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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7776476" data-attributes="member: 142623"><p>Monday 04 October</p><p></p><p>Following requested feedback earlier in the year, we have amended our dials. The dials in this report reflect the analyst’s view of the possible direction in markets. The two-week (solid line) and six-month (dashed line) outlooks are based on the best available information at the time of writing. Please note, these views do not constitute trading advice and direction of markets may change due to new information since the time of writing.</p><p></p><p>[ATTACH=full]989266[/ATTACH]</p><p><strong><u>UK Grain Market</u></strong></p><p>UK wheat futures (Nov-21) followed global markets, gaining £8.50/t across the week, to close Friday at £202.50/t.</p><p></p><p>Delivered values followed this trend. Feed wheat (delivered into East Anglia, Nov-21) was quoted at £200.50/t, gaining £7.50/t Thursday to Thursday. Delivered feed barley into the East was quoted at £184.00/t, gaining £5.50 for the same period. This saw barley’s discount to feed wheat stretch further; to £16.50/t.</p><p></p><p>Delivered milling wheat (North-West, Nov-21) was quoted at £252.00/t on Thursday, a premium of £51.50/t over UK futures.</p><p></p><p>[ATTACH=full]989267[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p></p><p>Rapeseed markets continued their upward march last week. Nov-21 Paris rapeseed futures gained €24.75/t across the week to close Friday at €644.25/t. Thursday saw record levels of €651.00/t reached. Winnipeg canola (Nov-21) also climbed reaching the highest point since August on Thursday. This contract closed the week at CA$903.10/t, up CA$15.20/t on the week.</p><p></p><p>UK delivered rapeseed (Nov-21 delivery, into Erith) was quoted at £549.50/t, up a further £17.50/t from the previous Friday. UK physical prices continue to track Paris futures.</p><p></p><p>From our <a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">delivered oilseeds survey</a>, prices for delivered rapeseed into Erith, in November 2021, have gained £79.00/t since 2 July (start of the marketing year) and £184.00/t since they were first quoted on 8 January 2021.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here <a href="https://ahdb.org.uk/news/market-report-04-october-2021" target="_blank">https://ahdb.org.uk/news/market-report-04-october-2021</a></p><p></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: 7776476, member: 142623"] Monday 04 October Following requested feedback earlier in the year, we have amended our dials. The dials in this report reflect the analyst’s view of the possible direction in markets. The two-week (solid line) and six-month (dashed line) outlooks are based on the best available information at the time of writing. Please note, these views do not constitute trading advice and direction of markets may change due to new information since the time of writing. [ATTACH type="full" alt="1633354674237.png"]989266[/ATTACH] [B][U]UK Grain Market[/U][/B] UK wheat futures (Nov-21) followed global markets, gaining £8.50/t across the week, to close Friday at £202.50/t. Delivered values followed this trend. Feed wheat (delivered into East Anglia, Nov-21) was quoted at £200.50/t, gaining £7.50/t Thursday to Thursday. Delivered feed barley into the East was quoted at £184.00/t, gaining £5.50 for the same period. This saw barley’s discount to feed wheat stretch further; to £16.50/t. Delivered milling wheat (North-West, Nov-21) was quoted at £252.00/t on Thursday, a premium of £51.50/t over UK futures. [ATTACH type="full" alt="1633354775734.png"]989267[/ATTACH] [B][U]Rapeseed focus[/U][/B] Rapeseed markets continued their upward march last week. Nov-21 Paris rapeseed futures gained €24.75/t across the week to close Friday at €644.25/t. Thursday saw record levels of €651.00/t reached. Winnipeg canola (Nov-21) also climbed reaching the highest point since August on Thursday. This contract closed the week at CA$903.10/t, up CA$15.20/t on the week. UK delivered rapeseed (Nov-21 delivery, into Erith) was quoted at £549.50/t, up a further £17.50/t from the previous Friday. UK physical prices continue to track Paris futures. From our [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']delivered oilseeds survey[/URL], prices for delivered rapeseed into Erith, in November 2021, have gained £79.00/t since 2 July (start of the marketing year) and £184.00/t since they were first quoted on 8 January 2021. Read the full AHDB Cereals and Oilseeds weekly market report here [URL]https://ahdb.org.uk/news/market-report-04-october-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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