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Cefetra Market Report: Late August 2024
As harvest begins drawing to an end in the south of the country, there are certainly mixed feelings and reports from farm to farm with regards to quality and yield this year. Lower proteins in wheat seem to be the main theme and are thought to be the result of a lack of sunlight on crops at the crucial grain fill period. The volume of rain that crops have seen may have also washed some nitrogen away. This has been a tough pill to swallow for many, with a much greater number of farmers pushing Group 1 and 2 varieties for milling quality, chasing the big premiums on offer.
There are still some reasonable parcels out there that are hitting the correct specification, just not as many as we had hoped, given the area across the country that had an extra final dose of nitrogen.
The majority of the early spring barleys planted are following the same trend as the wheat, with very low nitrogen’s. Domestic homes here in the UK have no minimum nitrogen allowance, but the export trade usually does. On the back of this, traders are currently trying to sell vessels with no minimum nitrogen values to them. These vessels are less favourable to maltsters on the continent and are subsequently putting a lot of pressure on values, with vast tonnages currently offer to the pre-Christmas market. Later drilled material may bring forward some high nitrogen’s, which may be needed to blend with extremely low material later in the season.
Values have remained suppressed in recent weeks, partially down to the time of the year and funds remaining short in Corn and Wheat futures. Big corn and Soybean crops remain the main stories putting pressure on values, after increased supply expected in recent USDA reports. Given the disappointing yields also reported on the continent, I was hoping for values to have found some strength – but there has been little reaction so far. The difficulty at present is that EU/UK wheat looks expensive vs other origins, this will cap the amount of upside we could see for the time being. If values in Eastern EU or the USA begin to firm, then there is potential for an uplift close to home.
Hopefully as we head towards the Autum, markets will begin to tick higher as farmer retention remains strong at these values, unless they have no ability to store on farm. Worth noting that we have generally noticed a lack of harvest pressure on wheat this year. Normal volumes of OSR, feed and malting barley have been offered and moved, either for cash flow reasons or a lack of space to store all commodities on farm.
To find out more, please contact the team at Cefetra Grain: Simon Wilcox, Manager – UK Farm Grain Origination, 07774 822507, wilcox@cefetra.co.uk; Josef Grinczer, Farm Grain Buyer, 07712 325197, grinczer@cefetra.co.uk ; Ian Jervis, Farm Grain Buyer, 07497 185361, jervis@cefetra.co.uk
MEGAÂ nitrogen in MEGAÂ granules from Thomas Bell & Sons Ltd.
A key supplier to Orion - Thomas Bell are proud to announce the launch of megAN 33.5N, which is now available to Orion Farming Members.
A premium quality Granular Ammonium Nitrate brought to you by Grupa Azoty, the manufacturers of PULAN. megAN 33.5N is a universal fertiliser ideal for pre-sowing and top dressing for winter and spring cereals, oilseed rape, sugar beets, potatoes and grassland.
Advantages for using megAN 33.5N are:
Large granules for even spreading over wide widths
Strong bulk density 0.93 – 0.96 kg / dm3
Premium Quality Ammonium Nitrate
Granulometry 2mm – 5mm
Available throughout the UK in 600kg and 1000kg big bags
Contact the Orion Office on 01865 393135 for more detail.
Orion Suppliers Latest Promotions posted in August
New supplier to Orion, Mannol (see below) have added in a promotion covering all the lubricants from 5L to 1000L with extra discounts for Orion Members.
APM Agriplant are running a promotion until the end of October, focussed on consumables for harvest and pre-emergence spraying, with bulk discounts on PPE, workshop consumables and nozzles.
Cobb Agri Ltd. are promoting their dedicated soil organic matter testing team, required for SAM1 actions as part of SFI, with discounts specifically for Orion Members.
Webbs are offering an additional 20% discount to Orion Members.
If you haven't yet got the Orion App and want to find the latest supplier promotions together with a lot of other features, please click on the button and fill out the contact details at the bottom of this page or contact Adam Donaldson on 07907 581094 or adam@ofg.org.uk
Suppliers, if you would like to ensure all your details are up to date, and add in any promotional material for Orion Members, then please get in touch with Adam or fill in the contact details at the bottom of this page.
Orion welcomes Mannol as a new supplier to the Group
Can you help an undergraduate student?
Kate Jacovides is an undergraduate student in Geography at the University of Cambridge, living in the Cotswolds. As part of her final year dissertation she would love to interview farmers in the area about farmers perspectives on changing agricultural regulation.
The interviews will take 30-45 minutes. If you would like to help Kate by being available for interview please contact Adam Donaldson at the Orion Office on 07907 581094 or adam@ofg.org.uk, with your preferred date/time.
Crystal
With the revocation going through Europe of Flufenacet, this will be the last year BASF will manufacture CRYSTAL, with a drop of 50% availability.
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It would be in the members interest, who are planning to use Crystal this Autumn, to plan ahead and place orders early with the office.
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For those ordering early, placing an order with the office by September 14th, with delivery expected 7 – 10 days of order, (therefore earlier the order placed more chance of delivery early), we will defer payment until member account November.Â
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You may also like to take into account any volume that may be required for next year.
For more details please contact Shelley in the office: Shelley Dancy, Chemicals Coordinator, Â 01865 393 135
Compound feed
Just a quick reminder that the new compound feed tender year started on the 1st September as mentioned in last month’s newsletter. GLW is the supplier for members in Area A. Orders can be placed with their customer service department, 01509 501801 and then option 1, or through the Orion office. For all technical support, please contact Geoff Homewood on 07974 684753. GLW can also supply compound feed in 1T tote bags, which attracts a further £15/T off the bagged price. ForFarmers are the supplier for members in Area B. Orders can be placed with their customer service department, 0330 678 1088 or through the Orion office. For all technical support, please contact Richard Greasley on 07802 173186.
Minerals
When ordering minerals, either bespoke or the standard Group spec, please bear in mind that they can take up to two weeks to be delivered, so please bear this in mind and place your order in plenty of time.
Molasses
The current tender period for molasses ends on the 30th September and although prices haven’t yet been sought for the winter period, there is a possibility that prices may rise. With this in mind and if you’re in a position to do so, it might well be a good idea to fill your tank before the end of the month. Please don’t leave it until the 11th hour, because deliveries can take up to 5 working days.
Superlac
One of the Group suppliers is now in a position to offer an alternative to Megalac. The product is called Superlac and works in the same way as Megalac although it does have a slightly higher energy level. An added benefit of taking this product is that it’s currently £30/T cheaper than Megalac. Please contact the office if you would like more information or place an order.
Feed supplements
Certain feed supplements and fats are available in tote bags and attract an extra £10 discount over bagged prices. If tote bags would fit into your feeding regime and you’d like to take advantage of the additional saving, please state this when placing your order.
And Finally…
Totally irrelevant but quite interesting facts of the month… Morse code was expanded in 2004 to include ._ .. meaning ‘@’  and until 1970, all pubs in Ireland closed on St Patrick’s Day.
For more details on any matter raised in the Feed & Livestock section, please contact Joe in the office: Joe Cobb, Feed & Livestock Manager, Â 01865 393 139
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