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European Harvest: August 3rd, 2012.

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FarmingUK reports that EU grains finished mixed with Nov 12 London wheat down £0.50/tonne to £188.50/tonne and Nov 12 Paris wheat up €0.75/tonne to €256.00/tonne.
InterFax have also said that Russia’s total 2012/13 grain exports are now estimated at 12 MMT versus the previous estimate of 16 MMT.
The USDA attaché in Russia estimates Russia’s 2012 grain crop significantly higher at 81.0 MMT, including 47 MMT of wheat, 15 MMT of barley and 7.5 MMT of corn. Grain exports are pegged at 15.0 MMT, including 11 MMT of wheat, 2 MMT of barley, and 1.5 MMT of corn.
UK harvesting of winter barley and oilseed rape started about 7-10 days later than normally expected with about 40% of the winter barley and almost 20% of the winter oilseed rape area harvested by 31 July, mostly in the south according to the HGCA with wheat harvesting expected to commence in just over a week.

They said, “Early indications are that UK winter barley yields are close to average at around 6.3 MT/ha with improved yields from normal on light land. Quality is variable,”

“Early indications are that UK rapeseed yields are close to the five year average at around 3.5 MT/ha, lower than the record yield of 3.9 MT/ha in 2011,” they conclude.

Meanwhile the German Farmers Union (DBV) say that the winter barley harvest there is nearly complete, with yields averaging 6.3 MT/ha. The rapeseed harvest is around 70% done with yields averaging 3.3 MT.ha, they add.


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