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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7523389" data-attributes="member: 142623"><p><strong>Monday 19 April</strong></p><p><strong></strong></p><p><strong>[ATTACH=full]955484[/ATTACH]</strong></p><p><strong></strong></p><p><strong>UK grain markets</strong></p><p>UK Nov-21 feed wheat futures gained £6.45/t last week, closing at the contract’s highest price to date of £173.95/t on Friday.</p><p></p><p>The first <a href="https://ahdb.org.uk/news/first-2021-gb-wheat-production-forecast-grain-market-daily" target="_blank">GB wheat production forecast for 2021</a> suggests GB wheat production could reach 14.57Mt. This is well ahead of last year’s poor crop and 6.6% ahead of the five year average. But, given the very low stocks after this season’s tiny crop, imports will still be required.</p><p></p><p>New crop delivered feed wheat prices rose in line with the futures market (Thu-Thu), while Nov-21 bread wheat prices gained slightly more than the futures. Uncertainty over the current weather outlook and crop quality is supporting prices at the moment. This uncertainty premium may come out if weather concerns ease as we get closer to harvest.</p><p></p><p>Old crop (May-21) delivered feed wheat prices made smaller gains, further shrinking the premium to futures due to slow old crop demand. On Thursday, the price for feed wheat delivered in East Anglia in May-21 was £203.00/t, just a £2.00/t premium to May-21 futures. On 8 April, the premium was £3.00/t and on 31 March it was £4.00/t. Feed barley prices rose by less than wheat last week.</p><p></p><p>[ATTACH=full]955485[/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-19-april-2021" target="_blank">https://ahdb.org.uk/news/market-report-19-april-2021</a></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: 7523389, member: 142623"] [B]Monday 19 April [ATTACH type="full"]955484[/ATTACH] UK grain markets[/B] UK Nov-21 feed wheat futures gained £6.45/t last week, closing at the contract’s highest price to date of £173.95/t on Friday. The first [URL='https://ahdb.org.uk/news/first-2021-gb-wheat-production-forecast-grain-market-daily']GB wheat production forecast for 2021[/URL] suggests GB wheat production could reach 14.57Mt. This is well ahead of last year’s poor crop and 6.6% ahead of the five year average. But, given the very low stocks after this season’s tiny crop, imports will still be required. New crop delivered feed wheat prices rose in line with the futures market (Thu-Thu), while Nov-21 bread wheat prices gained slightly more than the futures. Uncertainty over the current weather outlook and crop quality is supporting prices at the moment. This uncertainty premium may come out if weather concerns ease as we get closer to harvest. Old crop (May-21) delivered feed wheat prices made smaller gains, further shrinking the premium to futures due to slow old crop demand. On Thursday, the price for feed wheat delivered in East Anglia in May-21 was £203.00/t, just a £2.00/t premium to May-21 futures. On 8 April, the premium was £3.00/t and on 31 March it was £4.00/t. Feed barley prices rose by less than wheat last week. [ATTACH type="full"]955485[/ATTACH] Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/market-report-19-april-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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