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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7432376" data-attributes="member: 142623"><p>Wednesday - 24 February 2021</p><ul> <li data-xf-list-type="ul">UK feed wheat futures (May-21) fell back £1.00/t, closing at £205.00/t. The May contract still remains in a long-term upward channel. New crop (Nov-21) futures fell by just £0.10/t, ending yesterday at £169.65/t.</li> <li data-xf-list-type="ul">UK markets moved against the grain of global wheat markets, with sterling continuing to make gains against both the euro and the dollar. Sterling closed at £1=€1.1616 and £=$1.4113, yesterday. Sterling is now at the highest point against the dollar since April 2018.</li> <li data-xf-list-type="ul">Rapeseed values were supported yesterday. The May-21 Paris rapeseed contract closed at €472.00/t, a jump of €11.00/t. Support came from a mix of soyabeans (up 1.5%) and vegetable oils.</li> </ul><p>Today's Grain Market Daily is now now published - <a href="https://ahdb.org.uk/news/balance-sheet-shows-small-surplus-before-exports-grain-market-daily" target="_blank">https://ahdb.org.uk/news/balance-sheet-shows-small-surplus-before-exports-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: 7432376, member: 142623"] Wednesday - 24 February 2021 [LIST] [*]UK feed wheat futures (May-21) fell back £1.00/t, closing at £205.00/t. The May contract still remains in a long-term upward channel. New crop (Nov-21) futures fell by just £0.10/t, ending yesterday at £169.65/t. [*]UK markets moved against the grain of global wheat markets, with sterling continuing to make gains against both the euro and the dollar. Sterling closed at £1=€1.1616 and £=$1.4113, yesterday. Sterling is now at the highest point against the dollar since April 2018. [*]Rapeseed values were supported yesterday. The May-21 Paris rapeseed contract closed at €472.00/t, a jump of €11.00/t. Support came from a mix of soyabeans (up 1.5%) and vegetable oils. [/LIST] Today's Grain Market Daily is now now published - [URL]https://ahdb.org.uk/news/balance-sheet-shows-small-surplus-before-exports-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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