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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7588409" data-attributes="member: 142623"><p>Friday 28 May</p><ul> <li data-xf-list-type="ul">Following a rise in global grain prices, Nov-21 UK feed wheat futures gained £4.50/t yesterday to £175.00/t. Global prices rose due to more dry weather in US spring wheat areas, buying by speculative traders, and confirmation of big US maize export sales.</li> <li data-xf-list-type="ul">The USDA confirmed that China bought 5.8Mt of US maize last week in its weekly export sales report. The market had also expected that some large cancellations of old crop cargos, but this wasn’t the case.</li> <li data-xf-list-type="ul">French wheat and barley crops are in better condition than last week (FranceAgriMer). For example, on 24 May 80% of soft wheat was rated good or very good, up from 79% the week before. The improvement follows rain in May.</li> <li data-xf-list-type="ul">Paris Nov-21 rapeseed futures also rose €16.75/t yesterday to €512.75/t following a rise in soyabean and canola prices. This equates to roughly £440/t.</li> </ul><p>Today's Grain market daily is now published - <a href="https://ahdb.org.uk/news/uk-oat-stocks-to-rise-as-exports-drop-off-grain-market-daily" target="_blank">UK oat stocks to rise as exports drop off</a></p><p></p><p><a href="https://ahdb.org.uk/cereals-oilseeds-markets" target="_blank">Latest futures market prices available here</a></p><p></p><p><a href="https://ahdb.org.uk/keeping-in-touch" target="_blank">Click here to receive AHDB market intelligence content straight to your inbox</a></p></blockquote><p></p>
[QUOTE="AHDB Cereals and Oilseeds, post: 7588409, member: 142623"] Friday 28 May [LIST] [*]Following a rise in global grain prices, Nov-21 UK feed wheat futures gained £4.50/t yesterday to £175.00/t. Global prices rose due to more dry weather in US spring wheat areas, buying by speculative traders, and confirmation of big US maize export sales. [*]The USDA confirmed that China bought 5.8Mt of US maize last week in its weekly export sales report. The market had also expected that some large cancellations of old crop cargos, but this wasn’t the case. [*]French wheat and barley crops are in better condition than last week (FranceAgriMer). For example, on 24 May 80% of soft wheat was rated good or very good, up from 79% the week before. The improvement follows rain in May. [*]Paris Nov-21 rapeseed futures also rose €16.75/t yesterday to €512.75/t following a rise in soyabean and canola prices. This equates to roughly £440/t. [/LIST] Today's Grain market daily is now published - [URL='https://ahdb.org.uk/news/uk-oat-stocks-to-rise-as-exports-drop-off-grain-market-daily']UK oat stocks to rise as exports drop off[/URL] [URL='https://ahdb.org.uk/cereals-oilseeds-markets']Latest futures market prices available here[/URL] [URL='https://ahdb.org.uk/keeping-in-touch']Click here to receive AHDB market intelligence content straight to your inbox[/URL] [/QUOTE]
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