Irish Grain and Feed Association

The Irish Grain and Feed Association (IGFA) representing the grain and feed industry in Ireland.

[Now You Know @RoryDeverell]

We had good fun in Latvia this week with @BASF talking about #wheat markets.

We rolled the dice to see if grains prices are going up or down from here.

Against the odds the roll of the dice 🎲 said we are going up😁

[Now You Know @RoryDeverell]

#wheat has followed the typical boom-bust cycle

I take no pleasure that we are in the despair phase but her we are.

More at https://t.co/2gjUkp1ASB

[Mike Lee @GreenSquareAC]

Russia has introduced a temporary restriction on the export of durum wheat to countries outside the Eurasian Economic Union.

The temporary restriction will come into force once the Government order is published, and will remain in place until May 31, 2024.

[Now You Know @RoryDeverell]

And the award for the worst grain trade statistics goes to🥁🥁🥁🥁🥁🥁🥁

the @EU_Commission

Your weekly #wheat and #corn import and export statistics are delayed, inaccurate and misleading leading to financial losses for farmers and traders due to this inaccurate data.

If you are not going to publish accurate data on-time and accurately then just stop.

[Mike Abram @Mike__Abram]

Went to British Sugar’s Wissington factory today for a media briefing. Wouldn’t say we learned a huge amount more unfortunately, although not very surprisingly either. Here are some brief(?!) “highlights”:

🧵 👇🏻

[Gerardo Moscatelli @gemoscatelli]

The best buyer of ag commodities in the world today are govts through subsidies paid to biodiesel. Real demand is the worst it has been in many years.
Govt money is the only things that prevents ag futures from falling further. The money printer supports your futures not demand.

[Science for Sustainable Agriculture @SciSustAg]

"A ‘quantum shift’ by the Food Standards Agency in its planned approach to regulating gene edited food and feed products puts England on course to adopt one of the most progressive and enabling regulatory systems in the world."

https://t.co/F3bS2cBGYj

[Science for Sustainable Agriculture @SciSustAg]

Scientists at @roslininstitute pinpoint a gene which could help develop gene edited pigs resistant to the deadly African Swine Fever virus, for which no effective vaccine or treatment is available.

Pig gene critical for African Swine Fever infection 
https://t.co/sCrCKloM1V

[Charlie McConalogue @McConalogue]

Good to meet Gareth Connolly & Mike Shields from @REDMILLSHorse who feature as one of the case studies in the @HorseSportIRL Environmental Sustainability report launched @DublinHorseShow @TheRDS having created a 12,000m2 wetlands habitat near their Kilkenny feed factory

[Andrey Sizov @sizov_andre]

Common European trade policy: does it exist?

Even if the EU does not extend the restrictive measures for Ukrainian #grain import to Poland after September 15, the country will close the border and some of the frontline countries will do the same - Minister of Agriculture of Poland Robert Telus

https://t.co/G0jF6FcLCM

#oatt #corn #wheat

[Brian Reidy🐂🐄 @brianreidy75]

More than one way to milk cows!

[Drinagh100 @Drinagh100]

Thank you to the thousands of people who attended Drinagh Centenary Family Day over the weekend. #drinagh #drinagh100 #celebration #CorkToday #cork #carbery

[Market Minute LLC @MarketMinuteLLC]

Biggest Things to Watch This Week:

Weather 🌧️ ☀️
For soybeans this will be the biggest thing. Mother Nature will decide if we go to $15 or right back down to $12. All week the forecasts were super hot, but then Thursday and Friday we saw the forecasts start to add some cooler wetter temps in the 8-14 day outlook.

Here is what the forecasts were showing as of Friday afternoon. A big reason for the weakness in corn and beans, as the funds simply started to remove weather premium.

To close out the week we heard all of the weather guys saying it would cool down. Well when it’s over 100 degrees, one would assume so.

Bottom line, unless we see some wildy drastic improvement, nobody thinks the USDA's corn yield of 177.5 and bean yield of 52 is remotely close.

However, it does look like the forecasts as of Sunday have turned fairly bearish as well.

Past Weather & Crop Conditions Monday 📉
To close out the week, temperatures in major growing regions were +8 degrees hotter than normal. The key word there is normal. I think the trade is undervaluing the damage this heat has brought this far.

Yes, beans are made in August. So it is a tad early for beans that are setting pods. But we can’t discount this.

53% of our bean crop is experiencing drought. Up from 50% last week and 26% last year. This number could very well be closer to 57% next week.

Taking a look Monday, I wouldn’t be at at surprised to see these numbers shock the trade and come in far worse than expected. The question is how much of that will be discounted if forecasts stay cooler and wet.

Canadian Drought 🇨🇦
Take a look at just how dry this is and take a look at the areas that produce the most spring wheat there. Not a whole lot else to say.

Chinese Appetite 🇨🇳
China stepped in after the big rally and bought nearly 2 million metric tons. This could potentially be an indication that they are try to manage the tight soybean situation.

Will we continue to see Chinese demand?

War 🇷🇺 🪖 🇺🇦
This thing has been going on well over a year now. Does it look like it is stopping anytime soon? Nope.

We just saw that massive rally Monday from war headlines. Then all of the sudden we get this news that Ukraine is going to starting exporting their grain via truck and rail and the market gives the entire rally back. Doesn’t make much sense.

The amount of grain you can export on a barge or vessel isn't even remotely the same to truck or rail and that doesn’t fix the problems.

Just imagine what would happen if Ukraine somehow attacked Russia and disturbed THEIR exports. Not saying this will happen because nobody knows.

Things escalate, we go higher.

If they don’t, well wheat will probably struggle to hold on to any sort of rally here and corn could follow lower as well.

Will be interesting to see if the market has any reaction to the attacks we saw yesterday. If those attacks happened today, we probably would be trading limit up again. But since it wasn’t, we will just have to wait and see…..

Read the rest of today’s weekly grain newsletter
👉 https://t.co/LDVjktcDv4

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[Nadaline Webster @NadalineW]

Have your say on the Dept. of Env Climate survey here - https://t.co/XoAb73sufa heavy emphasis on plant-based diets and getting rid of your pets? I guess that most people don't consider that those two things go hand in hand......

[Frank Mitloehner @GHGGuru]

Not news to us here at CLEAR but to many out there (it seems). I would change the number in the title to 100 and take out the “nearly”. There is no other beverage that is more packed with essential nutrients like real milk.

[Tom Sizmur @tomsizmur]

Check out this new article by @vanMidden_C on the impact of #AnaerobicDigestate on soil biota. Surface dwelling critters 🪱 suffer the most and the solid fraction delivers the most benefits. Free access here: https://t.co/jZIGWaFJOs

[Science for Sustainable Agriculture @SciSustAg]

A dilemma for the eco-activist brigade?

Israeli start-up uses biotech to help tackle the global problem of plastic waste by developing durable yet biodegradable drinking straws from a new strain of wheat. Added value for the farmer too!

https://t.co/OakitRV6mD

[Mike Lee @GreenSquareAC]

If no vessels can use the Black Sea, Ukraine still has viable overland grain export routes; Russia does not.

[Dana Spinant @DanaSpinant]

Russia terminated the Black Sea Grain initiative, threatening the food security of many in the world

We will continue working to bring grain and other agri products from Ukraine to the world, through our Solidarity Lanes

Have a look at what the Solidarity Lanes have achieved⤵️