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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 7999992" data-attributes="member: 142623"><p>Monday 21 February 2022</p><p>[ATTACH=full]1018300[/ATTACH]</p><p><strong><u>UK grain markets</u></strong></p><p>UK feed wheat futures gained last week (Fri-Fri) following the global trend, though new crop prices rose more than old crop prices. The May-22 contract gained £1.45/t to end Friday at £222.50/t, while the Nov-22 contract rose £2.85/t over the week to £204.00/t.</p><p></p><p>However, the uncertainty in the global market reportedly slowed trading, as it made managing risk through hedging more difficult.</p><p></p><p>Old crop <a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">delivered bread wheat</a> premiums over May-22 futures continued to ease last week as mills acquired more cover. It also looks like UK prices are capped by the <a href="https://ahdb.org.uk/uk-import-parities" target="_blank">cost of importing grain</a>. For example, on Thursday 17 February, bread wheat delivered to the Northwest in May-22 was £283.00/t. This equated to a premium of £65.00/t over May-22 futures, down from £66.50/t on 10 February and down from a peak of £70.00/t on 27 January.</p><p></p><p>[ATTACH=full]1018302[/ATTACH]</p><p><strong><u>Rapeseed focus</u></strong></p><p>Paris rapeseed futures (Nov-22) gained €3.25/t last week, to close on Friday at €620.00/t. The global rapeseed supply and demand balance remains tight, and the market is sensitive to new news on availability. As a result, prices are following the Black Sea tensions closely and have seen volatility in recent weeks.</p><p></p><p><a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">UK delivered prices</a> followed Paris futures prices last week. On Friday, rapeseed into Erith for harvest delivery was up £0.50/t from 11 February to £515.50/t. For delivery into Erith in Nov-22, quotes on Friday were up £1.00/t on the week, to £524.50/t.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdb.org.uk/news/market-report-21-february-2022" target="_blank">https://ahdb.org.uk/news/market-report-21-february-2022</a></p><p></p><p>Subscribe to receive Market Report directly 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: 7999992, member: 142623"] Monday 21 February 2022 [ATTACH type="full"]1018300[/ATTACH] [B][U]UK grain markets[/U][/B] UK feed wheat futures gained last week (Fri-Fri) following the global trend, though new crop prices rose more than old crop prices. The May-22 contract gained £1.45/t to end Friday at £222.50/t, while the Nov-22 contract rose £2.85/t over the week to £204.00/t. However, the uncertainty in the global market reportedly slowed trading, as it made managing risk through hedging more difficult. Old crop [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']delivered bread wheat[/URL] premiums over May-22 futures continued to ease last week as mills acquired more cover. It also looks like UK prices are capped by the [URL='https://ahdb.org.uk/uk-import-parities']cost of importing grain[/URL]. For example, on Thursday 17 February, bread wheat delivered to the Northwest in May-22 was £283.00/t. This equated to a premium of £65.00/t over May-22 futures, down from £66.50/t on 10 February and down from a peak of £70.00/t on 27 January. [ATTACH type="full"]1018302[/ATTACH] [B][U]Rapeseed focus[/U][/B] Paris rapeseed futures (Nov-22) gained €3.25/t last week, to close on Friday at €620.00/t. The global rapeseed supply and demand balance remains tight, and the market is sensitive to new news on availability. As a result, prices are following the Black Sea tensions closely and have seen volatility in recent weeks. [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']UK delivered prices[/URL] followed Paris futures prices last week. On Friday, rapeseed into Erith for harvest delivery was up £0.50/t from 11 February to £515.50/t. For delivery into Erith in Nov-22, quotes on Friday were up £1.00/t on the week, to £524.50/t. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/market-report-21-february-2022[/URL] Subscribe to receive Market Report directly into your e-mail inbox here - [URL]https://ahdb.org.uk/keeping-in-touch[/URL] [/QUOTE]
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