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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7595758" data-attributes="member: 142623"><p>Thursday 03 June</p><ul> <li data-xf-list-type="ul">London feed wheat futures (Nov-21) fell £2.40/t yesterday, to close at £176.60/t. This fall follows similar falls globally, on the Paris wheat and Chicago wheat and maize markets.</li> <li data-xf-list-type="ul">Following gains of $10.47/t on Tuesday, Chicago Nov-21 wheat prices were the highest since 14 May. These gains were due to dry US weather in spring wheat areas and further Brazilian maize crop cuts. Yesterday, a mixture of possible demand rationing in the US and positive crop condition scores for US maize, dampened wheat prices marginally.</li> <li data-xf-list-type="ul">Chicago soyabean futures (Nov-21) gained $6.15/t yesterday to close at $519.41/t: the highest point in three weeks. Gains were made on dry US and South American weather. Brazil’s water crisis is reducing river levels and making soyabean exports harder.</li> <li data-xf-list-type="ul">Vegetable oil prices found strength from higher biofuel demand. Plus, India is said to be considering reducing its import tax due to record cooking oil prices (Refinitiv).</li> </ul><p>Today's Grain market daily is now published - <a href="https://ahdb.org.uk/news/analyst-insight-budgeting-why-now-and-how-can-this-benefit-us" target="_blank">Budgeting, why now and how can this benefit us?</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: 7595758, member: 142623"] Thursday 03 June [LIST] [*]London feed wheat futures (Nov-21) fell £2.40/t yesterday, to close at £176.60/t. This fall follows similar falls globally, on the Paris wheat and Chicago wheat and maize markets. [*]Following gains of $10.47/t on Tuesday, Chicago Nov-21 wheat prices were the highest since 14 May. These gains were due to dry US weather in spring wheat areas and further Brazilian maize crop cuts. Yesterday, a mixture of possible demand rationing in the US and positive crop condition scores for US maize, dampened wheat prices marginally. [*]Chicago soyabean futures (Nov-21) gained $6.15/t yesterday to close at $519.41/t: the highest point in three weeks. Gains were made on dry US and South American weather. Brazil’s water crisis is reducing river levels and making soyabean exports harder. [*]Vegetable oil prices found strength from higher biofuel demand. Plus, India is said to be considering reducing its import tax due to record cooking oil prices (Refinitiv). [/LIST] Today's Grain market daily is now published - [URL='https://ahdb.org.uk/news/analyst-insight-budgeting-why-now-and-how-can-this-benefit-us']Budgeting, why now and how can this benefit us?[/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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