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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7407181" data-attributes="member: 142623"><p>Thursday - 11 February</p><ul> <li data-xf-list-type="ul">UK feed wheat futures closed lower again yesterday. The May-21 feed wheat futures contract ended the day at £199.65/t, a fall of £3.25/t. The UK market tracked movements in global markets, with the fall made larger by the continued strength of sterling.</li> <li data-xf-list-type="ul">With dry weather persisting in South America, reports from Buenos Aires Grain Exchange and Conab published later today will give a South American supply update and be important for maize price direction. That said, demand seems to be king at present.</li> <li data-xf-list-type="ul">The Chicago maize market continued to be weaker in overnight trading. With growth in Chinese corn stocks in Tuesday’s USDA supply and demand estimate, and the cancellation of a 132Kt export sale to an unknown destination, Chicago maize prices (May-21) are down 5.6% (down $12.40/t to $208.85, Refinitiv) since Monday night.</li> </ul><p>Today's Grain Market Daily is now published -<a href="https://ahdb.org.uk/news/where-next-for-fertiliser-prices-analyst-insighty" target="_blank"> https://ahdb.org.uk/news/where-next-for-fertiliser-prices-analyst-insight</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: 7407181, member: 142623"] Thursday - 11 February [LIST] [*]UK feed wheat futures closed lower again yesterday. The May-21 feed wheat futures contract ended the day at £199.65/t, a fall of £3.25/t. The UK market tracked movements in global markets, with the fall made larger by the continued strength of sterling. [*]With dry weather persisting in South America, reports from Buenos Aires Grain Exchange and Conab published later today will give a South American supply update and be important for maize price direction. That said, demand seems to be king at present. [*]The Chicago maize market continued to be weaker in overnight trading. With growth in Chinese corn stocks in Tuesday’s USDA supply and demand estimate, and the cancellation of a 132Kt export sale to an unknown destination, Chicago maize prices (May-21) are down 5.6% (down $12.40/t to $208.85, Refinitiv) since Monday night. [/LIST] Today's Grain Market Daily is now published -[URL='https://ahdb.org.uk/news/where-next-for-fertiliser-prices-analyst-insighty'] https://ahdb.org.uk/news/where-next-for-fertiliser-prices-analyst-insight[/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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