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AHDB daily market commentary
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8605896" data-attributes="member: 142623"><p>Wednesday 22nd February 2023</p><ul> <li data-xf-list-type="ul">UK feed wheat futures (May-23) closed at £236.25/t yesterday, down £4.85/t from Monday’s close. The Nov-23 contract closed at £236.00/t, down £1.10/t over the same period. Domestic prices followed the global market down yesterday. The US market was down due to strength in the US dollar and export competition, while the Paris market was down due to chart-based selling and export competition.</li> <li data-xf-list-type="ul">A winter storm is set to hit the US this week, with heavy snowfall across the northern Plains and Midwest, but precipitation is expected to miss the drought hit areas further south of the Plains – a key watchpoint for US winter wheat conditions.</li> <li data-xf-list-type="ul">Paris rapeseed futures (May-23) followed the wider oilseed complex up yesterday, closing at €560.75/t, up €3.25/t. The oilseed market is still focused on that on-going drought in Argentina.</li> </ul><p>Today's Grain Market Daily is now published - <a href="https://ahdb.org.uk/news/where-now-for-wheat-prices-grain-market-daily" target="_blank">https://ahdb.org.uk/news/where-now-for-wheat-prices-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: 8605896, member: 142623"] Wednesday 22nd February 2023 [LIST] [*]UK feed wheat futures (May-23) closed at £236.25/t yesterday, down £4.85/t from Monday’s close. The Nov-23 contract closed at £236.00/t, down £1.10/t over the same period. Domestic prices followed the global market down yesterday. The US market was down due to strength in the US dollar and export competition, while the Paris market was down due to chart-based selling and export competition. [*]A winter storm is set to hit the US this week, with heavy snowfall across the northern Plains and Midwest, but precipitation is expected to miss the drought hit areas further south of the Plains – a key watchpoint for US winter wheat conditions. [*]Paris rapeseed futures (May-23) followed the wider oilseed complex up yesterday, closing at €560.75/t, up €3.25/t. The oilseed market is still focused on that on-going drought in Argentina. [/LIST] Today's Grain Market Daily is now published - [URL]https://ahdb.org.uk/news/where-now-for-wheat-prices-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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