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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7696287" data-attributes="member: 142623"><p>Monday 9 August</p><p>[ATTACH=full]978752[/ATTACH]</p><p><strong><u>UK grain focus</u></strong></p><p>Following global contracts, UK feed wheat futures (Nov-21) gained £4.00/t on the week, closing on Friday at £186.50/t.</p><p></p><p>UK physical prices followed the pattern of futures contracts (Thurs-Thurs), last week. The Milling wheat premium to futures (Nov-21) remained at £35.00/t (Delivered November, North West). Though, feed wheat (East Anglia, Nov-21) gained slightly less than futures, quoted £3.50/t higher on the week.</p><p></p><p>Last week, we saw the release of the full <a href="https://ahdb.org.uk/cereals-oilseeds/cereal-use-in-gb-animal-feed-production?" target="_blank">animal feed</a> and <a href="https://ahdb.org.uk/cereals-oilseeds/uk-human-industrial-cereal-usage?" target="_blank">human and industrial (H&I)</a> usage figures for 2020/21. Animal feed figures showed wheat usage down. <a href="https://ahdb.org.uk/news/barley-usage-to-remain-strong-next-season-analyst-s-insight?" target="_blank">Barley usage is likely to remain strong for 2021/22</a>.</p><p></p><p>For H&I, cereal usage too was down across the board. Though with barley usage rebounded to near pre-covid 5-year average levels in the final months of 2020/21 for brewers, maltsters and distillers, <a href="https://ahdb.org.uk/news/h-i-usage-down-last-year-but-what-to-consider-for-2021-22-grain-market-daily?" target="_blank">total barley demand may keep barley tight in 2021/22</a>.</p><p></p><p>[ATTACH=full]978753[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p>Paris rapeseed futures (Nov-21) closed on Friday at €542.50/t, gaining €20.00/t across the week. Delivered rapeseed (into Erith, Nov-21) was quoted on Friday at £466.50/t, gaining £6.50/t across the week.</p><p></p><p>Gains were limited on the domestic market as Sterling strengthened (+0.62%) against the Euro to close on Friday at £1 = €1.1786.</p><p></p><p>Driving the rapeseed market is the drought in Canada, which is pushing ICE canola futures higher. However, a lot of this price climb is due to speculators and funds. Commercials are driving prices by covering short positions (Refinitiv).</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here -<a href="https://ahdb.org.uk/news/market-report-09-august-2021" target="_blank"> https://ahdb.org.uk/news/market-report-09-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: 7696287, member: 142623"] Monday 9 August [ATTACH type="full"]978752[/ATTACH] [B][U]UK grain focus[/U][/B] Following global contracts, UK feed wheat futures (Nov-21) gained £4.00/t on the week, closing on Friday at £186.50/t. UK physical prices followed the pattern of futures contracts (Thurs-Thurs), last week. The Milling wheat premium to futures (Nov-21) remained at £35.00/t (Delivered November, North West). Though, feed wheat (East Anglia, Nov-21) gained slightly less than futures, quoted £3.50/t higher on the week. Last week, we saw the release of the full [URL='https://ahdb.org.uk/cereals-oilseeds/cereal-use-in-gb-animal-feed-production?']animal feed[/URL] and [URL='https://ahdb.org.uk/cereals-oilseeds/uk-human-industrial-cereal-usage?']human and industrial (H&I)[/URL] usage figures for 2020/21. Animal feed figures showed wheat usage down. [URL='https://ahdb.org.uk/news/barley-usage-to-remain-strong-next-season-analyst-s-insight?']Barley usage is likely to remain strong for 2021/22[/URL]. For H&I, cereal usage too was down across the board. Though with barley usage rebounded to near pre-covid 5-year average levels in the final months of 2020/21 for brewers, maltsters and distillers, [URL='https://ahdb.org.uk/news/h-i-usage-down-last-year-but-what-to-consider-for-2021-22-grain-market-daily?']total barley demand may keep barley tight in 2021/22[/URL]. [ATTACH type="full"]978753[/ATTACH] [B][U]Rapeseed focus[/U][/B] Paris rapeseed futures (Nov-21) closed on Friday at €542.50/t, gaining €20.00/t across the week. Delivered rapeseed (into Erith, Nov-21) was quoted on Friday at £466.50/t, gaining £6.50/t across the week. Gains were limited on the domestic market as Sterling strengthened (+0.62%) against the Euro to close on Friday at £1 = €1.1786. Driving the rapeseed market is the drought in Canada, which is pushing ICE canola futures higher. However, a lot of this price climb is due to speculators and funds. Commercials are driving prices by covering short positions (Refinitiv). Read the full AHDB Cereals and Oilseeds weekly market report here -[URL='https://ahdb.org.uk/news/market-report-09-august-2021'] https://ahdb.org.uk/news/market-report-09-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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