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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8028022" data-attributes="member: 142623"><p>Monday 07 March 2022</p><p></p><p>[ATTACH=full]1021298[/ATTACH]</p><p></p><h3>UK focus</h3><p>UK feed wheat futures (May-22) followed global markets upwards. The contract closed Friday (04-Mar) at £285.00/t after trading as high as £300/t earlier in the day. At Friday’s close, the contract was up £54.00/t (23.4%) from the previous Friday. It has continued to climb this morning, trading at £314.00/t by 12 noon (07-Mar), but volumes are low at just 50 contracts.</p><p></p><p>The new-crop (Nov-22) contract also closed higher on the week (+£30.00/t, 14.4%), at £238.00/t. Also gaining more this morning, trading at £258.00/t by 12 noon (180 contracts traded).</p><p></p><p>Physical trade remains relatively sparse, and markets are so volatile that representative prices are difficult to come by.</p><p></p><p>In the <a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">AHDB’s delivered survey</a> on Thursday, feed wheat for November-22 delivery into East Anglia averaged £231.50/t up £30.50/t from two weeks before but followed futures market moves.</p><p></p><p>[ATTACH=full]1021299[/ATTACH]</p><p></p><h3>Rapeseed focus</h3><p></p><p>New-crop Paris rapeseed futures (Aug-22) closed Friday at €704.75/t, gaining €66.75/t across the week. Delivered rapeseed (into Erith, Hvst-22) was quoted at £577.50/t on Friday, gaining £35.00/t across the week.</p><p></p><p>Gains in our domestic market were suppressed compared to Paris as Sterling strengthened (+1.7%) against the Euro to close Friday at £1 = €1.2109.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdb.org.uk/news/market-report-07-march-2022" target="_blank">https://ahdb.org.uk/news/market-report-07-march-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: 8028022, member: 142623"] Monday 07 March 2022 [ATTACH type="full"]1021298[/ATTACH] [HEADING=2]UK focus[/HEADING] UK feed wheat futures (May-22) followed global markets upwards. The contract closed Friday (04-Mar) at £285.00/t after trading as high as £300/t earlier in the day. At Friday’s close, the contract was up £54.00/t (23.4%) from the previous Friday. It has continued to climb this morning, trading at £314.00/t by 12 noon (07-Mar), but volumes are low at just 50 contracts. The new-crop (Nov-22) contract also closed higher on the week (+£30.00/t, 14.4%), at £238.00/t. Also gaining more this morning, trading at £258.00/t by 12 noon (180 contracts traded). Physical trade remains relatively sparse, and markets are so volatile that representative prices are difficult to come by. In the [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']AHDB’s delivered survey[/URL] on Thursday, feed wheat for November-22 delivery into East Anglia averaged £231.50/t up £30.50/t from two weeks before but followed futures market moves. [ATTACH type="full"]1021299[/ATTACH] [HEADING=2]Rapeseed focus[/HEADING] New-crop Paris rapeseed futures (Aug-22) closed Friday at €704.75/t, gaining €66.75/t across the week. Delivered rapeseed (into Erith, Hvst-22) was quoted at £577.50/t on Friday, gaining £35.00/t across the week. Gains in our domestic market were suppressed compared to Paris as Sterling strengthened (+1.7%) against the Euro to close Friday at £1 = €1.2109. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/market-report-07-march-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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