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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8072303" data-attributes="member: 142623"><p><strong><u>Monday 04 April 2022</u></strong></p><p><strong><u>[ATTACH=full]1026878[/ATTACH]</u></strong></p><h3>UK grains focus</h3><p>UK feed wheat futures slipped last week. The May-22 contract ended the week back £12.80/t, to £303.20/t. Nov-22 also slid, down £10.00/t, to £258.55/t (Fri 25 Mar – Fri 01 Apr).</p><p>Physical domestic prices followed this move down, with delivered feed wheat (Avonmouth, May-22 delivery) back £4.00/t on the week, to £312.00/t. However, trading is reportedly muted as we head into the last quarter of the season. Concerns remain for the end of the season, should the UK new crop be delayed coming online. Trading remains very thin for feed barley too, with no prices being able to be published last week.</p><p></p><p>Price declines were more subtle for bread wheat deliveries, with April delivery into the North West back £2.50/t on the week, to £362.00/t.</p><p></p><p>[ATTACH=full]1026879[/ATTACH]</p><h3>Rapeseed focus</h3><p>Old-crop Paris rapeseed futures followed wider oil/oilseed markets down last week. However, the global supply picture remains tight for 2021/22. Stratégie Grains have reduced their estimate for EU27 rapeseed closing stocks in its latest report to 0.7Mt.</p><p></p><p>Despite slipping oil prices, potential sunoil shortages are likely to shift EU demand to rape oil. <a href="https://ahdb.org.uk/news/analyst-s-insight-how-flexible-is-eu-rapeseed-demand" target="_blank">Rape oil is already in demand by the industrial sector and further demand by the food industry</a> will support rape oil prices and in turn seed prices.</p><p></p><p>The latest <a href="https://ahdb.org.uk/cereals-oilseeds/crop-development-report" target="_blank">AHDB crop development report</a> shows that oilseed rape for harvest-22 is mostly (64%) in good-excellent condition. However, conditions have deteriorated somewhat since November when 78% of the crop was deemed good-excellent.</p><p></p><p>New-crop rapeseed prices have seen some support. The Nov-22 Paris rapeseed futures contract gained €15.25/t from Friday-Friday. There is no week-on-week comparison for <a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">delivered rapeseed into Erith (November delivery)</a> but quoted at £669.50/t, it is up £38.00/t from the fortnight before. This is also up 71% (£278.50/t) year-on-year.</p><p></p><p></p><p><strong>Read the full AHDB Cereals and Oilseeds weekly market report </strong>here - <a href="https://ahdb.org.uk/news/market-report-04-april-2022" target="_blank">https://ahdb.org.uk/news/market-report-04-april-2022</a></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: 8072303, member: 142623"] [B][U]Monday 04 April 2022 [ATTACH type="full"]1026878[/ATTACH][/U][/B] [HEADING=2]UK grains focus[/HEADING] UK feed wheat futures slipped last week. The May-22 contract ended the week back £12.80/t, to £303.20/t. Nov-22 also slid, down £10.00/t, to £258.55/t (Fri 25 Mar – Fri 01 Apr). Physical domestic prices followed this move down, with delivered feed wheat (Avonmouth, May-22 delivery) back £4.00/t on the week, to £312.00/t. However, trading is reportedly muted as we head into the last quarter of the season. Concerns remain for the end of the season, should the UK new crop be delayed coming online. Trading remains very thin for feed barley too, with no prices being able to be published last week. Price declines were more subtle for bread wheat deliveries, with April delivery into the North West back £2.50/t on the week, to £362.00/t. [ATTACH type="full"]1026879[/ATTACH] [HEADING=2]Rapeseed focus[/HEADING] Old-crop Paris rapeseed futures followed wider oil/oilseed markets down last week. However, the global supply picture remains tight for 2021/22. Stratégie Grains have reduced their estimate for EU27 rapeseed closing stocks in its latest report to 0.7Mt. Despite slipping oil prices, potential sunoil shortages are likely to shift EU demand to rape oil. [URL='https://ahdb.org.uk/news/analyst-s-insight-how-flexible-is-eu-rapeseed-demand']Rape oil is already in demand by the industrial sector and further demand by the food industry[/URL] will support rape oil prices and in turn seed prices. The latest [URL='https://ahdb.org.uk/cereals-oilseeds/crop-development-report']AHDB crop development report[/URL] shows that oilseed rape for harvest-22 is mostly (64%) in good-excellent condition. However, conditions have deteriorated somewhat since November when 78% of the crop was deemed good-excellent. New-crop rapeseed prices have seen some support. The Nov-22 Paris rapeseed futures contract gained €15.25/t from Friday-Friday. There is no week-on-week comparison for [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']delivered rapeseed into Erith (November delivery)[/URL] but quoted at £669.50/t, it is up £38.00/t from the fortnight before. This is also up 71% (£278.50/t) year-on-year. [B]Read the full AHDB Cereals and Oilseeds weekly market report [/B]here - [URL]https://ahdb.org.uk/news/market-report-04-april-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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