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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7496044" data-attributes="member: 142623"><p>Thursday 1 April</p><ul> <li data-xf-list-type="ul">The UK May-21 feed wheat futures contract gained £4.00/t yesterday, closing at £194.00/t. New crop (Nov-21) contract gained too yesterday, up £3.25/t, closing at £164.50/t.</li> <li data-xf-list-type="ul">Global commodities markets were fuelled by the US stock and prospective planting reports. Both US maize and soyabean futures hit daily increase limits as the figures were lower than expected.</li> <li data-xf-list-type="ul">US maize futures (nearby) rose to its highest price since 2013 (bar 8 March 2021) at $5.64/bushel (£161.44/t). US farmers are expected to plant 91.14 million acres of maize, the highest since 2016. However, analysts had expected 93.21 million acres (Refinitiv poll). This missed estimate provided the incentive for US maize futures to close limit up.</li> </ul><p>Today's Grain Market Daily is now published - <a href="https://ahdb.org.uk/news/options-contracts-a-viable-marketing-strategy-grain-market-daily#1325609330-collapse-one" target="_blank">https://ahdb.org.uk/news/options-contracts-a-viable-marketing-strategy-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: 7496044, member: 142623"] Thursday 1 April [LIST] [*]The UK May-21 feed wheat futures contract gained £4.00/t yesterday, closing at £194.00/t. New crop (Nov-21) contract gained too yesterday, up £3.25/t, closing at £164.50/t. [*]Global commodities markets were fuelled by the US stock and prospective planting reports. Both US maize and soyabean futures hit daily increase limits as the figures were lower than expected. [*]US maize futures (nearby) rose to its highest price since 2013 (bar 8 March 2021) at $5.64/bushel (£161.44/t). US farmers are expected to plant 91.14 million acres of maize, the highest since 2016. However, analysts had expected 93.21 million acres (Refinitiv poll). This missed estimate provided the incentive for US maize futures to close limit up. [/LIST] Today's Grain Market Daily is now published - [URL='https://ahdb.org.uk/news/options-contracts-a-viable-marketing-strategy-grain-market-daily#1325609330-collapse-one']https://ahdb.org.uk/news/options-contracts-a-viable-marketing-strategy-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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