- Location
- Stoneleigh
Friday 23 April
Latest futures market prices available here - https://ahdb.org.uk/cereals-oilseeds-markets
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- The UK May-21 futures contract increased £2.70/t yesterday to £208.0/t tracking gains in US grain markets. The Nov-21 UK contract gained £6.30/t to be at £186.05/t. This morning prices for both contracts have eased back, with the Nov-21 contract at £184.75/t at 12pm GMT.
- US wheat and maize futures contracts limited up yesterday (hit daily increase limits) amid dry and cold weather forecasts for much of the US crop belts. An estimated 78% of US spring wheat production and 17% of maize production is within an area in drought condition.
- Weather concerns for the Brazilian safrinha crop also lent an arm of support with 45% - 50% of the crop in moisture stress. It is estimated 30% - 50% of the crop was planted after the ideal planting window.
- The Russian agricultural consultancy firm IKAR lowered its forecast for the 2021/22 Russian wheat crop, now estimated at 79.5Mt from 81Mt. This is a result of an increase in winter kill levels.
Latest futures market prices available here - https://ahdb.org.uk/cereals-oilseeds-markets
Click here to receive AHDB market intelligence content straight to your inbox - https://ahdb.org.uk/keeping-in-touch