Recent content by AHDB Cereals and Oilseeds

Tuesday 28 June 2022 UK feed wheat futures (Nov-22) closed yesterday at £271.50/t, down £2.75/t on Friday’s close. The May-23 contract fell by the same amount yesterday, closing at £278.00/t. The Nov-23 contract closed at £242.30/t, down £0.70/t on Friday’s close. The domestic market has...

Yesterday’s market report showed global grain and oilseed prices saw pressure over the last week. There are several factors that have been driving this, including concerns over a global recession, progress in Northern Hemisphere harvests, and US spring crops faring well. The most sizable drop...

Monday 27 June 2022 UK grain markets UK focus In the domestic market, UK feed wheat futures fell sharply last week, reflecting the bearish trend in the wider global market. The Nov-22 UK futures contract closed at £274.25/t on Friday, down by £33.75/t on last Friday’s close. Similarly, the...

Friday 24 June 2022 UK feed wheat futures (Nov-22) fell by £10.70/t yesterday closing at £282.00/t, as a likely result of EU harvest pressure coming in. The May-23 contract fell by the same amount, closing at £287.80/t. Continental prices followed suit, with the Dec-22 Paris milling wheat...

Monday 20th June 2022 UK grain markets Domestic markets softened on Friday but were up on the week due to gains Monday to Thursday. Nov-22 futures closed Friday at £308.00/t, up £2.00/t on the previous Friday. The May-23 contract tracked this trend, up £3.50/t on the week, closing at...

Friday 17 June 2022 UK feed wheat futures (Nov-22) saw a slight increase yesterday, closing at £311.30/t, up £1.25/t from Wednesday’s close. May-23 was up by £1.50/t over the same period, settling at £317.10/t. Hot weather concerns for US maize are supporting Chicago futures ahead of their...

Wednesday 16 June 2022 UK wheat futures (Nov-22) closed yesterday at £310.05/t, down £0.80/t on Tuesday’s close. May-23 closed at £315.60/t, down £0.60/t over the same period. Paris milling wheat futures (Dec-22) were unchanged on the day closing at €386.75/t. Strengthening (+1.26%) sterling...

With the strong potential of increased domestic availability for the 2022/23 marketing year, could UK feed wheat futures be at a greater discount to Paris milling wheat futures? Or are there other factors that could change this? Although UK ex-farm values are ultimately driven by the global...

HMRC have now released their latest data for UK trade numbers, as up to April. In line with the May supply and demand estimates, a change in trade dynamics and market volatility since the outbreak of war between Russia and Ukraine, appears to have impacted on UK grain import and export trade...

Tuesday 14 June 2022 UK feed wheat futures (Nov-22) closed yesterday at £309.50/t, up £3.50/t from Friday’s close. Nov-23 futures gained £2.50/t over the same period, closing at £268.50/t. UK gains followed global wheat contracts up, finding support from hot conditions set to hit the US and EU...

Monday 13th June 2022 UK grain markets Domestic prices went in the opposite direction to the global market. Nearby UK feed wheat futures (Jul-22) closed at £294.90/t on Friday, down £11.50/t across the week. The new crop contract (Nov-22) did the same, down £11.50/t to close at £306.00/t on...

Throughout this marketing year, delivered premiums in the North on average have been at their highest in comparison to the previous few years. At the beginning of February, wheat for spot+1 delivery into North Humberside reached a £24.25/t premium over nearby UK feed wheat futures. Demand in...

09 June 2022 UK feed wheat futures (Nov-22) closed at £302.50/t yesterday, down £2.50/t from Tuesday’s close. The May-23 contract closed at £308.70/t, dropping £1.30/t over the same period. Whilst domestic prices were down slightly, global wheat prices continue climbing as significant exports...

Time seems to come around fast, but next month, parts of England could start harvesting 2022 crops weather allowing. After a dry April, the wetter May that we have had in parts of GB over the last month could possibly bring plenty of corn and hay this harvest. Sunshine hours this month too are...

07 June 2022 UK feed wheat futures (Nov-22) closed yesterday at £317.50/t, gaining £20.00/t on last Wednesday’s close (01 Jun). May-23 gained £19.70/t over the same period, closing yesterday at £323.25/t. Our domestic market followed the Chicago and Paris markets higher yesterday. This bullish...