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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7896187" data-attributes="member: 142623"><p>Monday 20 December 2021</p><p></p><p>[ATTACH=full]1004318[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p>UK prices followed the global trend lower last week. Prices picked up a bit on Friday, but this was not enough to offset the losses earlier in the week.</p><p></p><p>Delivered feed wheat prices for both old and new crop delivery generally fell in line with UK futures Thursday – Thursday. E.g., Nov-22 feed wheat into Fife/Edinburgh was down £5.50/t to £208.00/t. The Nov-22 futures fell £5.85/t over the same period.</p><p></p><p>However, old crop delivered bread wheat prices recorded slightly bigger falls. This is partly due to the uncertainty about demand following the introduction of tighter COVID-19 restrictions.</p><p></p><p>Defra’s final estimate of the 2021 UK wheat crop pegs the crop at 13.99Mt. This is down slightly from 14.02Mt estimated in October, but still well above last year’s crop. The barley and oat crop also shrink slightly from October due to smaller yields, down 147Kt to 6.96Mt and down 26Kt to 1.12Mt respectively.</p><p></p><p>These Defra results also allow us to revisit our Early Bird Survey of planting intentions for harvest 2022 at a regional level. Read more about the regional changes for wheat, barley and oats here. </p><p></p><p>[ATTACH=full]1004319[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p>Paris rapeseed futures (May-22) gained €4.50/t last week, to close on Friday at €669.25/t. Arguably, rapeseed gained on soyabean strength last week.</p><p></p><p>Delivered rapeseed prices into Erith (May-22) were quoted at £627.00/t on Friday. There is no week-on-week comparison available, though this price is higher than on 03 December.</p><p></p><p>Regional figures for the Early Bird Survey were released on Friday. High prices look to have boosted planting this year, with total expected area for 2022 at 359Kha. This is up 17% from last year, and up from initial estimates too.</p><p></p><p><strong>Read the full AHDB Cereals and Oilseeds weekly market report here: </strong><a href="https://ahdb.org.uk/news/market-report-20-december-2021" target="_blank"><strong>https://ahdb.org.uk/news/market-report-20-december-2021</strong></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: 7896187, member: 142623"] Monday 20 December 2021 [ATTACH type="full"]1004318[/ATTACH] [B][U]UK grain markets[/U][/B] UK prices followed the global trend lower last week. Prices picked up a bit on Friday, but this was not enough to offset the losses earlier in the week. Delivered feed wheat prices for both old and new crop delivery generally fell in line with UK futures Thursday – Thursday. E.g., Nov-22 feed wheat into Fife/Edinburgh was down £5.50/t to £208.00/t. The Nov-22 futures fell £5.85/t over the same period. However, old crop delivered bread wheat prices recorded slightly bigger falls. This is partly due to the uncertainty about demand following the introduction of tighter COVID-19 restrictions. Defra’s final estimate of the 2021 UK wheat crop pegs the crop at 13.99Mt. This is down slightly from 14.02Mt estimated in October, but still well above last year’s crop. The barley and oat crop also shrink slightly from October due to smaller yields, down 147Kt to 6.96Mt and down 26Kt to 1.12Mt respectively. These Defra results also allow us to revisit our Early Bird Survey of planting intentions for harvest 2022 at a regional level. Read more about the regional changes for wheat, barley and oats here. [ATTACH type="full"]1004319[/ATTACH] [B][U]Rapeseed focus[/U][/B] Paris rapeseed futures (May-22) gained €4.50/t last week, to close on Friday at €669.25/t. Arguably, rapeseed gained on soyabean strength last week. Delivered rapeseed prices into Erith (May-22) were quoted at £627.00/t on Friday. There is no week-on-week comparison available, though this price is higher than on 03 December. Regional figures for the Early Bird Survey were released on Friday. High prices look to have boosted planting this year, with total expected area for 2022 at 359Kha. This is up 17% from last year, and up from initial estimates too. [B]Read the full AHDB Cereals and Oilseeds weekly market report here: [/B][URL='https://ahdb.org.uk/news/market-report-20-december-2021'][B]https://ahdb.org.uk/news/market-report-20-december-2021[/B][/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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