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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8595144" data-attributes="member: 142623"><p>Wednesday 15th February 2023</p><ul> <li data-xf-list-type="ul">UK feed wheat futures (May-23) closed at £245.00/t yesterday, up £2.50/t from Monday’s close. The Nov-23 (new crop) contract also gained £2.50/t over the same period to close at £241.50/t. UK markets have followed the direction of the Paris wheat markets.</li> <li data-xf-list-type="ul">Concern over Ukraine’s grain corridor grows, as fighting escalates, lending some support to markets, more on this in today’s analysis.</li> <li data-xf-list-type="ul">A record wheat crop in India is due to be harvested in March, forecast to rise 4% to 112.2Mt according to the Indian government. This is down to high prices incentivising increased area, use of high-yielding varieties and favourable weather. This could replenish depleted stocks and bring down domestic prices, though an extension of the ban on wheat exports (due to expire in May) is still being considered. A record rapeseed crop is also due in 2023.</li> <li data-xf-list-type="ul">Paris rapeseed futures (May-23) settled at €553.50/t yesterday, down €1.75/t from Monday’s close following pressure in US soyabean markets.</li> <li data-xf-list-type="ul">Harvest progress of the record Brazilian soyabean crop continues, with 17% complete on Thursday last week according to consultancy AgRural, is putting pressure on US soybean futures. Chicago May-23 soyabean futures fell 0.4% to yesterday’s close.</li> </ul><p>Today's Grain Market Daily is now published - <a href="https://ahdb.org.uk/Contents/Item/Display/88835" target="_blank">Black Sea Initiative to keep markets volatile short term: Grain market daily</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: 8595144, member: 142623"] Wednesday 15th February 2023 [LIST] [*]UK feed wheat futures (May-23) closed at £245.00/t yesterday, up £2.50/t from Monday’s close. The Nov-23 (new crop) contract also gained £2.50/t over the same period to close at £241.50/t. UK markets have followed the direction of the Paris wheat markets. [*]Concern over Ukraine’s grain corridor grows, as fighting escalates, lending some support to markets, more on this in today’s analysis. [*]A record wheat crop in India is due to be harvested in March, forecast to rise 4% to 112.2Mt according to the Indian government. This is down to high prices incentivising increased area, use of high-yielding varieties and favourable weather. This could replenish depleted stocks and bring down domestic prices, though an extension of the ban on wheat exports (due to expire in May) is still being considered. A record rapeseed crop is also due in 2023. [*]Paris rapeseed futures (May-23) settled at €553.50/t yesterday, down €1.75/t from Monday’s close following pressure in US soyabean markets. [*]Harvest progress of the record Brazilian soyabean crop continues, with 17% complete on Thursday last week according to consultancy AgRural, is putting pressure on US soybean futures. Chicago May-23 soyabean futures fell 0.4% to yesterday’s close. [/LIST] Today's Grain Market Daily is now published - [URL='https://ahdb.org.uk/Contents/Item/Display/88835']Black Sea Initiative to keep markets volatile short term: Grain market daily[/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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