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Arable Farming
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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7428959" data-attributes="member: 142623"><p><strong><u>Monday 22 February</u></strong></p><p><strong><u></u></strong></p><p><strong><u>[ATTACH=full]942884[/ATTACH]</u></strong></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>May-21 UK feed wheat futures rose by a similar amount to US markets last week (Fri-Fri). This was despite sterling rising. On Friday, sterling hits its highest level against the euro since end-Feb 2020 (£1 = €1.1562) and since April 2018 against the US dollar (£1 =$1.4014).</p><p></p><p>Delivered prices for feed wheat and feed barley rose by similar amounts to UK futures (Thu-Thu). But there were smaller price rises for Group 1 bread wheat. The market is working through stocks built ahead of the EU exit deadline. In addition, demand is curtailed for some market sectors by the coronavirus restrictions.</p><p></p><p>AHDB will release the next estimates of UK grain supply and demand on Wednesday.</p><p></p><p>This week, Defra launch surveys to understand on-farm stocks of grain in England and Wales. Completing this survey is imperative to ensuring accurate data this season. Accurate data helps everyone to make better business and policy decisions. <a href="https://ahdb.org.uk/news/leading-the-effort-to-give-accurate-industry-data" target="_blank">Click here to see how we’re working with Defra to improve the accuracy of market data</a>.</p><p></p><p>[ATTACH=full]942885[/ATTACH]</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here -<a href="https://ahdb.org.uk/news/market-report-22-february-2021" target="_blank"> https://ahdb.org.uk/news/market-report-22-february-2021</a></p><p></p><p>Subscribe to receive Market Report direct into your e-mail inbox here -</p><p><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: 7428959, member: 142623"] [B][U]Monday 22 February [ATTACH type="full"]942884[/ATTACH] UK grain markets[/U][/B] May-21 UK feed wheat futures rose by a similar amount to US markets last week (Fri-Fri). This was despite sterling rising. On Friday, sterling hits its highest level against the euro since end-Feb 2020 (£1 = €1.1562) and since April 2018 against the US dollar (£1 =$1.4014). Delivered prices for feed wheat and feed barley rose by similar amounts to UK futures (Thu-Thu). But there were smaller price rises for Group 1 bread wheat. The market is working through stocks built ahead of the EU exit deadline. In addition, demand is curtailed for some market sectors by the coronavirus restrictions. AHDB will release the next estimates of UK grain supply and demand on Wednesday. This week, Defra launch surveys to understand on-farm stocks of grain in England and Wales. Completing this survey is imperative to ensuring accurate data this season. Accurate data helps everyone to make better business and policy decisions. [URL='https://ahdb.org.uk/news/leading-the-effort-to-give-accurate-industry-data']Click here to see how we’re working with Defra to improve the accuracy of market data[/URL]. [ATTACH type="full"]942885[/ATTACH] Read the full AHDB Cereals and Oilseeds weekly market report here -[URL='https://ahdb.org.uk/news/market-report-22-february-2021'] https://ahdb.org.uk/news/market-report-22-february-2021[/URL] Subscribe to receive Market Report direct into your e-mail inbox here - [URL]https://ahdb.org.uk/keeping-in-touch[/URL] [/QUOTE]
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