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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7820937" data-attributes="member: 142623"><p>Wednesday, 3 November 2021</p><ul> <li data-xf-list-type="ul">UK wheat futures (May-22) closed yesterday at £227.10/t, gaining £0.60/t on Monday’s close. The Nov-21 contract also gained (£1.90/t) over the same period, to close at £218.35/t. Although the number of open contracts is dwindling as Nov-21 nears the end of trade.</li> <li data-xf-list-type="ul">However, new crop UK wheat futures (Nov-22) closed at £197.50/t, down £0.50/t from Monday’s close which was a contract high.</li> <li data-xf-list-type="ul">Old crop Paris wheat futures (Dec-21) closed yesterday at a contract high of €292.75/t.</li> <li data-xf-list-type="ul">Short-term support comes from slightly declining conditions of US winter crops (below expectation) at a time of short supply, combined with strong international demand for grains.</li> </ul><h3><a href="https://ahdb.org.uk/news/new-crop-wheat-prices-could-pose-an-opportunity-for-domestic-growers-grain-market-daily" target="_blank">New crop wheat prices could pose an opportunity for domestic growers: Grain market daily</a></h3><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: 7820937, member: 142623"] Wednesday, 3 November 2021 [LIST] [*]UK wheat futures (May-22) closed yesterday at £227.10/t, gaining £0.60/t on Monday’s close. The Nov-21 contract also gained (£1.90/t) over the same period, to close at £218.35/t. Although the number of open contracts is dwindling as Nov-21 nears the end of trade. [*]However, new crop UK wheat futures (Nov-22) closed at £197.50/t, down £0.50/t from Monday’s close which was a contract high. [*]Old crop Paris wheat futures (Dec-21) closed yesterday at a contract high of €292.75/t. [*]Short-term support comes from slightly declining conditions of US winter crops (below expectation) at a time of short supply, combined with strong international demand for grains. [/LIST] [HEADING=2][URL='https://ahdb.org.uk/news/new-crop-wheat-prices-could-pose-an-opportunity-for-domestic-growers-grain-market-daily']New crop wheat prices could pose an opportunity for domestic growers: Grain market daily[/URL][/HEADING] [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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