With the start of the new week, there was finally some good news for farmers who still have grain for sale: the downward spiral has finally been broken.

The end of last week and yesterday’s Monday stood in terms of solid increases on world markets and this contributed to stopping the declines on the domestic market. At the moment, we have halted declines for most cereals and there is even a solid rebound in Poland rapeseed, reaching PLN 70-80 per ton.

It is not yet known how long such a situation may last, as purchasers are in most cases refraining from upward price corrections, explaining that they are waiting to see what direction the market will take. What is important, however, is that after weeks of continuous declines, we finally have a halt to the downward movement, albeit at already very low levels.

All of the above factors mean that at the moment the maximum you can get for consumer wheat from Poland is PLN 1180/t, but this only applies to wheat with 14% protein delivered to ports. Most inland offers range from PLN 890 to PLN 1050/t. Unfortunately, the situation is worse for feed wheat, where buyers are offering rates of PLN 810-1000/t, although it should be noted that these rates have moved gently upward since last week.

Low price levels are recorded for barley, with the lowest rates starting at PLN 700/t, while the maximum rate is currently PLN 950 for feed grain. The situation is only slightly better with consumer barley, which is currently priced from PLN 700/t to as much as PLN 1,300/t. At levels similar to feed barley, rates for triticale are currently maintained, and buyers are willing to pay between PLN 700 and PLN 940/t for it.

Unfortunately, the situation is very bad for rye, both for consumption and feed. As for consumer rye, the price ranges from PLN 670 to 970/t, and feed rye from PLN 590 to 920/t.

However, rapeseed has become more expensive since last week, with prices rising by as much as PLN 79-80 per ton. Currently, purchase offers have appeared again reaching up to PLN 2100/t, and the lowest rates are oscillating around PLN 1780/t.

Due to the large supply, corn prices remain at fairly low levels, and currently its minimum price is PLN 820/t and the maximum rates do not exceed the level of PLN 1020/t.

Source: wrp.pl