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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7395812" data-attributes="member: 142623"><p>Friday - 05 February </p><ul> <li data-xf-list-type="ul">UK feed wheat futures continued their retreat yesterday, with the May-21 contract closing £0.70/t lower, at £201.80/t. Nov-21 futures also lost ground closing at £165.00/t, down £1.00/t.</li> <li data-xf-list-type="ul">The UK market followed moves down in global wheat markets, with Euronext, Paris milling wheat futures (May-21) also ending the day lower, down €1.00/t at €218.75/t.</li> <li data-xf-list-type="ul">With little time to go until the introduction of a tax on Russian wheat, we are seeing a strong drive for Russia and the EU to compete in export markets. Demand has been somewhat reduced; apart from the recent Egypt tender, and this is driving prices lower.</li> </ul><p>Today's Grain Market Daily is now published - <a href="https://ahdb.org.uk/news/where-next-for-uk-rapeseed-prices-grain-market-daily" target="_blank">https://ahdb.org.uk/news/where-next-for-uk-rapeseed-prices-grain-market-daily</a></p><p></p><p>Latest futures market prices available here - <a href="https://ahdb.org.uk/cereals-oilseeds-markets" target="_blank">https://ahdb.org.uk/cereals-oilseeds-markets</a></p><p></p><p>Click here to receive AHDB market intelligence content straight to your inbox - <a href="https://ahdb.org.uk/keeping-in-touch" target="_blank">https://ahdb.org.uk/keeping-in-touch</a></p></blockquote><p></p>
[QUOTE="AHDB Cereals and Oilseeds, post: 7395812, member: 142623"] Friday - 05 February [LIST] [*]UK feed wheat futures continued their retreat yesterday, with the May-21 contract closing £0.70/t lower, at £201.80/t. Nov-21 futures also lost ground closing at £165.00/t, down £1.00/t. [*]The UK market followed moves down in global wheat markets, with Euronext, Paris milling wheat futures (May-21) also ending the day lower, down €1.00/t at €218.75/t. [*]With little time to go until the introduction of a tax on Russian wheat, we are seeing a strong drive for Russia and the EU to compete in export markets. Demand has been somewhat reduced; apart from the recent Egypt tender, and this is driving prices lower. [/LIST] Today's Grain Market Daily is now published - [URL]https://ahdb.org.uk/news/where-next-for-uk-rapeseed-prices-grain-market-daily[/URL] Latest futures market prices available here - [URL]https://ahdb.org.uk/cereals-oilseeds-markets[/URL] Click here to receive AHDB market intelligence content straight to your inbox - [URL]https://ahdb.org.uk/keeping-in-touch[/URL] [/QUOTE]
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