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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8596563" data-attributes="member: 142623"><p>Thursday 16 February 2023</p><ul> <li data-xf-list-type="ul">UK feed wheat futures (May-23) closed at £242.00/t yesterday, down £3.00/t from Tuesday’s close. The Nov-23 contract closed at £238.50/t, also down £3.00/t over the same period.</li> <li data-xf-list-type="ul">Domestic prices followed global market movement down yesterday, after concerns in the US economy, regarding hikes in interest rates, saw US wheat markets weaken. However, major losses were curbed by ongoing fears about the future of the grain export corridor in Ukraine.</li> <li data-xf-list-type="ul">Chicago soyabean futures (May-23) also felt some pressure yesterday, closing at $558.26/t, down $3.86/t from Tuesday’s close.</li> <li data-xf-list-type="ul">US soyabean markets are reacting to the ongoing harvest of Brazil’s bumper crop, with AgRural saying on Monday that the harvest was 17% complete.</li> <li data-xf-list-type="ul">Paris rapeseed futures (May-23) followed soyabean markets down yesterday, closing at €550.25/t, down €3.25/t over the session.</li> </ul><p>Today's Grain Market Daily is now published - <a href="https://ahdb.org.uk/news/eu-2023-24-grain-outlook-grain-market-daily" target="_blank">EU 2023/24 grain outlook: 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: 8596563, member: 142623"] Thursday 16 February 2023 [LIST] [*]UK feed wheat futures (May-23) closed at £242.00/t yesterday, down £3.00/t from Tuesday’s close. The Nov-23 contract closed at £238.50/t, also down £3.00/t over the same period. [*]Domestic prices followed global market movement down yesterday, after concerns in the US economy, regarding hikes in interest rates, saw US wheat markets weaken. However, major losses were curbed by ongoing fears about the future of the grain export corridor in Ukraine. [*]Chicago soyabean futures (May-23) also felt some pressure yesterday, closing at $558.26/t, down $3.86/t from Tuesday’s close. [*]US soyabean markets are reacting to the ongoing harvest of Brazil’s bumper crop, with AgRural saying on Monday that the harvest was 17% complete. [*]Paris rapeseed futures (May-23) followed soyabean markets down yesterday, closing at €550.25/t, down €3.25/t over the session. [/LIST] Today's Grain Market Daily is now published - [URL='https://ahdb.org.uk/news/eu-2023-24-grain-outlook-grain-market-daily']EU 2023/24 grain outlook: 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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