- Location
- Stoneleigh
Friday 12 March
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
- UK feed wheat futures (May-21) closed at £204.25/t yesterday, down £0.75/t. This is a far smaller fall than US and Paris wheat futures. It’s likely linked to a rise in Chicago maize futures because of uncertainty about South American production.
- Paris wheat futures fell yesterday after Egypt bought Romanian, rather than French, wheat in its first tender for over a month. US prices closed lower as forecast rain could support winter wheat crops as they emerge from dormancy.
- New crop (Nov-21) Paris rapeseed futures set another new contract high yesterday, rising €8.25/t to close at €446.50/t. This equates to approximately £382/t (Refintiv). Tight old crop supplies globally and expectations for only a slightly bigger European crop in 2021 are supporting prices.
- If you missed our Spring Grain Market Outlook webinar on Tuesday, you can catch up by listening to the podcast. We talk about the key drivers for global and domestic markets, the path for fuel, fertiliser and interest rates, and the future of farm policy.
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