditions are running very well with 72% in the Good/Excellent category –the highest rating at this point since 1986 and a reflection of the excellent growing conditions. Last week nearby soya beans showed a net gain on the week for the first time in 5 months. At the end of this quarter the following price changes occurred on the CBOT exchange during the quarter: CBOT wheat -16%, CBOT Corn -12%, CBOT soya beans -2.5%. European grain markets were quiet last week as despite the imminent harvest, farmers seem unwilling sellers and purchasers remain happy to wait for harvest pressure.
 
Trident Maxibeet Unmolassed Sugar Beet 6mm
DM 89%, ME 11.1MJ/kg, Protein 8%, NDF 38%, Sugars 6.3%. (all fresh wt basis). I'm offering asa Oct-Apr ex New Ross and Dundalk. Contact me for details.
 
Provergo Wheat Distillers Pellets 6mm
DM 92%, Protein 32%, ME 12.6MJ/kg, Oil B 6.5%, Fibre 7.5% –all fresh wt basis. I've got July-Sept to offer. Contact me for details.

 

Mike Shields
Trident Ireland

 

 

 

 

  

 

 

 

 

  Trident Ireland, Ballymountain, Ferrybank, Waterford. T: 051-833 299
Copyright © Trident Ireland Limited 2014  Company Reg. Num. 454004