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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7621441" data-attributes="member: 142623"><p>Monday 21 June</p><p>[ATTACH=full]969000[/ATTACH]</p><p> <u><strong>UK grain markets</strong></u></p><p>Favourable weather conditions have bolstered potential production prospects for our domestic new crop. Talk is heading more towards 15Mt for the wheat crop, which would help to offset tight starting stocks and potentially allow for exports from South/East England.</p><p></p><p>The UK market followed the global market as new crop wheat futures (Nov-21) closed at £172.65/t, down £2.35/t across the week.</p><p></p><p>The pressure on old crop values was greater as delivered feed wheat (Jun-21, into East Anglia) was quoted at £195.00/t, down £7.50/t across a very thin week of trading. Old-crop prices are converging downwards towards new-crop as we head closer to harvest. Meanwhile, new crop (Nov-21, delivered into East Anglia) was quoted at £171.00/t, down £4.00/t across the week.</p><p></p><p>[ATTACH=full]969002[/ATTACH]</p><p><strong><u>Rapeseed focus</u></strong></p><p>UK delivered prices fell sharply last week. On 18 June, rapeseed delivered to Erith in Nov-21 was reported at £420.50/t, £36.00/t less than on 11 June, and the lowest price since 9 April. It’s still £73.00/t higher than the price of Nov-20 rapeseed on 19 June 2020.</p><p></p><p>The fall in delivered prices (Friday-Friday) is larger than the Paris futures market, which lost approximately £24.00/t. The AHDB survey is carried out at lunchtime before the world market recovered partially on Friday afternoon due to high US export sales of soyabeans.</p><p></p><p>The German rapeseed crop is forecast at 3.67Mt by the German association of farm cooperatives. This is up slightly from the May forecast of 3.62Mt and 5% larger than last year. But, in Ukraine, the crop was trimmed from 2.51Mt to 2.46Mt by APK-Inform due to wet weather. This is now 6% smaller than last year.</p><p></p><p>The global rapeseed crop in 2021/22 is forecast to be slightly bigger than demand currently (USDA). But, a bigger global crop is largely dependent on a bigger Canadian crop. We find out the Canadian planted area on 29 June.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdb.org.uk/news/market-report-21-june-2021" target="_blank">https://ahdb.org.uk/news/market-report-21-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: 7621441, member: 142623"] Monday 21 June [ATTACH type="full"]969000[/ATTACH] [U][B]UK grain markets[/B][/U] Favourable weather conditions have bolstered potential production prospects for our domestic new crop. Talk is heading more towards 15Mt for the wheat crop, which would help to offset tight starting stocks and potentially allow for exports from South/East England. The UK market followed the global market as new crop wheat futures (Nov-21) closed at £172.65/t, down £2.35/t across the week. The pressure on old crop values was greater as delivered feed wheat (Jun-21, into East Anglia) was quoted at £195.00/t, down £7.50/t across a very thin week of trading. Old-crop prices are converging downwards towards new-crop as we head closer to harvest. Meanwhile, new crop (Nov-21, delivered into East Anglia) was quoted at £171.00/t, down £4.00/t across the week. [ATTACH type="full"]969002[/ATTACH] [B][U]Rapeseed focus[/U][/B] UK delivered prices fell sharply last week. On 18 June, rapeseed delivered to Erith in Nov-21 was reported at £420.50/t, £36.00/t less than on 11 June, and the lowest price since 9 April. It’s still £73.00/t higher than the price of Nov-20 rapeseed on 19 June 2020. The fall in delivered prices (Friday-Friday) is larger than the Paris futures market, which lost approximately £24.00/t. The AHDB survey is carried out at lunchtime before the world market recovered partially on Friday afternoon due to high US export sales of soyabeans. The German rapeseed crop is forecast at 3.67Mt by the German association of farm cooperatives. This is up slightly from the May forecast of 3.62Mt and 5% larger than last year. But, in Ukraine, the crop was trimmed from 2.51Mt to 2.46Mt by APK-Inform due to wet weather. This is now 6% smaller than last year. The global rapeseed crop in 2021/22 is forecast to be slightly bigger than demand currently (USDA). But, a bigger global crop is largely dependent on a bigger Canadian crop. We find out the Canadian planted area on 29 June. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/market-report-21-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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