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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7674292" data-attributes="member: 142623"><p>Monday 26 July</p><p>[ATTACH=full]976253[/ATTACH]</p><p><strong><u>UK focus</u></strong></p><p>UK delivered prices rose last week Thursday-Thursday. However, Nov-21 delivered wheat (milling and feed) prices rose by less than Nov-21 futures over the same period, reducing the basis. </p><p></p><p>Last week the gap between bread and feed wheat prices was stable. However, the gap could widen if there are issues with UK quality. This is especially given the uncertainty over crops in Germany and Canada, which are typical import origins for the UK.</p><p></p><p>Feed barley prices rose by more than feed wheat, closing the discount by £2.00/t to £18.50/t in the Avon area (Hvst delivery).</p><p></p><p>Meanwhile, prices for feed wheat delivered before the end of this month were again over £30/t higher than prices for harvest delivery.</p><p>[ATTACH=full]976254[/ATTACH]</p><p><strong>Rapeseed focus</strong></p><p>Paris rapeseed futures (Nov-21) closed Friday at €530.25/t, down €13.00/t across the week. Delivered rapeseed (Nov-21, into Erith) was quoted at £458.50/t, down £21.00/t across the week.</p><p></p><p>Sterling strengthening against the euro across the week added further pressure on our domestic market. Trading closed Friday at £1 = €1.1683, up by 0.2% across the week (Refinitiv).</p><p></p><p>Canadian canola futures (Nov-21) were down 3.7% across the week. Much of the drought impact has been priced in and weather models suggest widespread precipitation over the Canadian Prairies in the next couple of weeks.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdb.org.uk/news/market-report-26-july-2021" target="_blank">https://ahdb.org.uk/news/market-report-26-july-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: 7674292, member: 142623"] Monday 26 July [ATTACH type="full"]976253[/ATTACH] [B][U]UK focus[/U][/B] UK delivered prices rose last week Thursday-Thursday. However, Nov-21 delivered wheat (milling and feed) prices rose by less than Nov-21 futures over the same period, reducing the basis. Last week the gap between bread and feed wheat prices was stable. However, the gap could widen if there are issues with UK quality. This is especially given the uncertainty over crops in Germany and Canada, which are typical import origins for the UK. Feed barley prices rose by more than feed wheat, closing the discount by £2.00/t to £18.50/t in the Avon area (Hvst delivery). Meanwhile, prices for feed wheat delivered before the end of this month were again over £30/t higher than prices for harvest delivery. [ATTACH type="full"]976254[/ATTACH] [B]Rapeseed focus[/B] Paris rapeseed futures (Nov-21) closed Friday at €530.25/t, down €13.00/t across the week. Delivered rapeseed (Nov-21, into Erith) was quoted at £458.50/t, down £21.00/t across the week. Sterling strengthening against the euro across the week added further pressure on our domestic market. Trading closed Friday at £1 = €1.1683, up by 0.2% across the week (Refinitiv). Canadian canola futures (Nov-21) were down 3.7% across the week. Much of the drought impact has been priced in and weather models suggest widespread precipitation over the Canadian Prairies in the next couple of weeks. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/market-report-26-july-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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