AHDB weekly market report

Monday 16 May 2022

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UK focus​

UK feed wheat futures continue to follow global movements. The May-22 contract gained £16.80/t last week, to close on Friday at £351.80/t. The new crop contract (Nov-22) gained £17.55/t last week, to close at £336.30/t. We can see new-crop prices are moving up towards old-crop levels. This morning, the Nov-22 contract was trading at £349.00/t (12:00BST) on the Indian export news.

UK delivered prices continue to follow futures market movements. On Thursday, feed wheat into East Anglia (Jul delivery) gained £7.50/t (Thurs to Thurs) to be quoted at £343.50/t. To this same destination, Nov-22 gained £22.00/t (Thurs to Thurs) to be quoted at £337.50/t.

Bread wheat prices delivered into Northamptonshire (Nov-22) gained £19.00/t last week, to be quoted at £383.00/t.

On Friday, Vikki used results from different nitrogen application strategies to analyse scenario outcomes for UK production for harvest 22. To read the full report, use this link.

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Rapeseed focus​

Paris rapeseed futures (Nov-22) closed Friday at €857.50/t, gaining €29.25/t across the week.

Delivered rapeseed (into Erith, Nov-22) was quoted Friday at £731.00/t, gaining £12.00/t across the week.

Gains on our domestic market were limited across the week due to sterling strengthening against the euro to close Friday at £1 = €1.1773.
 

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Written by Charlotte Cunningham from CPM Magazine

JCB has launched new Fastrac 4000 and 8000 Series tractors with an all-new electronics infrastructure which is claimed to deliver higher levels of performance. According to JCB, the new Fastrac iCon operator environment has three key features: iConfigure – creating a bespoke control experience for every operator iConnect – integrating advanced precision agriculture technology iControl – redefining operation through new driveline software The 175hp to 348hp (133kW to 260kW) Fastracs feature the new iCon armrest console and touch-screen display to provide flexibility in operator allocation and operator information, as well as a new transmission control strategy to enhance operator comfort and powertrain efficiency, says the manufacturer...
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