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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8455285" data-attributes="member: 142623"><p>Tuesday 22 November 2022</p><ul> <li data-xf-list-type="ul">UK feed wheat futures (May-23) closed at £261.00/t yesterday, down £5.10/t on Friday’s close. The Nov-23 contract lost £3.80/t over the same period, closing at £243.50/t.</li> <li data-xf-list-type="ul">Markets were pressured by the large supply of cheap Russian wheat after the <a href="https://ahdb.org.uk/news/black-sea-grain-corridor-renewed-for-120-days-grain-market-daily" target="_blank">Black Sea grain corridor was renewed for 120 days</a>. The tightening of covid rules in China also fuels concern over global demand moving forward.</li> <li data-xf-list-type="ul">Paris rapeseed futures (May-23) closed yesterday at €603.75/t, down €6.25/t. This tracked losses in Canadian canola markets, and was also pressured by warm weather in October benefitting rapeseed development across much of Europe.</li> </ul><p>Today's Grain Market Daily is now published - <a href="https://ahdb.org.uk/news/significantly-higher-uk-wheat-balance-barley-remains-tight-grain-market-daily" target="_blank">Significantly higher UK wheat balance, barley remains tight:</a></p><p></p><p>Latest futures market prices available here - <a href="https://ahdb.org.uk/cereals-oilseeds-markets" target="_blank">https://ahdb.org.uk/cereals-oilseeds-markets</a></p><p></p><p>Click here to receive AHDB market intelligence content straight to your inbox - <a href="https://ahdb.org.uk/keeping-in-touch" target="_blank">https://ahdb.org.uk/keeping-in-touch</a></p></blockquote><p></p>
[QUOTE="AHDB Cereals and Oilseeds, post: 8455285, member: 142623"] Tuesday 22 November 2022 [LIST] [*]UK feed wheat futures (May-23) closed at £261.00/t yesterday, down £5.10/t on Friday’s close. The Nov-23 contract lost £3.80/t over the same period, closing at £243.50/t. [*]Markets were pressured by the large supply of cheap Russian wheat after the [URL='https://ahdb.org.uk/news/black-sea-grain-corridor-renewed-for-120-days-grain-market-daily']Black Sea grain corridor was renewed for 120 days[/URL]. The tightening of covid rules in China also fuels concern over global demand moving forward. [*]Paris rapeseed futures (May-23) closed yesterday at €603.75/t, down €6.25/t. This tracked losses in Canadian canola markets, and was also pressured by warm weather in October benefitting rapeseed development across much of Europe. [/LIST] Today's Grain Market Daily is now published - [URL='https://ahdb.org.uk/news/significantly-higher-uk-wheat-balance-barley-remains-tight-grain-market-daily']Significantly higher UK wheat balance, barley remains tight:[/URL] Latest futures market prices available here - [URL]https://ahdb.org.uk/cereals-oilseeds-markets[/URL] Click here to receive AHDB market intelligence content straight to your inbox - [URL]https://ahdb.org.uk/keeping-in-touch[/URL] [/QUOTE]
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