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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7529763" data-attributes="member: 142623"><p>Friday 23 April</p><ul> <li data-xf-list-type="ul">The UK May-21 futures contract increased £2.70/t yesterday to £208.0/t tracking gains in US grain markets. The Nov-21 UK contract gained £6.30/t to be at £186.05/t. This morning prices for both contracts have eased back, with the Nov-21 contract at £184.75/t at 12pm GMT.</li> <li data-xf-list-type="ul">US wheat and maize futures contracts limited up yesterday (hit daily increase limits) amid dry and cold weather forecasts for much of the US crop belts. An estimated 78% of US spring wheat production and 17% of maize production is within an area in drought condition.</li> <li data-xf-list-type="ul">Weather concerns for the Brazilian safrinha crop also lent an arm of support with 45% - 50% of the crop in moisture stress. It is estimated 30% - 50% of the crop was planted after the ideal planting window.</li> <li data-xf-list-type="ul">The Russian agricultural consultancy firm IKAR lowered its forecast for the 2021/22 Russian wheat crop, now estimated at 79.5Mt from 81Mt. This is a result of an increase in winter kill levels.</li> </ul><p>Today's Grain Market Daily is now published -<a href="https://ahdb.org.uk/news/usda-fas-forecast-uk-wheat-to-stay-net-importer-for-2021-22-grain-market-daily" target="_blank"> USDA FAS forecast UK wheat to stay net-importer for 2021/22</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: 7529763, member: 142623"] Friday 23 April [LIST] [*]The UK May-21 futures contract increased £2.70/t yesterday to £208.0/t tracking gains in US grain markets. The Nov-21 UK contract gained £6.30/t to be at £186.05/t. This morning prices for both contracts have eased back, with the Nov-21 contract at £184.75/t at 12pm GMT. [*]US wheat and maize futures contracts limited up yesterday (hit daily increase limits) amid dry and cold weather forecasts for much of the US crop belts. An estimated 78% of US spring wheat production and 17% of maize production is within an area in drought condition. [*]Weather concerns for the Brazilian safrinha crop also lent an arm of support with 45% - 50% of the crop in moisture stress. It is estimated 30% - 50% of the crop was planted after the ideal planting window. [*]The Russian agricultural consultancy firm IKAR lowered its forecast for the 2021/22 Russian wheat crop, now estimated at 79.5Mt from 81Mt. This is a result of an increase in winter kill levels. [/LIST] Today's Grain Market Daily is now published -[URL='https://ahdb.org.uk/news/usda-fas-forecast-uk-wheat-to-stay-net-importer-for-2021-22-grain-market-daily'] USDA FAS forecast UK wheat to stay net-importer for 2021/22[/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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