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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8151970" data-attributes="member: 142623"><p>Monday 23 May 2022</p><p></p><p>[ATTACH=full]1038001[/ATTACH]</p><h3><u>UK grain markets</u></h3><p>UK feed wheat futures (May-22) closed on Friday at £336.50/t. This is down £15.30/t from last Friday. The new-crop futures (Nov-22) closed on Friday at £331.00/t, down £5.30/t. Though <a href="https://ahdb.org.uk/news/us-crop-condition-report-adding-to-supply-concerns-grain-market-daily" target="_blank">both contracts reached record highs on Monday following the Indian export ban</a>.</p><p></p><p>New-crop futures have narrowed closely to old-crop prices, falling less week-on-week. The fundamental support remains for next season, considering the war between Russia and Ukraine, and weather issues causing concern to global harvest 22 crop sizes.</p><p></p><p>UK delivered prices continue to follow global market movements. East Anglia feed wheat, for Nov-22 delivery, fell £6.50/t last week (Thurs-Thurs) to be quoted at £331.00/t on Thursday.</p><p></p><p>Bread wheat prices for Nov-22 to London/Essex were quoted at £374.00/t on Thursday.</p><p></p><p>Last week, two key analysis pieces were produced. The first looking at <a href="https://ahdb.org.uk/news/analyst-insight-how-are-margins-looking-for-harvests-22-and-23" target="_blank">gross margins for harvests’ 22 and 23.</a> The second piece <a href="https://ahdb.org.uk/news/what-could-the-impact-be-on-harvest-2023-from-high-input-costs-grain-market-daily" target="_blank">explored the impact on harvest 2023 from high input costs</a>.</p><p></p><p>[ATTACH=full]1038004[/ATTACH]</p><h3><u>Rapeseed focus</u></h3><p>Paris rapeseed futures (Nov-22) closed Friday at €821.00/t, down €36.50/t across the week. Domestically, delivered rapeseed (Into Erith, Hvst-22) was quoted Friday at £701.50/t, down £23.00/t across the week. For the same delivery, November was quoted at £707.50/t, down £23.50/t across the week.</p><p></p><p>Currently there isn’t any major weather concerns in the Canadian Prairies where canola (rapeseed) plantings are on-going. Forecasts show that in the next week that mean temperatures remain stable, with light rains forecast over the next 7 days in the Canadian prairies.</p><p></p><p><strong>Read the full AHDB Cereals and Oilseeds weekly market report here: </strong><a href="https://ahdb.org.uk/news/arable-market-report-23-may-2022" target="_blank"><strong>https://ahdb.org.uk/news/arable-market-report-23-may-2022</strong></a></p><p></p><p>Subscribe to receive Market Report direct 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: 8151970, member: 142623"] Monday 23 May 2022 [ATTACH type="full"]1038001[/ATTACH] [HEADING=2][U]UK grain markets[/U][/HEADING] UK feed wheat futures (May-22) closed on Friday at £336.50/t. This is down £15.30/t from last Friday. The new-crop futures (Nov-22) closed on Friday at £331.00/t, down £5.30/t. Though [URL='https://ahdb.org.uk/news/us-crop-condition-report-adding-to-supply-concerns-grain-market-daily']both contracts reached record highs on Monday following the Indian export ban[/URL]. New-crop futures have narrowed closely to old-crop prices, falling less week-on-week. The fundamental support remains for next season, considering the war between Russia and Ukraine, and weather issues causing concern to global harvest 22 crop sizes. UK delivered prices continue to follow global market movements. East Anglia feed wheat, for Nov-22 delivery, fell £6.50/t last week (Thurs-Thurs) to be quoted at £331.00/t on Thursday. Bread wheat prices for Nov-22 to London/Essex were quoted at £374.00/t on Thursday. Last week, two key analysis pieces were produced. The first looking at [URL='https://ahdb.org.uk/news/analyst-insight-how-are-margins-looking-for-harvests-22-and-23']gross margins for harvests’ 22 and 23.[/URL] The second piece [URL='https://ahdb.org.uk/news/what-could-the-impact-be-on-harvest-2023-from-high-input-costs-grain-market-daily']explored the impact on harvest 2023 from high input costs[/URL]. [ATTACH type="full"]1038004[/ATTACH] [HEADING=2][U]Rapeseed focus[/U][/HEADING] Paris rapeseed futures (Nov-22) closed Friday at €821.00/t, down €36.50/t across the week. Domestically, delivered rapeseed (Into Erith, Hvst-22) was quoted Friday at £701.50/t, down £23.00/t across the week. For the same delivery, November was quoted at £707.50/t, down £23.50/t across the week. Currently there isn’t any major weather concerns in the Canadian Prairies where canola (rapeseed) plantings are on-going. Forecasts show that in the next week that mean temperatures remain stable, with light rains forecast over the next 7 days in the Canadian prairies. [B]Read the full AHDB Cereals and Oilseeds weekly market report here: [/B][URL='https://ahdb.org.uk/news/arable-market-report-23-may-2022'][B]https://ahdb.org.uk/news/arable-market-report-23-may-2022[/B][/URL] Subscribe to receive Market Report direct into your e-mail inbox here - [URL]https://ahdb.org.uk/keeping-in-touch[/URL] [/QUOTE]
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