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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7716964" data-attributes="member: 142623"><p>Monday 23 August</p><p>[ATTACH=full]981470[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p>UK feed wheat futures (Nov-21) closed Friday at £195.00/t, a new contract high. This is following global trends as concerns about global supply tightness strengthen.</p><p></p><p>The Thursday-Thursday gain of £11.20/t on the Nov-21 futures contract was exaggerated further in physical prices. <a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">Delivered feed wheat</a> (November delivery), saw an uplift of £12.50-£14.00/t from the previous week depending on location.</p><p></p><p>Delivered feed barley, for harvest delivery, also saw a week-on-week uplift; £7.50-£8.50/t depending on location. November delivery was quoted last week at £175.50/t in Avonrange, the highest price reported for November delivery since October 2018.</p><p></p><p>UK bread wheat premium to futures (Nov-21) also extended last week to £37.00/t for November delivery in the North West. This is up from £35.00/t as at 5 August.</p><p></p><p>Last week also saw the release of the second <a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">AHDB harvest progress report</a>. It showed, by 12 August, the GB winter barley harvest was 88% complete and winter OSR harvest was 61% complete. Only an estimated 2.5% of the GB winter wheat area had been cut, the slowest start since 2017.</p><p></p><p><strong><u>[ATTACH=full]981472[/ATTACH]</u></strong></p><p><strong><u>Rapeseed focus</u></strong></p><p>Rapeseed prices again rose sharply last week. On Friday, domestic rapeseed delivered to Erith in Nov-21 was £485.00/t in <a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">AHDB’s weekly survey</a>. This was £18.50/t higher than 6 August and £25.00/t above the price on 30 July.</p><p></p><p>The USDA cut 4.2Mt from its estimate of the Canadian rapeseed crop to 16.0Mt, 21% smaller than last month. Despite a reduction to global rapeseed demand (-2.9Mt), global stocks at the end of 2021/22 are now forecast to be just 4.6Mt, the lowest since 2007/08.</p><p></p><p>In the Canadian province of Alberta, the local government estimates the canola (rapeseed) yield at just 1.38t/ha this year. This would be 40% below the five-year average. Alberta typically produces 29% of the Canadian crop but has been badly affected by the hot, dry weather this season.</p><p></p><p><a href="https://ahdb.org.uk/news/market-report-16-august-2021" target="_blank">Read the full AHDB Cereals and Oilseeds weekly market report here</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: 7716964, member: 142623"] Monday 23 August [ATTACH type="full"]981470[/ATTACH] [B][U]UK grain markets[/U][/B] UK feed wheat futures (Nov-21) closed Friday at £195.00/t, a new contract high. This is following global trends as concerns about global supply tightness strengthen. The Thursday-Thursday gain of £11.20/t on the Nov-21 futures contract was exaggerated further in physical prices. [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']Delivered feed wheat[/URL] (November delivery), saw an uplift of £12.50-£14.00/t from the previous week depending on location. Delivered feed barley, for harvest delivery, also saw a week-on-week uplift; £7.50-£8.50/t depending on location. November delivery was quoted last week at £175.50/t in Avonrange, the highest price reported for November delivery since October 2018. UK bread wheat premium to futures (Nov-21) also extended last week to £37.00/t for November delivery in the North West. This is up from £35.00/t as at 5 August. Last week also saw the release of the second [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']AHDB harvest progress report[/URL]. It showed, by 12 August, the GB winter barley harvest was 88% complete and winter OSR harvest was 61% complete. Only an estimated 2.5% of the GB winter wheat area had been cut, the slowest start since 2017. [B][U][ATTACH type="full"]981472[/ATTACH] Rapeseed focus[/U][/B] Rapeseed prices again rose sharply last week. On Friday, domestic rapeseed delivered to Erith in Nov-21 was £485.00/t in [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']AHDB’s weekly survey[/URL]. This was £18.50/t higher than 6 August and £25.00/t above the price on 30 July. The USDA cut 4.2Mt from its estimate of the Canadian rapeseed crop to 16.0Mt, 21% smaller than last month. Despite a reduction to global rapeseed demand (-2.9Mt), global stocks at the end of 2021/22 are now forecast to be just 4.6Mt, the lowest since 2007/08. In the Canadian province of Alberta, the local government estimates the canola (rapeseed) yield at just 1.38t/ha this year. This would be 40% below the five-year average. Alberta typically produces 29% of the Canadian crop but has been badly affected by the hot, dry weather this season. [URL='https://ahdb.org.uk/news/market-report-16-august-2021']Read the full AHDB Cereals and Oilseeds weekly market report here[/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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