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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7685314" data-attributes="member: 142623"><p>Monday 2 August</p><p>[ATTACH=full]977465[/ATTACH]</p><p><strong><u>UK focus</u></strong></p><p>In the week ending 27 July, 47% of the UK winter barley crop had been cut. Yields of winter barley were averaging 6.6 – 7.0t/ha; the midpoint represented the five-year average. Bushel weights of barley are so far lower than normal. Read the full Harvest report here.</p><p></p><p>UK feed wheat futures (Nov-21), gained £6.75/t last week, ending on Friday at £182.50/t. UK prices followed the global trend in wheat prices.</p><p></p><p>Gains in the UK physical market were slightly stronger than in the futures market, suggesting a tighter feel to the domestic market week-on-week. For milling wheat, the premium of North West milling wheat over futures gained £3.00/t week-on-week to £35.00/t. Smaller premium growth was seen in the Midlands (+£1.00/t to £24.50/t) and in London/Essex (+£1.00/t to £21.50/t). With concerns over global milling quality, this is not surprising.</p><p>[ATTACH=full]977466[/ATTACH]</p><p><strong><u>Rapeseed focus</u></strong></p><p>Paris rapeseed futures (Nov-21) fell €7.75/t to €522.50/t (£446.16/t) last week, tracking the Friday fall in soyabean markets. Delivered rapeseed for harvest delivery (Erith) was quoted at £452.50/t, up £0.50/t as at Friday 30 July. November delivery into Erith was quoted at £460.00/t, up £1.50/t.</p><p></p><p>On Friday, we released <a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">our first harvest report</a>, which detailed that the domestic OSR harvest was 9% complete as of 27 July. With this, a preliminary yield is estimated at 3.0 – 3.4t/ha. Rainfall later this week could delay progression for much of the UK.</p><p></p><p>Stratégie Grains kept firm its outlook for 2021/22 rapeseed production in the EU-27, estimated at 17.03Mt. This would be 2.5% above the output last season of 16.61Mt. 2021/22 ending stocks were cut slightly as the analysts expect reduced imports from Canada and Australia due to high prices.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdb.org.uk/news/market-report-02-august-2021" target="_blank">https://ahdb.org.uk/news/market-report-02-august-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: 7685314, member: 142623"] Monday 2 August [ATTACH type="full"]977465[/ATTACH] [B][U]UK focus[/U][/B] In the week ending 27 July, 47% of the UK winter barley crop had been cut. Yields of winter barley were averaging 6.6 – 7.0t/ha; the midpoint represented the five-year average. Bushel weights of barley are so far lower than normal. Read the full Harvest report here. UK feed wheat futures (Nov-21), gained £6.75/t last week, ending on Friday at £182.50/t. UK prices followed the global trend in wheat prices. Gains in the UK physical market were slightly stronger than in the futures market, suggesting a tighter feel to the domestic market week-on-week. For milling wheat, the premium of North West milling wheat over futures gained £3.00/t week-on-week to £35.00/t. Smaller premium growth was seen in the Midlands (+£1.00/t to £24.50/t) and in London/Essex (+£1.00/t to £21.50/t). With concerns over global milling quality, this is not surprising. [ATTACH type="full"]977466[/ATTACH] [B][U]Rapeseed focus[/U][/B] Paris rapeseed futures (Nov-21) fell €7.75/t to €522.50/t (£446.16/t) last week, tracking the Friday fall in soyabean markets. Delivered rapeseed for harvest delivery (Erith) was quoted at £452.50/t, up £0.50/t as at Friday 30 July. November delivery into Erith was quoted at £460.00/t, up £1.50/t. On Friday, we released [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']our first harvest report[/URL], which detailed that the domestic OSR harvest was 9% complete as of 27 July. With this, a preliminary yield is estimated at 3.0 – 3.4t/ha. Rainfall later this week could delay progression for much of the UK. Stratégie Grains kept firm its outlook for 2021/22 rapeseed production in the EU-27, estimated at 17.03Mt. This would be 2.5% above the output last season of 16.61Mt. 2021/22 ending stocks were cut slightly as the analysts expect reduced imports from Canada and Australia due to high prices. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/market-report-02-august-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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