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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8013877" data-attributes="member: 142623"><p>Monday 28 February 2022</p><p></p><p>[ATTACH=full]1019768[/ATTACH]</p><p></p><h3>UK focus</h3><p><a href="https://ahdb.org.uk/cereals-oilseeds/futures-prices" target="_blank">UK feed wheat futures</a> soared on Thursday, following news of the invasion. Prices eased back on Friday, but still posted large weekly gains.</p><p></p><p>The volatility in world markets meant traded volumes were very limited last week and there was a wide range in quoted values. This meant we could only publish very limited <a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">delivered prices</a> last week.</p><p></p><p>Although premiums for delivered bread wheat over May-22 futures eased in past weeks, the availability of UK bread wheat with a 13% protein content also slowed. This could mean the volume of high protein imports requirements required stays higher than the price alone might suggest. Given the sharp global price rises and international trade situation, this requirement will be very challenging for our industry.</p><p></p><p>The rise in global crude oil and natural gas is also likely to mean higher costs and challenges for UK growers who have not yet bought or taken full delivery of key inputs. AHDB has advice on <a href="https://ahdb.org.uk/events/mitigating-high-fertiliser-prices" target="_blank">dealing with higher nitrogen fertiliser costs here</a>.</p><p></p><p>[ATTACH=full]1019770[/ATTACH]</p><p></p><h3>Rapeseed focus</h3><p>Paris rapeseed futures (Aug-22) closed Friday at €638.00/t, gaining €16.75/t across the week. There was large volatility as the August contract closed at a contract high last Thursday at €666.75/t. The contract has traded as high as €687.25/t this morning (11:00 GMT).</p><p></p><p><a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">Delivered rapeseed</a> (into Erith, Aug-22) was quoted at £542.50/t last Friday, gaining £27.00/t across the week. The survey was conducted between 11:00 GMT and midday on Friday. The delivered prices were indication of market conditions at this time, but the prices may have moved considerably since then. Sterling weakening against the euro (-0.78%) across the week would have helped support domestic prices across the week. Trading closed Friday at £1 = €1.1905.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdb.org.uk/news/market-report-28-february-2022" target="_blank">https://ahdb.org.uk/news/market-report-28-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: 8013877, member: 142623"] Monday 28 February 2022 [ATTACH type="full"]1019768[/ATTACH] [HEADING=2]UK focus[/HEADING] [URL='https://ahdb.org.uk/cereals-oilseeds/futures-prices']UK feed wheat futures[/URL] soared on Thursday, following news of the invasion. Prices eased back on Friday, but still posted large weekly gains. The volatility in world markets meant traded volumes were very limited last week and there was a wide range in quoted values. This meant we could only publish very limited [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']delivered prices[/URL] last week. Although premiums for delivered bread wheat over May-22 futures eased in past weeks, the availability of UK bread wheat with a 13% protein content also slowed. This could mean the volume of high protein imports requirements required stays higher than the price alone might suggest. Given the sharp global price rises and international trade situation, this requirement will be very challenging for our industry. The rise in global crude oil and natural gas is also likely to mean higher costs and challenges for UK growers who have not yet bought or taken full delivery of key inputs. AHDB has advice on [URL='https://ahdb.org.uk/events/mitigating-high-fertiliser-prices']dealing with higher nitrogen fertiliser costs here[/URL]. [ATTACH type="full"]1019770[/ATTACH] [HEADING=2]Rapeseed focus[/HEADING] Paris rapeseed futures (Aug-22) closed Friday at €638.00/t, gaining €16.75/t across the week. There was large volatility as the August contract closed at a contract high last Thursday at €666.75/t. The contract has traded as high as €687.25/t this morning (11:00 GMT). [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']Delivered rapeseed[/URL] (into Erith, Aug-22) was quoted at £542.50/t last Friday, gaining £27.00/t across the week. The survey was conducted between 11:00 GMT and midday on Friday. The delivered prices were indication of market conditions at this time, but the prices may have moved considerably since then. Sterling weakening against the euro (-0.78%) across the week would have helped support domestic prices across the week. Trading closed Friday at £1 = €1.1905. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/market-report-28-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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