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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7462058" data-attributes="member: 142623"><p>Friday 12 March</p><ul> <li data-xf-list-type="ul">UK feed wheat futures (May-21) closed at £204.25/t yesterday, down £0.75/t. This is a far smaller fall than US and Paris wheat futures. It’s likely linked to a rise in Chicago maize futures because of uncertainty about South American production.</li> <li data-xf-list-type="ul">Paris wheat futures fell yesterday after Egypt bought Romanian, rather than French, wheat in its first tender for over a month. US prices closed lower as forecast rain could support winter wheat crops as they emerge from dormancy.</li> <li data-xf-list-type="ul">New crop (Nov-21) Paris rapeseed futures set another new contract high yesterday, rising €8.25/t to close at €446.50/t. This equates to approximately £382/t (Refintiv). Tight old crop supplies globally and expectations for only a slightly bigger European crop in 2021 are supporting prices.</li> <li data-xf-list-type="ul">If you missed our Spring Grain Market Outlook webinar on Tuesday, you can <a href="https://audioboom.com/posts/7820346-spring-grain-market-outlook-where-do-we-go-from-here" target="_blank">catch up by listening to the podcast</a>. We talk about the key drivers for global and domestic markets, the path for fuel, fertiliser and interest rates, and the future of farm policy.</li> </ul><p>Today's Grain Market Daily is now now published - <a href="https://ahdb.org.uk/news/grain-markets-waiting-for-direction-grain-market-daily" target="_blank">https://ahdb.org.uk/news/grain-markets-waiting-for-direction-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: 7462058, member: 142623"] Friday 12 March [LIST] [*]UK feed wheat futures (May-21) closed at £204.25/t yesterday, down £0.75/t. This is a far smaller fall than US and Paris wheat futures. It’s likely linked to a rise in Chicago maize futures because of uncertainty about South American production. [*]Paris wheat futures fell yesterday after Egypt bought Romanian, rather than French, wheat in its first tender for over a month. US prices closed lower as forecast rain could support winter wheat crops as they emerge from dormancy. [*]New crop (Nov-21) Paris rapeseed futures set another new contract high yesterday, rising €8.25/t to close at €446.50/t. This equates to approximately £382/t (Refintiv). Tight old crop supplies globally and expectations for only a slightly bigger European crop in 2021 are supporting prices. [*]If you missed our Spring Grain Market Outlook webinar on Tuesday, you can [URL='https://audioboom.com/posts/7820346-spring-grain-market-outlook-where-do-we-go-from-here']catch up by listening to the podcast[/URL]. We talk about the key drivers for global and domestic markets, the path for fuel, fertiliser and interest rates, and the future of farm policy. [/LIST] Today's Grain Market Daily is now now published - [URL]https://ahdb.org.uk/news/grain-markets-waiting-for-direction-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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