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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7508176" data-attributes="member: 142623"><p>Friday 9 April </p><ul> <li data-xf-list-type="ul">UK old crop (May-21) feed wheat futures gained £3.90/t yesterday, to close at £195.00/t. New crop futures (Nov-21) gained slightly less, £2.50/t, to close at £166.40/t.</li> <li data-xf-list-type="ul">The markets await the April world supply and demand estimates (WASDE) from the USDA due today. Prices also gained from a weakening US dollar.</li> <li data-xf-list-type="ul">US maize futures are set for a second weekly gain due to high export demand. According to official census data, February US maize exports totalled 6.3Mt. This is the highest monthly volume since July 2018. Export data collected weekly indicates March exports will likely exceed 9Mt: a record monthly total (Refinitiv).</li> <li data-xf-list-type="ul">Argentina’s 2020/21 soyabean crop was cut 1.0Mt to 43.0Mt by the Buenos Aires Grain Exchange (BAGE) yesterday due to dry weather. Over 5% of the first soyabean crop has now been harvested. The 2020/21 maize production estimate remained at 45.0Mt, of which 12% has been harvested.</li> </ul><p>Today's Grain Market Daily is now published -<a href="https://ahdb.org.uk/news/global-markets-waiting-for-today-s-wasde-grain-market-daily?_cldee=amFtZXMud2Vic3RlckBhaGRiLm9yZy51aw%3d%3d&recipientid=contact-d0067be3af79e61180cf005056960f9c-90b9c2c167b24cd5b122db9b3d67a838&esid=530d0b02-1d99-eb11-b1ac-0022481a86f6" target="_blank">Global markets waiting for today's WASDE</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: 7508176, member: 142623"] Friday 9 April [LIST] [*]UK old crop (May-21) feed wheat futures gained £3.90/t yesterday, to close at £195.00/t. New crop futures (Nov-21) gained slightly less, £2.50/t, to close at £166.40/t. [*]The markets await the April world supply and demand estimates (WASDE) from the USDA due today. Prices also gained from a weakening US dollar. [*]US maize futures are set for a second weekly gain due to high export demand. According to official census data, February US maize exports totalled 6.3Mt. This is the highest monthly volume since July 2018. Export data collected weekly indicates March exports will likely exceed 9Mt: a record monthly total (Refinitiv). [*]Argentina’s 2020/21 soyabean crop was cut 1.0Mt to 43.0Mt by the Buenos Aires Grain Exchange (BAGE) yesterday due to dry weather. Over 5% of the first soyabean crop has now been harvested. The 2020/21 maize production estimate remained at 45.0Mt, of which 12% has been harvested. [/LIST] Today's Grain Market Daily is now published -[URL='https://ahdb.org.uk/news/global-markets-waiting-for-today-s-wasde-grain-market-daily?_cldee=amFtZXMud2Vic3RlckBhaGRiLm9yZy51aw%3d%3d&recipientid=contact-d0067be3af79e61180cf005056960f9c-90b9c2c167b24cd5b122db9b3d67a838&esid=530d0b02-1d99-eb11-b1ac-0022481a86f6']Global markets waiting for today's WASDE[/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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