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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7441968" data-attributes="member: 142623"><p><strong><u>Monday 1 March</u></strong></p><p></p><p>[ATTACH=full]944482[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>UK feed wheat futures May-21 closed at £207.00/t on Friday, up £1.50/t on the week. New crop (Nov-21) gained £0.75/t Friday to Friday. Prices rose on Thursday fuelled by the <a href="https://ahdb.org.uk/news/analyst-insight-green-fuel-what-could-this-mean-for-wheat-prices?" target="_blank">news of E10 fuel launching in September 2021</a> but backed off slightly on Friday.</p><p></p><p>Delivered bread and feed wheat prices gained alike last week (Thurs-Thurs). For new crop feed wheat (Nov-21), North Humberside prices gained £3.50/t on the week to £179.00/t. Similarly, East Anglia delivery (Nov-21) gained £3.50/t week-on-week to £172.00/t.</p><p></p><p>Last week, the AHDB released the <a href="https://ahdb.org.uk/cereals-oilseeds/uk-cereals-supply-demand-balance-sheets?" target="_blank">latest supply and demand estimates for the UK</a>. These figures forecast a wheat surplus of 73Kt, a change from a deficit in November’s estimates.</p><p></p><p>Why have we moved to a surplus from a deficit? The forecast for domestic consumption for 2020/21 fell by 814Kt from November’s estimate to 12.62Mt. This is mostly on account of a fall in animal feed consumption. This fall more than offset production being cut to the lowest in nearly 40 years at 9.66Mt.</p><p></p><p>But the surplus is before exports are accounted for. The UK exported 116.7Kt of wheat from July to December, shifting the surplus to a deficit of 43.7Kt. Therefore, the wheat balance remains tight into next season, especially with the potential of added E10 demand.</p><p></p><p>[ATTACH=full]944483[/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-01-march-2021" target="_blank"> https://ahdb.org.uk/news/market-report-01-march-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: 7441968, member: 142623"] [B][U]Monday 1 March[/U][/B] [ATTACH type="full"]944482[/ATTACH] [B][U]UK grain markets[/U][/B] UK feed wheat futures May-21 closed at £207.00/t on Friday, up £1.50/t on the week. New crop (Nov-21) gained £0.75/t Friday to Friday. Prices rose on Thursday fuelled by the [URL='https://ahdb.org.uk/news/analyst-insight-green-fuel-what-could-this-mean-for-wheat-prices?']news of E10 fuel launching in September 2021[/URL] but backed off slightly on Friday. Delivered bread and feed wheat prices gained alike last week (Thurs-Thurs). For new crop feed wheat (Nov-21), North Humberside prices gained £3.50/t on the week to £179.00/t. Similarly, East Anglia delivery (Nov-21) gained £3.50/t week-on-week to £172.00/t. Last week, the AHDB released the [URL='https://ahdb.org.uk/cereals-oilseeds/uk-cereals-supply-demand-balance-sheets?']latest supply and demand estimates for the UK[/URL]. These figures forecast a wheat surplus of 73Kt, a change from a deficit in November’s estimates. Why have we moved to a surplus from a deficit? The forecast for domestic consumption for 2020/21 fell by 814Kt from November’s estimate to 12.62Mt. This is mostly on account of a fall in animal feed consumption. This fall more than offset production being cut to the lowest in nearly 40 years at 9.66Mt. But the surplus is before exports are accounted for. The UK exported 116.7Kt of wheat from July to December, shifting the surplus to a deficit of 43.7Kt. Therefore, the wheat balance remains tight into next season, especially with the potential of added E10 demand. [ATTACH type="full"]944483[/ATTACH] Read the full AHDB Cereals and Oilseeds weekly market report here -[URL='https://ahdb.org.uk/news/market-report-01-march-2021'] https://ahdb.org.uk/news/market-report-01-march-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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