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UK market update

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    UK market update

    HGCA weekly market report
    GB wheat area for harvest 2012 is estimated at
    2.0Mha, an increase of 2% on 2011 according to the
    AHDB/HGCA planting survey. GB crop areas were up
    for all crops giving a 3% higher total cereal and
    oilseed planted area of 3.83Mt. Please note OSR
    figures were updated on Monday - click for full
    tables. Tighter old crop supplies due to harvest
    delays and quality concerns are evident in price gains
    for pre-harvest delivery. Feed wheat for July delivery
    in East Anglia was quoted at £220/t on Friday, up
    £14/t on the week; milling premiums also increased.
    Anecdotal evidence of imports into northern England
    suggest that UK wheat is now priced at import parity.
    Potentially impacting demand in 2012/13, the
    Vivergo Fuels bioethanol plant at Hull has delayed
    start-up to Quarter 4 2012 (previously Summer
    2012), stating delays in the construction and
    commissioning process.


    Surprise, surprise the ethanol plant is delayed yet
    again.

    Lots of fusarium in all crops this year as all UK has
    been very wet with very few dry days for 3 months.
    Mycrotoxins will an issue I am sure and yields could
    be seriously affected as forecast shows no
    improvement .
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