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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7611140" data-attributes="member: 142623"><p>Monday 14 June</p><p>[ATTACH=full]967516[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>UK feed wheat futures (Nov-21) closed at £175.00/t on Friday, down £2.10/t on the week. UK futures were led by global wheat contracts last week, falling on increased supply forecasts.</p><p></p><p>The UK’s new crop wheat production was pegged last week by the WASDE as 14.1Mt. Meanwhile, Stratégie Grains forecast UK soft wheat production at 14.8Mt for 2021/22.</p><p></p><p>Following futures markets, delivered values were also knocked back for both old-crop and new-crop. Feed wheat into East Anglia (Nov-21) was quoted £2.50/t down, to £175.00/t (Thurs-Thurs), £0.50/t below the Nov-21 futures. Group 1 milling into North West (Nov-21) fell £2.00/t, to £208.00/t (Thurs-Thurs). No feed barley prices have been quoted this week due to data validation.</p><p></p><p>[ATTACH=full]967517[/ATTACH]</p><p><strong><u>Rapeseed markets</u></strong></p><p></p><p>Rapeseed prices followed the direction of the wider oilseed complex last week. Paris rapeseed futures (Nov-21) fell by €19.25/t, to close at €511.75/t. UK delivered rapeseed (Erith, Nov-21) followed a similar trend, down £11.00/t Friday-Friday, at £456.50/t.</p><p></p><p>Pressure from the vegetable oil complex outweighed what continues to be a tight market. That said, Thursday’s USDA report did make upward revisions to EU rapeseed, to 17.2Mt (+600Kt), and Australian rapeseed (+200Kt).</p><p></p><p>Another region that will be watched closely is Canada. Canadian rapeseed is currently being planted, however, a crop progress report from Statistics Canada last week suggested that crop conditions are broadly average to lower than the 1987-2020 average. Key regions in Canada remain dry.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdbsiteauth.ahdbdigital.org.uk/news/market-report-14-june-2021" target="_blank">https://ahdbsiteauth.ahdbdigital.org.uk/news/market-report-14-june-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: 7611140, member: 142623"] Monday 14 June [ATTACH type="full"]967516[/ATTACH] [B][U]UK grain markets[/U][/B] UK feed wheat futures (Nov-21) closed at £175.00/t on Friday, down £2.10/t on the week. UK futures were led by global wheat contracts last week, falling on increased supply forecasts. The UK’s new crop wheat production was pegged last week by the WASDE as 14.1Mt. Meanwhile, Stratégie Grains forecast UK soft wheat production at 14.8Mt for 2021/22. Following futures markets, delivered values were also knocked back for both old-crop and new-crop. Feed wheat into East Anglia (Nov-21) was quoted £2.50/t down, to £175.00/t (Thurs-Thurs), £0.50/t below the Nov-21 futures. Group 1 milling into North West (Nov-21) fell £2.00/t, to £208.00/t (Thurs-Thurs). No feed barley prices have been quoted this week due to data validation. [ATTACH type="full"]967517[/ATTACH] [B][U]Rapeseed markets[/U][/B] Rapeseed prices followed the direction of the wider oilseed complex last week. Paris rapeseed futures (Nov-21) fell by €19.25/t, to close at €511.75/t. UK delivered rapeseed (Erith, Nov-21) followed a similar trend, down £11.00/t Friday-Friday, at £456.50/t. Pressure from the vegetable oil complex outweighed what continues to be a tight market. That said, Thursday’s USDA report did make upward revisions to EU rapeseed, to 17.2Mt (+600Kt), and Australian rapeseed (+200Kt). Another region that will be watched closely is Canada. Canadian rapeseed is currently being planted, however, a crop progress report from Statistics Canada last week suggested that crop conditions are broadly average to lower than the 1987-2020 average. Key regions in Canada remain dry. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdbsiteauth.ahdbdigital.org.uk/news/market-report-14-june-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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