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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8061509" data-attributes="member: 142623"><p>Monday 28 March 2022</p><p>[ATTACH=full]1025463[/ATTACH]</p><p>[ATTACH=full]1025462[/ATTACH]</p><p><strong><span style="font-size: 18px">UK focus</span></strong></p><p>UK feed wheat futures continued their upwards trend. The May-22 contract settled at £316.00/t on Friday, up £23.00/t from the previous week and another record high. The Nov-22 contract also reached a new record settling at £268.55/t. It is key to note volumes traded remain relatively low.</p><p></p><p>Physical domestic prices also rose last week. Delivered feed wheat into Avonrange (May delivery) gained £11.50/t on the week, quoted at £316.00/t as at Thursdays close. This is up £115.00/t compared to the same time last year. Similarly, feed barley delivered into East Anglia (May delivery), quoted at £303.00/t is up £12.00/t on the week but £140.00/t higher than a year before.</p><p></p><p>The gains extended slightly for bread wheat. May delivery in the North West, bread wheat was quoted at £365.50/t (£55.00/t over futures), up £15.00/t from the week before. </p><p></p><p>Last week, AHDB 2021/22 UK cereals supply and demand updates were published. Despite an increase in the wheat balance estimate, it remains the third tightest on record. The barley balance is also tight. Currently estimated at 1.8Mt, this is expected to be the tightest barley balance since 2012/13.</p><p></p><p>[ATTACH=full]1025464[/ATTACH]</p><p>[ATTACH=full]1025465[/ATTACH]</p><h3>Rapeseed focus</h3><p>Paris rapeseed (May-22) gained €31.50/t (3.4%) last week, to close at €969.25/t. Winnipeg canola (May-22) also gained last week, though to a lesser extent (up 1.3%).</p><p></p><p>The market remains very volatile. This is likely to continue as we move towards April, and markets focus on how much of the Ukrainian sunflower crop manages to be planted.</p><p></p><p>On Friday, we were unable to publish any delivered rapeseed prices due to insufficient quotes received. At a time with such price volatility, we are committed to providing both timely and accurate pricing information.</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-march-2022" target="_blank">https://ahdb.org.uk/news/market-report-28-march-2022</a></p><p></p><p>Subscribe to receive Market Report directly into your e-mail inbox here - <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: 8061509, member: 142623"] Monday 28 March 2022 [ATTACH type="full"]1025463[/ATTACH] [ATTACH type="full"]1025462[/ATTACH] [B][SIZE=5]UK focus[/SIZE][/B] UK feed wheat futures continued their upwards trend. The May-22 contract settled at £316.00/t on Friday, up £23.00/t from the previous week and another record high. The Nov-22 contract also reached a new record settling at £268.55/t. It is key to note volumes traded remain relatively low. Physical domestic prices also rose last week. Delivered feed wheat into Avonrange (May delivery) gained £11.50/t on the week, quoted at £316.00/t as at Thursdays close. This is up £115.00/t compared to the same time last year. Similarly, feed barley delivered into East Anglia (May delivery), quoted at £303.00/t is up £12.00/t on the week but £140.00/t higher than a year before. The gains extended slightly for bread wheat. May delivery in the North West, bread wheat was quoted at £365.50/t (£55.00/t over futures), up £15.00/t from the week before. Last week, AHDB 2021/22 UK cereals supply and demand updates were published. Despite an increase in the wheat balance estimate, it remains the third tightest on record. The barley balance is also tight. Currently estimated at 1.8Mt, this is expected to be the tightest barley balance since 2012/13. [ATTACH type="full"]1025464[/ATTACH] [ATTACH type="full"]1025465[/ATTACH] [HEADING=2]Rapeseed focus[/HEADING] Paris rapeseed (May-22) gained €31.50/t (3.4%) last week, to close at €969.25/t. Winnipeg canola (May-22) also gained last week, though to a lesser extent (up 1.3%). The market remains very volatile. This is likely to continue as we move towards April, and markets focus on how much of the Ukrainian sunflower crop manages to be planted. On Friday, we were unable to publish any delivered rapeseed prices due to insufficient quotes received. At a time with such price volatility, we are committed to providing both timely and accurate pricing information. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/market-report-28-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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