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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8221632" data-attributes="member: 142623"><p>Monday 4 July 2022</p><p></p><p>[ATTACH=full]1047016[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>In the domestic market, UK feed wheat futures continued to edge lower last week following the global market as Northern Hemisphere new-crop harvests progress.</p><p></p><p>The Nov-22 contract closing at £266/t on Friday, down by £8.25/t on the Friday before. The May-23 contract closed at £272.40/t, down by £8.35/t during the same timeframe.</p><p></p><p>For delivered prices, the East Anglia (Hvst-22) price was quoted at £269.50/t, with no comparison on the week. The last price quoted for this location and month was published on 16 Jun at £306.50/t. Delivered harvest prices have shadowed the drop in the global market since this time.</p><p></p><p>Meanwhile bread wheat prices in the North West (Nov-22) were quoted at £342.50/t, with no comparison on the week. This is at a £66.95/t premium to the UK feed wheat futures based on Thursday’s close (£275.55/t). This price is down on the last published quote (16 Jun) for this location and month which was £377/t, with premiums over feed wheat futures slightly lower at £65.70/t.</p><p></p><p>[ATTACH=full]1047017[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p></p><p>Paris rapeseed futures (Nov-22) trended lower last week and closed at €673/t on Friday, down by €18.75/t on the previous week. The May-23 contract closed at €669.75/t, down by €15/t. Rapeseed prices were under pressure in-line with global soya and palm oil markets.</p><p></p><p>Domestic delivered rapeseed price changes were unable to be published last week due to insufficient quotes to calculate the published average. The last quoted was published on 24 Jun (into Erith, Aug-22) at £566/t.</p><p></p><p>Tomorrow Canadian principal field crop areas will be released by StatCan. Based on a Refinitiv poll, the trade expects canola plantings to be revised upward to 21.3M acres in this report, up from the 20.9M acres estimated in April.</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-04-july-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-04-july-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: 8221632, member: 142623"] Monday 4 July 2022 [ATTACH type="full"]1047016[/ATTACH] [B][U]UK grain markets[/U][/B] In the domestic market, UK feed wheat futures continued to edge lower last week following the global market as Northern Hemisphere new-crop harvests progress. The Nov-22 contract closing at £266/t on Friday, down by £8.25/t on the Friday before. The May-23 contract closed at £272.40/t, down by £8.35/t during the same timeframe. For delivered prices, the East Anglia (Hvst-22) price was quoted at £269.50/t, with no comparison on the week. The last price quoted for this location and month was published on 16 Jun at £306.50/t. Delivered harvest prices have shadowed the drop in the global market since this time. Meanwhile bread wheat prices in the North West (Nov-22) were quoted at £342.50/t, with no comparison on the week. This is at a £66.95/t premium to the UK feed wheat futures based on Thursday’s close (£275.55/t). This price is down on the last published quote (16 Jun) for this location and month which was £377/t, with premiums over feed wheat futures slightly lower at £65.70/t. [ATTACH type="full"]1047017[/ATTACH] [U][B][/B][/U] [B][U]Rapeseed focus[/U][/B] Paris rapeseed futures (Nov-22) trended lower last week and closed at €673/t on Friday, down by €18.75/t on the previous week. The May-23 contract closed at €669.75/t, down by €15/t. Rapeseed prices were under pressure in-line with global soya and palm oil markets. Domestic delivered rapeseed price changes were unable to be published last week due to insufficient quotes to calculate the published average. The last quoted was published on 24 Jun (into Erith, Aug-22) at £566/t. Tomorrow Canadian principal field crop areas will be released by StatCan. Based on a Refinitiv poll, the trade expects canola plantings to be revised upward to 21.3M acres in this report, up from the 20.9M acres estimated in April. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-04-july-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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