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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8174461" data-attributes="member: 142623"><p>Monday 6 June 2022</p><p></p><p>[ATTACH=full]1041066[/ATTACH]</p><h3><u>UK grain markets</u></h3><p>UK feed wheat futures (Jul-22) closed at £288.00/t on Wednesday (1 June), down £26.75/t from last Friday. The new crop contract (Nov-22) closed on Wednesday at £297.50/t, also down £26.75/t over the same period.</p><p></p><p>Both contracts saw an equal drop in prices last week. This followed on from the news of a potential grain corridor out of Ukraine easing global supply concerns and re-positioning ahead of the long weekend. However, this morning the new contract (Nov-22) price traded back up to £308.00/t (12:30BST), after a Russian attack in Kyiv (Refinitiv). </p><p></p><p>Due to the Jubilee Bank Holiday, the next publication of the UK delivered cereals prices is scheduled for Friday 10 June.</p><p></p><p>Last week the latest cereals usage data for <a href="https://ahdb.org.uk/cereals-oilseeds/cereal-use-in-gb-animal-feed-production?" target="_blank">GB animal feed production</a> released. Total animal feed production season to date (Jul to Apr) is down 1.5% from last season. Read more information <a href="https://ahdb.org.uk/cereals-oilseeds/cereal-use-in-gb-animal-feed-production?" target="_blank">here</a>. </p><p>The latest <a href="https://ahdb.org.uk/cereals-oilseeds/uk-human-industrial-cereal-usage?" target="_blank">UK human and industrial cereal usage data</a> was also updated. Total wheat milled this season (Jul to Apr) is up 5.5% from this time last year. Brewers, maltsters, and distillers saw 10.6% more barley and 21.1% more wheat usage this season (Jul-Apr) than last. More information can be found <a href="https://ahdb.org.uk/cereals-oilseeds/uk-human-industrial-cereal-usage?" target="_blank">here</a>.</p><p></p><p>[ATTACH=full]1041067[/ATTACH]</p><h3><u>Rapeseed focus</u></h3><p>Paris rapeseed futures (Nov-22) closed at €770.75/t on Friday, down €50.75/t from the previous week.</p><p></p><p>Continental prices follow the global pattern, as demand weakens as a result of recent high prices and news that Ukrainian exports may resume. This is coupled with the EU crop currently in satisfactory condition and area projected to increase.</p><p></p><p>Last week saw sterling weaken against the euro, closing at £1 = €1.1707 on Friday, which may impact domestic prices. Due to the Jubilee holiday, no UK delivered prices were published last week and will resume this Friday (10 June).</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdb.org.uk/news/arable-market-report-06-june-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-06-june-2022</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: 8174461, member: 142623"] Monday 6 June 2022 [ATTACH type="full"]1041066[/ATTACH] [HEADING=2][U]UK grain markets[/U][/HEADING] UK feed wheat futures (Jul-22) closed at £288.00/t on Wednesday (1 June), down £26.75/t from last Friday. The new crop contract (Nov-22) closed on Wednesday at £297.50/t, also down £26.75/t over the same period. Both contracts saw an equal drop in prices last week. This followed on from the news of a potential grain corridor out of Ukraine easing global supply concerns and re-positioning ahead of the long weekend. However, this morning the new contract (Nov-22) price traded back up to £308.00/t (12:30BST), after a Russian attack in Kyiv (Refinitiv). Due to the Jubilee Bank Holiday, the next publication of the UK delivered cereals prices is scheduled for Friday 10 June. Last week the latest cereals usage data for [URL='https://ahdb.org.uk/cereals-oilseeds/cereal-use-in-gb-animal-feed-production?']GB animal feed production[/URL] released. Total animal feed production season to date (Jul to Apr) is down 1.5% from last season. Read more information [URL='https://ahdb.org.uk/cereals-oilseeds/cereal-use-in-gb-animal-feed-production?']here[/URL]. The latest [URL='https://ahdb.org.uk/cereals-oilseeds/uk-human-industrial-cereal-usage?']UK human and industrial cereal usage data[/URL] was also updated. Total wheat milled this season (Jul to Apr) is up 5.5% from this time last year. Brewers, maltsters, and distillers saw 10.6% more barley and 21.1% more wheat usage this season (Jul-Apr) than last. More information can be found [URL='https://ahdb.org.uk/cereals-oilseeds/uk-human-industrial-cereal-usage?']here[/URL]. [ATTACH type="full"]1041067[/ATTACH] [HEADING=2][U]Rapeseed focus[/U][/HEADING] Paris rapeseed futures (Nov-22) closed at €770.75/t on Friday, down €50.75/t from the previous week. Continental prices follow the global pattern, as demand weakens as a result of recent high prices and news that Ukrainian exports may resume. This is coupled with the EU crop currently in satisfactory condition and area projected to increase. Last week saw sterling weaken against the euro, closing at £1 = €1.1707 on Friday, which may impact domestic prices. Due to the Jubilee holiday, no UK delivered prices were published last week and will resume this Friday (10 June). Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-06-june-2022[/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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