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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7418883" data-attributes="member: 142623"><p>Wednesday - 17 February</p><ul> <li data-xf-list-type="ul">Yesterday, US wheat futures (nearby) closed up 3.26% to $241.59/t (£173.79/t) from Friday amid ongoing concerns for the US wheat crop. There are worries that the freezing temperatures have hit close to winter kill levels, especially on fields with limited snow cover. US markets were closed on Monday for a public holiday.</li> <li data-xf-list-type="ul">This gain wasn’t felt too strongly in May-21 UK feed wheat futures which closed at £203.85/t yesterday, £0.35/t up on the day. The Nov-21 contract increased £0.75/t to £168.35/t. Similarly, Nov-22 futures rose by £0.75/t to £158.10/t.</li> <li data-xf-list-type="ul">The bitterly cold weather felt across the UK and the EU last week was unlikely cold enough to cause crop damage, according to Stratégie Grains. Snow cover was reportedly sufficient enough to insulate fields in the worse hit regions. EU-27 soft wheat production is expected to rebound to 129.6Mt for 2021/22 from 119.2Mt in 2020/21, according to Stratégie Grains.</li> </ul><p>Today's Grain Market Daily is now now published - <a href="https://ahdb.org.uk/news/a-look-at-alternative-break-crops-for-uk-production-grain-market-daily" target="_blank">https://ahdb.org.uk/news/a-look-at-alternative-break-crops-for-uk-production-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: 7418883, member: 142623"] Wednesday - 17 February [LIST] [*]Yesterday, US wheat futures (nearby) closed up 3.26% to $241.59/t (£173.79/t) from Friday amid ongoing concerns for the US wheat crop. There are worries that the freezing temperatures have hit close to winter kill levels, especially on fields with limited snow cover. US markets were closed on Monday for a public holiday. [*]This gain wasn’t felt too strongly in May-21 UK feed wheat futures which closed at £203.85/t yesterday, £0.35/t up on the day. The Nov-21 contract increased £0.75/t to £168.35/t. Similarly, Nov-22 futures rose by £0.75/t to £158.10/t. [*]The bitterly cold weather felt across the UK and the EU last week was unlikely cold enough to cause crop damage, according to Stratégie Grains. Snow cover was reportedly sufficient enough to insulate fields in the worse hit regions. EU-27 soft wheat production is expected to rebound to 129.6Mt for 2021/22 from 119.2Mt in 2020/21, according to Stratégie Grains. [/LIST] Today's Grain Market Daily is now now published - [URL]https://ahdb.org.uk/news/a-look-at-alternative-break-crops-for-uk-production-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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