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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7436356" data-attributes="member: 142623"><p>Friday - 26 February 2021</p><ul> <li data-xf-list-type="ul">May-21 UK feed wheat futures closed at £206.50/t yesterday, down £0.25/t from Wednesday’s close. However, Nov-21 futures rose £1.00/t to £171.10/t and the Nov-22 contract gained £1.25/t to £160.10/t.</li> <li data-xf-list-type="ul">Some profit-taking was reported in the Chicago wheat and maize futures, which pushed prices down. The trigger was relatively low new export sales by the US for wheat, maize and soyabeans in the week ending 25 February.</li> <li data-xf-list-type="ul">French winter wheat and barley crop conditions have slipped over winter but remain much better than last year (FranceAgriMer). As at 22 February, 87% of winter wheat was rated ‘good’ or ‘very good’. This is down from 96% at the end of November but well above the 64% at this time last year. This shows French production remains on track to rebound this year.</li> <li data-xf-list-type="ul">The International Grains Council (IGC) raised its estimates of global wheat production for this season (2020/21) yesterday. There were increase from Australia, Kazakhstan and Russia. But, the IGC kept its forecast for end of season stocks unchanged, partly due to higher demand.</li> </ul><p>Today's Grain Market Daily is now now published - <a href="https://ahdb.org.uk/news/new-crop-wheat-pricing-to-limit-exports-grain-market-daily" target="_blank">https://ahdb.org.uk/news/new-crop-wheat-pricing-to-limit-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: 7436356, member: 142623"] Friday - 26 February 2021 [LIST] [*]May-21 UK feed wheat futures closed at £206.50/t yesterday, down £0.25/t from Wednesday’s close. However, Nov-21 futures rose £1.00/t to £171.10/t and the Nov-22 contract gained £1.25/t to £160.10/t. [*]Some profit-taking was reported in the Chicago wheat and maize futures, which pushed prices down. The trigger was relatively low new export sales by the US for wheat, maize and soyabeans in the week ending 25 February. [*]French winter wheat and barley crop conditions have slipped over winter but remain much better than last year (FranceAgriMer). As at 22 February, 87% of winter wheat was rated ‘good’ or ‘very good’. This is down from 96% at the end of November but well above the 64% at this time last year. This shows French production remains on track to rebound this year. [*]The International Grains Council (IGC) raised its estimates of global wheat production for this season (2020/21) yesterday. There were increase from Australia, Kazakhstan and Russia. But, the IGC kept its forecast for end of season stocks unchanged, partly due to higher demand. [/LIST] Today's Grain Market Daily is now now published - [URL]https://ahdb.org.uk/news/new-crop-wheat-pricing-to-limit-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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