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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7635199" data-attributes="member: 142623"><p>Wednesday 30 June</p><ul> <li data-xf-list-type="ul">UK feed wheat futures (Nov-21) slightly fell £0.05/t yesterday to close at £168.70/t. Conversely the May-22 contract gained £0.25/t to £174.45/t. The spread between the two contracts at £5.75/t is the widest since January 2021.</li> <li data-xf-list-type="ul">Russian agricultural firm IKAR raised its forecast for the Russian wheat crop to 83.6Mt from an earlier forecast of 82.0Mt. Export forecasts are also seen at 39Mt for the wheat crop.</li> <li data-xf-list-type="ul">India cut its base import tax on crude palm oil to 10% from 15%, with the cut lasting from today until September 30. The tax cut should incentivise further imports by the world’s largest palm oil purchaser supporting palm oil prices. This in turn should support the vegetable oil complex.</li> <li data-xf-list-type="ul">Today (30 June) is the final date for submissions for both the Defra English on-farm stocks survey and the AHDB Merchants, Ports and Co-Ops survey. Both surveys provide great value to the agricultural data environment and so all submissions are greatly appreciated!</li> </ul><p>Today's Grain market daily is now published - <a href="https://ahdb.org.uk/news/2021-22-uk-rapeseed-imports-what-could-be-coming-home-grain-market-daily" target="_blank">2021/22 UK rapeseed imports – what could be coming home?</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: 7635199, member: 142623"] Wednesday 30 June [LIST] [*]UK feed wheat futures (Nov-21) slightly fell £0.05/t yesterday to close at £168.70/t. Conversely the May-22 contract gained £0.25/t to £174.45/t. The spread between the two contracts at £5.75/t is the widest since January 2021. [*]Russian agricultural firm IKAR raised its forecast for the Russian wheat crop to 83.6Mt from an earlier forecast of 82.0Mt. Export forecasts are also seen at 39Mt for the wheat crop. [*]India cut its base import tax on crude palm oil to 10% from 15%, with the cut lasting from today until September 30. The tax cut should incentivise further imports by the world’s largest palm oil purchaser supporting palm oil prices. This in turn should support the vegetable oil complex. [*]Today (30 June) is the final date for submissions for both the Defra English on-farm stocks survey and the AHDB Merchants, Ports and Co-Ops survey. Both surveys provide great value to the agricultural data environment and so all submissions are greatly appreciated! [/LIST] Today's Grain market daily is now published - [URL='https://ahdb.org.uk/news/2021-22-uk-rapeseed-imports-what-could-be-coming-home-grain-market-daily']2021/22 UK rapeseed imports – what could be coming home?[/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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