- Location
- Stoneleigh
Monday 28 June
UK grain markets
UK feed wheat futures prices fell last week, following the global trend. The Nov-21 contract fell
£5.05/t to £167.60. But Nov-22 prices only lost £1.75/t Friday-Friday, at £165.20/t.
New crop delivered wheat prices fell in line with futures markets Thursday – Thursday. Bread wheat delivered to the Northwest in Nov-21 was reported at £202.50/t. This is a £33.50/t premium over Nov-21 futures on Thursday, unchanged from 17 June. Meanwhile, biscuit wheat delivered into Northamptonshire in Nov-21 was £184.00/t, a £15.00/t premium to Nov-21 futures.
New crop (Nov-21) feed barley was quoted at £159.50/t, delivered Avonrange. This is a £12.00/t discount to the equivalent feed wheat price.
Old crop (July) bread wheat delivered to the Northwest was £224.00/t, down £0.50/t from last week.
There was 78.8Kt of wheat in UK feed wheat futures stores as at 25 June, compared to 57.4Kt on 26 June 2020. This is the largest amount in futures stores for the last Friday in June since 2017, when there was 132.2Kt in stores.
Rapeseed markets
Rapeseed markets were supported last week. Paris rapeseed futures (Nov-21) closed on Friday at €504.25/t, up €21.00/t across the week.
The gains shadowed the support in Canadian canola futures, forecast hot and dry weather with limited rains added to drought concerns in the Canadian Prairies.
Delivered rapeseed (Harvest-21, into Erith) was quoted at £433.50/t on Friday, gaining £20.50/t across the week.
Stratégie Grains’ latest oilseed report raised the outlook for the 2021 rapeseed crop in EU-27. Projected production has increased to 17.0Mt, up from last months’ forecast of 16.8Mt. The drop in vegetable oil prices over the last month has cut margins for crushers, reducing demand prospects for 2021/22 season.
Read the full AHDB Cereals and Oilseeds weekly market report here - https://ahdb.org.uk/news/market-report-28-june-2021
Subscribe to receive Market Report direct into your e-mail inbox here -
https://ahdb.org.uk/keeping-in-touch
UK grain markets
UK feed wheat futures prices fell last week, following the global trend. The Nov-21 contract fell
£5.05/t to £167.60. But Nov-22 prices only lost £1.75/t Friday-Friday, at £165.20/t.
New crop delivered wheat prices fell in line with futures markets Thursday – Thursday. Bread wheat delivered to the Northwest in Nov-21 was reported at £202.50/t. This is a £33.50/t premium over Nov-21 futures on Thursday, unchanged from 17 June. Meanwhile, biscuit wheat delivered into Northamptonshire in Nov-21 was £184.00/t, a £15.00/t premium to Nov-21 futures.
New crop (Nov-21) feed barley was quoted at £159.50/t, delivered Avonrange. This is a £12.00/t discount to the equivalent feed wheat price.
Old crop (July) bread wheat delivered to the Northwest was £224.00/t, down £0.50/t from last week.
There was 78.8Kt of wheat in UK feed wheat futures stores as at 25 June, compared to 57.4Kt on 26 June 2020. This is the largest amount in futures stores for the last Friday in June since 2017, when there was 132.2Kt in stores.
Rapeseed markets
Rapeseed markets were supported last week. Paris rapeseed futures (Nov-21) closed on Friday at €504.25/t, up €21.00/t across the week.
The gains shadowed the support in Canadian canola futures, forecast hot and dry weather with limited rains added to drought concerns in the Canadian Prairies.
Delivered rapeseed (Harvest-21, into Erith) was quoted at £433.50/t on Friday, gaining £20.50/t across the week.
Stratégie Grains’ latest oilseed report raised the outlook for the 2021 rapeseed crop in EU-27. Projected production has increased to 17.0Mt, up from last months’ forecast of 16.8Mt. The drop in vegetable oil prices over the last month has cut margins for crushers, reducing demand prospects for 2021/22 season.
Read the full AHDB Cereals and Oilseeds weekly market report here - https://ahdb.org.uk/news/market-report-28-june-2021
Subscribe to receive Market Report direct into your e-mail inbox here -
https://ahdb.org.uk/keeping-in-touch