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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7809581" data-attributes="member: 142623"><p>Wednesday 27 October</p><ul> <li data-xf-list-type="ul">UK feed wheat futures (May-22) gained again yesterday, increasing £0.65/t to a new contract high of £220.15/t. The Nov-22 contract rose £0.75/t to close at £192.25/t.</li> <li data-xf-list-type="ul">Gains followed Paris milling wheat futures, where the Dec-21 contract rose €2.75/t to close yesterday at €284.75/t. Some gains on the UK contract may have been capped from a strengthening in pound sterling against the euro.</li> <li data-xf-list-type="ul">The wheat market continues to be supported by strong demand and supply. With a further increase in Russian export prices, this tightens supply further.</li> <li data-xf-list-type="ul">Argentine farmers soy sales for 2020/21 lag the previous year, with 32.7Mt sold of 43.1Mt harvested according to the Agriculture Ministry. This is down from 33.9Mt at the same point last year. For 2021/22, a production of 44Mt is expected, of which 2.4Mt has been forward sold.</li> </ul><p></p><p><a href="https://ahdb.org.uk/news/areas-to-watch-for-2022-crops-grain-market-daily" target="_blank">Areas to watch for 2022 crops: Grain market daily</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: 7809581, member: 142623"] Wednesday 27 October [LIST] [*]UK feed wheat futures (May-22) gained again yesterday, increasing £0.65/t to a new contract high of £220.15/t. The Nov-22 contract rose £0.75/t to close at £192.25/t. [*]Gains followed Paris milling wheat futures, where the Dec-21 contract rose €2.75/t to close yesterday at €284.75/t. Some gains on the UK contract may have been capped from a strengthening in pound sterling against the euro. [*]The wheat market continues to be supported by strong demand and supply. With a further increase in Russian export prices, this tightens supply further. [*]Argentine farmers soy sales for 2020/21 lag the previous year, with 32.7Mt sold of 43.1Mt harvested according to the Agriculture Ministry. This is down from 33.9Mt at the same point last year. For 2021/22, a production of 44Mt is expected, of which 2.4Mt has been forward sold. [/LIST] [URL='https://ahdb.org.uk/news/areas-to-watch-for-2022-crops-grain-market-daily']Areas to watch for 2022 crops: Grain market daily[/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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