AGM Blog



Schoffel

Posted by on May 24, 2022 in AGM News | 0 comments

So, the unofficial Young Farmers Rally weekend in Blackpool has been and gone. Dropping the youngest member of our team and a carload of his mates off at York station Friday morning. We were greeted at the last set of traffic lights with an ambulance at full trot, all lights and siren ablaze. This prompted a few fatherly words of advice to the carload of 21-year-old lads, like; make sure you stay out of the hospital and the police station this weekend. Hoots of derision all round as they replied what about the lap dancing clubs, brothels and...

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Hindsight 2

Posted by on May 24, 2022 in AGM News | 0 comments

Over a month has passed since the Russian invasion of Ukraine began. UK wheat has traded at the farm gate within a range of £300-£310 per tonne. The daily movement within this range dependant on the over night news of peace talks or further attacks. At the time of writing on Tuesday morning the price of April/May 2022 wheat in Yorkshire has overnight jumped £5.00 per tonne and broken out of the range. The siege of Mariupol and the accusations regarding the use of chemical weapons, sparked further US and UK concerns and the possibility that...

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Hindsight

Posted by on May 24, 2022 in AGM News | 0 comments

So, Mr Putin’s insistence in February that his red army and teenage conscripts were engaged in nothing more than military drills on the Ukrainian border turned out to be nothing more than lies and utter b*****ks. Early March saw the invasion on Ukraine by Russian troops begin in earnest. Did we really believe that 130,000 Russian troops on the Ukrainian border was a training exercise? Back in early February Yorkshire feed wheat was trading at £225 / tonne ex farm. On the first day of March we bought Yorkshire feed wheat at £260/ tonne ex...

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My Word is My Bond

Posted by on Feb 16, 2022 in AGM News | 0 comments

Much has happened since we last wrote in November. Throughout December and particularly early January grain prices locally came under pressure. Feed wheat traded ex farm down to high teens. Falling demand on the back of the poor pig and poultry trade and the bird flu threat combined with the huge amounts of imported wheat and maize had moved market sentiments more to the bearish side of the equation. Import/export figures to the end of November had season to date imports of wheat at 1.145 million tonnes and season to date imports for maize...

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Vulcan logic

Posted by on Oct 13, 2021 in AGM News | 0 comments

So, the Genie is well and truly out and is currently having a party.  Wishes have been granted this week for November Liffe feed wheat at £208, Group 1 milling wheat at £250 per tonne ex farm, feed barley at £192 per tonne ex farm spot, jobs for mahouts are available spring 2022 and Captain Kirk really has gone into space! The WASDE published on Tuesday afternoon, predicted a further tightening of global grain stocks.  Pre the report, Trade expectations were for decreased global wheat stocks and increased global corn stocks.  According...

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Three Wishes

Posted by on Oct 13, 2021 in AGM News | 0 comments

Once upon a time, somewhere in East Yorkshire a farmer was cleaning out the workshop at the end of harvest.  Deep at the back of the workshop the farmer found what looked like an old oil can.  He gave it a rub to see if there was any hint as to its contents.  Much to his surprise out popped a Genie.  The Genie thanked the farmer for setting him free and offered him three wishes, which he could use over the course of the year. Having just had what appeared to be a better than average harvest the farmer thought about a wish.  Could my wheat...

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Whisky

Posted by on Aug 18, 2021 in AGM News | 0 comments

Whisky

Booming Scotch whisky consumption both in the UK and overseas has brought about an increase in the amount of UK barley required for distilling.  Currently the only varieties approved by the MAGB    (Maltsters Association of Great Britain) for distilling are spring sown.  To be suitable for distilling a variety must be ‘Nil GN’ (contain no Glycocidic Nitrile).  On farm, the sample grown must be of low nitrogen content ideally in the 1.40n – 1.60n range. For the first time in conjunction with Muntons plc we are looking for growers to...

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The Black Swan

Posted by on Jun 18, 2021 in AGM News | 0 comments

The Black Swan

The end of crop year, harvest 2020 approaches, in the UK grain trade 30th June is the last day of season 2020.  Any grain untraded at that point becomes carryover stock into season 2021 and should be added to the predicted crop yield for harvest 2021. The trading in UK harvest 2021 wheat began in earnest back on the 19thAugust 2019 when the November ’21 wheat futures appeared on the London Futures exchange. Harvest 2022 wheat began trading similarly when the November ‘22 wheat futures appeared on the London Futures Exchange on the 8thJuly...

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When the Fat Lady Sings

Posted by on May 19, 2021 in AGM News | 0 comments

When the Fat Lady Sings

This last month has proved yet again that you cannot ever beat the market. Despite all the information at our fingertips, end of season markets are very difficult to predict. A month since, the markets were factoring in spring drought in Northern Europe and the US.  Prices were firming from the March/April low of £190 for May/June collection, (how strange to be using £190/t and low in the same sentence!) and had rallied back above £200/tonne. New crop barley was £145/tonne, September wheat £180 and August OSR £415/tonne. May 7th saw new...

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All Hail the Ale

Posted by on Apr 21, 2021 in AGM News | 0 comments

All Hail the Ale

The pubs are open.  Harvest 2022 malting barley contract is now available. The restaurants open. Livestock at the market continues to trade at high levels. The public are eating and drinking like every night is Saturday night, and the shops are open as well for those who are so inclined.   Cereal farmers in Yorkshire are all drilled up winter and now spring crops. Fertiliser and agrochem is being applied, in the hope that an inch of warm rain followed by some warm nights and sunny days helps maximise the yield potential.  So, it is game...

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