Grain prices continue to recover slowly as harvest pressure eases and sellers refuse to accept current low price levels. So the market has a slightly stronger tone this week. Spot wheat to the trade is put at around €173/t, with barley at €164/t. Forward positions are slightly stronger in both instances. With September now past, the big co-ops are expected to finalise green grain prices in early to mid October.
Grain prices continue to recover slowly as harvest pressure eases and sellers refuse to accept current low price levels. So the market has a slightly stronger tone this week. Spot wheat to the trade is put at around €173/t, with barley at €164/t. Forward positions are slightly stronger in both instances.
With September now past, the big co-ops are expected to finalise green grain prices in early to mid October.
On-account payments, typically of about €120/t to €125/t, have been paid by a lot of grain buyers, including both Glanbia and Dairygold.
Meanwhile, a number of merchants, who mostly are buying grain to produce rations, have been actively paying €140/t for green barley and €150/t for green wheat. It’s the level of payment IFA grain committee chair has been calling for as an absolute floor price to keep grain growers in business.
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