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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7434629" data-attributes="member: 142623"><p>Thursday - 25 Febraury 2021</p><ul> <li data-xf-list-type="ul">Old crop feed wheat futures closed at £206.75/t yesterday, up £1.75/t. New crop closed up also, gaining £0.45/t to close at £170.10/t. Feed wheat prices benefitted from both technical support and speculation surrounding the tight picture for old-crop EU grains.</li> <li data-xf-list-type="ul">Chicago soyabean prices hit their highest level since 15 January, reaching $14.35/bu. This comes after heavy rains forecast for Brazil may cause further delays to harvest and planting of the second maize crop.</li> <li data-xf-list-type="ul">With Brazilian harvest delays disrupting exports, analysts are expecting soyabean crushers in China to see a shortage which may see crushing reduced, inventories shrinking, and price rises until mid-April. Chinese soyameal futures prices rose 6% this month to $555/t.</li> <li data-xf-list-type="ul">A study has been published on China’s new variants of African Swine Fever virus. Conclusions were that the strain causes milder disease in their pig herd, though this makes it harder to both detect and control.</li> </ul><p>Today's Grain Market Daily is now now published - <a href="https://ahdb.org.uk/news/analyst-insight-green-fuel-what-could-this-mean-for-wheat-prices" target="_blank">https://ahdb.org.uk/news/analyst-insight-green-fuel-what-could-this-mean-for-wheat-prices</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: 7434629, member: 142623"] Thursday - 25 Febraury 2021 [LIST] [*]Old crop feed wheat futures closed at £206.75/t yesterday, up £1.75/t. New crop closed up also, gaining £0.45/t to close at £170.10/t. Feed wheat prices benefitted from both technical support and speculation surrounding the tight picture for old-crop EU grains. [*]Chicago soyabean prices hit their highest level since 15 January, reaching $14.35/bu. This comes after heavy rains forecast for Brazil may cause further delays to harvest and planting of the second maize crop. [*]With Brazilian harvest delays disrupting exports, analysts are expecting soyabean crushers in China to see a shortage which may see crushing reduced, inventories shrinking, and price rises until mid-April. Chinese soyameal futures prices rose 6% this month to $555/t. [*]A study has been published on China’s new variants of African Swine Fever virus. Conclusions were that the strain causes milder disease in their pig herd, though this makes it harder to both detect and control. [/LIST] Today's Grain Market Daily is now now published - [URL]https://ahdb.org.uk/news/analyst-insight-green-fuel-what-could-this-mean-for-wheat-prices[/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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