Each week we bring you stories about crop production around the world, which are likely to affect international and domestic markets.
The 2018 UK harvest wasn’t too dissimilar to ours as it was characterised by high temperatures and dry weather during the harvest in many areas.
According to the AHDB, during the month of July, the majority of weather stations in the southern and eastern regions recorded under 10mm of rainfall and across Britain it was the driest start to a harvest in 80 years.
The harvest was finished in record time in many places but similar to here, the peripheral grain-growing areas in Scotland, Wales and Northern Ireland experienced broken weather in the second half of the harvest.
The majority of the remaining crops left to harvest as of last month were in Scotland, Wales and Northern Ireland, with just small amounts of spring crops left to harvest in the English regions.
The UK harvest report has been prepared by ADAS for AHDB Cereals & Oilseeds. The crop estimates are below:
The revision is driven by increased maize production prospects for the US (+6.1Mt), the EU (+2.7Mt) and Ukraine (+1.2Mt), the AHDB reports.
Total maize stocks held by the major exporters (Argentina, Brazil, Ukraine and US) were revised up more than 5%.
The 2018/19 EU rapeseed production estimate has been raised to 19.7Mt by the European Commission, a 0.5Mt rise from its August estimate. However, despite the estimated increase, production still remains below average.
On Monday, the USDA Crop Progress Report pegged the US maize harvest at 26% complete compared with the 17% five-year average. Approximately 69% of the corn crop is rated as good or excellent.
The USDA also stated that the US soya bean harvest is currently 23% complete v the 20% five-year average. A total of 68% of the soya bean crop was rated as good or excellent.
On the Euronext exchange (MATIF) in Paris, maize and oilseed rape futures recorded gains over the last week.
Rapeseed prices from Paris for November delivery were up €14/t since last week to €376/t. November 2017 maize prices recorded a €0.3/t increase over the previous week to finish at €174.25/t by the close of trade on Monday.
Milling wheat for delivery in December recorded a €0.3/t loss since last week to finish yesterday’s trade at €202/t.
Looking across the water to the Chicago grain market (CME) soya beans and maize both recorded gains over the past seven days while wheat was back slightly.
2018 December futures now stand at $143/t for maize, up $2.4/t and $315/t for November-delivered soya beans, up $4.3/t. US wheat prices also recorded a loss over the past week with prices for the December-delivered crop down $5.1/t to $187/t.
Market news: US harvest progressing well while winter planting begins in Russia