- Location
- Stoneleigh
Monday 06 December 2021
Delivered prices in the UK followed futures movements (Thursday to Thursday). Into Avonrange (Jan-22 delivery), feed wheat was down £3.00/t to £233.00/t and feed barley down £1.50/t to £223.00/t.
On Friday, we released our first crop condition report for the 2021/22 growing season. In November 2021, mild and settled weather lead to good crop establishment.
The latest AHDB human and industrial (H&I) and animal feed usage figures were also released last week. With many livestock sector’s margins under strain, compound feed demand is starting to feel the pressure.
Further sharp increases in fertiliser prices were confirmed for October, in the AHDB’s fertiliser price survey results. For the latest guidance on recommended nitrogen applications, follow this link.
There is also a nitrogen fertiliser adjustment calculator for cereals and oilseeds available on our website. For more information, sign up to the AHDB webinar ‘Mitigating high fertiliser prices’ on 16 December, using this link.
Rapeseed focus
After a €29.75/t dip in the market (Friday-to-Tuesday), Paris rapeseed futures (May-22) closed just €0.50/t down Friday-to-Friday at €648.00/t (c.£551/t).
Initial drops followed the wider oilseed/oil complex on the back of increased concerns of the spread of the Omicron covid-19 variant.
On Friday, Statistics Canada released revised estimates for their 2021 harvest, which trimmed the countries canola production by 0.19Mt. Now pegged at 12.59Mt, it is the smallest crop since 2007. This adds further concerns for the current marketing year, already anticipated to be very tight.
Looking ahead to harvest 2022, Stratégie Grains has revised down (from the previous report) the EU rapeseed area by 30Kha, to 5.6Mha. 2021/22 production is forecast up 6% from harvest-21, to 17.98Mt.
In the UK, the first AHDB crop conditions report stated 78% of planted OSR crops are in good-excellent condition. A small proportion of crops failed during September due to dryness, but establishment was generally good. Growth continued well as October and November conditions were mostly favourable, resulting in fair canopies and leaf cover.
Domestic old-crop (harvest-21) prices recovered somewhat from the previous two weeks of losses. Delivered rapeseed into Erith (Dec-21 delivery) was quoted at £592.50/t, up £13.50/t from the previous week. Visit the delivered prices page on our website to find more prices.
Read the full AHDB Cereals and Oilseeds weekly market report here: https://ahdb.org.uk/news/market-report-06-december-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 (May-22) closed Friday at £231.25/t, down £5.35/t week-on-week.Delivered prices in the UK followed futures movements (Thursday to Thursday). Into Avonrange (Jan-22 delivery), feed wheat was down £3.00/t to £233.00/t and feed barley down £1.50/t to £223.00/t.
On Friday, we released our first crop condition report for the 2021/22 growing season. In November 2021, mild and settled weather lead to good crop establishment.
The latest AHDB human and industrial (H&I) and animal feed usage figures were also released last week. With many livestock sector’s margins under strain, compound feed demand is starting to feel the pressure.
Further sharp increases in fertiliser prices were confirmed for October, in the AHDB’s fertiliser price survey results. For the latest guidance on recommended nitrogen applications, follow this link.
There is also a nitrogen fertiliser adjustment calculator for cereals and oilseeds available on our website. For more information, sign up to the AHDB webinar ‘Mitigating high fertiliser prices’ on 16 December, using this link.
Rapeseed focus
After a €29.75/t dip in the market (Friday-to-Tuesday), Paris rapeseed futures (May-22) closed just €0.50/t down Friday-to-Friday at €648.00/t (c.£551/t).
Initial drops followed the wider oilseed/oil complex on the back of increased concerns of the spread of the Omicron covid-19 variant.
On Friday, Statistics Canada released revised estimates for their 2021 harvest, which trimmed the countries canola production by 0.19Mt. Now pegged at 12.59Mt, it is the smallest crop since 2007. This adds further concerns for the current marketing year, already anticipated to be very tight.
Looking ahead to harvest 2022, Stratégie Grains has revised down (from the previous report) the EU rapeseed area by 30Kha, to 5.6Mha. 2021/22 production is forecast up 6% from harvest-21, to 17.98Mt.
In the UK, the first AHDB crop conditions report stated 78% of planted OSR crops are in good-excellent condition. A small proportion of crops failed during September due to dryness, but establishment was generally good. Growth continued well as October and November conditions were mostly favourable, resulting in fair canopies and leaf cover.
Domestic old-crop (harvest-21) prices recovered somewhat from the previous two weeks of losses. Delivered rapeseed into Erith (Dec-21 delivery) was quoted at £592.50/t, up £13.50/t from the previous week. Visit the delivered prices page on our website to find more prices.
Read the full AHDB Cereals and Oilseeds weekly market report here: https://ahdb.org.uk/news/market-report-06-december-2021
Subscribe to receive Market Report direct into your e-mail inbox here -
https://ahdb.org.uk/keeping-in-touch