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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7454552" data-attributes="member: 142623"><p><strong><u>Monday 8 March</u></strong></p><p><strong><u>[ATTACH=full]946005[/ATTACH]</u></strong></p><p><strong><u></u></strong></p><p><strong><u>UK grain markets</u></strong></p><p>UK markets moved in opposite directions last week, cutting the gap from old crop to new crop further. On Friday, the spread between the May-21 and Nov-21 UK feed wheat futures contracts stood at £34.00/t.</p><p></p><p>UK delivered grain prices generally followed UK feed wheat futures lower (Thurs-Thurs). That said, there was a general narrowing of basis across feed wheat. Since the 7 January, the basis of feed wheat delivered, East Anglia (May-21), has narrowed from £8.00/t over May-21 futures to £5.50/t. This reflects some of the weaker demand for wheat across this period, with contracts being rolled by many consumers. That said, demand is reportedly seen slightly firmer for March.</p><p></p><p>Weak demand in the milling sector has also eroded the delivered basis. Milling wheat delivered into the North West (May-21) has gone from a £39.50/t premium over futures on 7 January, to £31.50/t on Thursday 4 March. Over the same period, the basis for Nov-21 feed wheat delivered, Yorkshire (North Humberside), has grown by £3.50/t, to £9.00/t on Thursday 4 March.</p><p></p><p>[ATTACH=full]946006[/ATTACH]</p><p>Read the full AHDB Cereals and Oilseeds weekly market report here -<a href="https://ahdb.org.uk/news/market-report-08-march-2021" target="_blank"> https://ahdb.org.uk/news/market-report-08-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: 7454552, member: 142623"] [B][U]Monday 8 March [ATTACH type="full"]946005[/ATTACH] UK grain markets[/U][/B] UK markets moved in opposite directions last week, cutting the gap from old crop to new crop further. On Friday, the spread between the May-21 and Nov-21 UK feed wheat futures contracts stood at £34.00/t. UK delivered grain prices generally followed UK feed wheat futures lower (Thurs-Thurs). That said, there was a general narrowing of basis across feed wheat. Since the 7 January, the basis of feed wheat delivered, East Anglia (May-21), has narrowed from £8.00/t over May-21 futures to £5.50/t. This reflects some of the weaker demand for wheat across this period, with contracts being rolled by many consumers. That said, demand is reportedly seen slightly firmer for March. Weak demand in the milling sector has also eroded the delivered basis. Milling wheat delivered into the North West (May-21) has gone from a £39.50/t premium over futures on 7 January, to £31.50/t on Thursday 4 March. Over the same period, the basis for Nov-21 feed wheat delivered, Yorkshire (North Humberside), has grown by £3.50/t, to £9.00/t on Thursday 4 March. [ATTACH type="full"]946006[/ATTACH] Read the full AHDB Cereals and Oilseeds weekly market report here -[URL='https://ahdb.org.uk/news/market-report-08-march-2021'] https://ahdb.org.uk/news/market-report-08-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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