German farmers are concern about the remaing 25% wheat for harvest and expect with 0.5% less protein content.
German cash wheat premiums in Hamburg were little changed, with attention on how much progress will be made with the final stages of the rain-delayed German wheat harvest. Standard new crop wheat with 12 percent protein content for delivery in Hamburg from September was offered for sale at a premium of 9 euros over the Paris November contract. Buyers were offering 8 euros over Paris.
Traders said about 75 percent of Germany’s wheat harvest had now been gathered.
“There is concern about the quality of the final 25 percent which has been suffering from the repeated rain in the past week,” one German trader said. “Overall the quality of the wheat harvested so far has been fairly decent, with the main problem reduced protein content.”
* Traders estimated the national protein content level to be down about 0.5 percent on average years.
“I think other quality values such as Hagberg falling numbers have been generally all right, and volumes in terms of tonnes are also good,” another trader said. “There is confidence we will have sufficient supplies for milling and export but the remain areas still to be harvested must be brought in soon, otherwise this could suffer more serious quality damage.”
“There is a large belt in south and central Germany from North Rhine Westphalia, Hessen, northern Bavaria, Saxony and Thueringen which still needs to be harvested. But wheat in the north German wheat export regions has mostly been gathered.”
(Source – http://www.blackseagrain.net/novosti/germany-announced-that-75-ot-the-wheat-is-harvest)