6 tonnes pressed for corn silage, heatwave in Ukraine

Published 2024년 7월 23일

Tridge summary

In Viotia, the outlook for silage is positive due to a good crop yield and lower costs, leading to higher prices and a potential corn shortage in October. However, the significant increase in wholesale electricity prices is causing concern for farmers, potentially leading more to switch to silage. The switch to a fixed tariff is complicated by old debts and an uncertain application process. Meanwhile, temperatures exceeding the historical average in southeastern Europe and Russia's missile attacks on Ukraine's energy infrastructure are impacting crop yields, leading to a reduced harvest forecast. Despite these challenges, the US Department of Agriculture's estimates of satisfactory global consumption are supporting futures prices. Euronext is seeing a difference of 20-25 euros per ton between buyers and sellers, with prices for August contracts at 220 euros per ton and sellers asking for 240 euros per ton.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the report, the prospect of silage will be favored by many in the next 2 weeks in Viotia, as so far the crop is progressing well and the price heard with a yield of 6 tonnes per hectare could fetch €370-390 per hectare ( 60-65 euros per ton), without the grower having incurred the costs (plant protection, foliage and irrigation) of August. So with a significant portion of production headed there, there is an additional deficit in corn quantities starting in October, which when combined with reduced acres nationwide, creates an even better outlook for prices, which could start from 20 cents in loose. However, despite the interesting prospects that are beginning to take shape for the pricing of the next harvest in the pimple, the explosive rise in the wholesale price of electricity that directly affects the configuration of PPC's Agricultural/Intermittent tariff is troubling. With the July wholesale price soaring to 130 euros per megawatt hour, no one can now rule out ...
Source: GRAgronews

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