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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8233602" data-attributes="member: 142623"><p>Monday 11 July</p><p></p><p>[ATTACH=full]1048607[/ATTACH]</p><p></p><p><u><strong>UK grain markets</strong></u></p><p>Although volatility from the global market fed into the domestic market, strong demand combined with easing recessional fears increased prices week-on-week. </p><p></p><p>UK feed wheat futures (Nov-22) closed at £285/t, gaining £19/t Friday to Friday. The May-23 contract closed at £290.75/t gaining £18.35/t over the same period. Nov-23 prices captured some gains too, closing at £247.75/t, up £14.35/t Friday to Friday.</p><p></p><p>Prices reported in the <a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">AHDB delivered survey</a> were sparse. However, delivered feed wheat (into East Anglia, Hvst-22) was quoted at £263/t, down £6.50/t Thursday to Thursday and shadowing UK feed wheat futures (Nov-22), which was down £7.80/t over this period.</p><p></p><p>In other domestic news, AHDB has released the latest <a href="https://ahdb.org.uk/planting-variety-survey" target="_blank">Planting & Variety Survey</a> with the UK wheat area for harvest 2022 estimated at 1,807Kha, 1% up from 2021. Total UK barley area is estimated at 1,103Kha, down 4% on the year. Based purely on five-year averages, this puts both these crops potentially at circa 14.4Mt and 6.8Mt, respectively. Further insight can be found in Meg’s Grain Market Daily: <a href="https://ahdb.org.uk/news/what-can-we-expect-from-harvest-22-grain-market-daily" target="_blank">What can we expect from harvest 22?</a></p><p></p><p>[ATTACH=full]1048608[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p>Paris rapeseed futures (Nov-22) closed Friday at €695.50/t, gaining €22.50/t across the week. Delivered rapeseed (into Erith, Feb-23) was quoted Friday at £602.50/t , with no comparison week-on-week.</p><p></p><p>Despite the soyabean market tracking sideways and the palm and soya oil market pressured, rapeseed futures climbed week-on-week. Adding support to rapeseed was data from Statistics Canada which pegged canola plantings for harvest 2022 at 8.7Mha, down 430Kha year-on-year. Also, ICE Canola futures rose as crushers covered short positions and there was spill-over strength from soya oil towards the end of last week, adding further support.</p><p></p><p>Domestically, the <a href="https://ahdb.org.uk/planting-variety-survey" target="_blank">Planting & Variety Survey</a> pegged 2022 harvest rapeseed area at 336Kha, 9% higher than 2021 levels. Based purely on five-year averages, this pegs production potentially at circa 1.1Mt.</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-11-july-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-11-july-2022</a></p><p>Subscribe to receive Market Report direct 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: 8233602, member: 142623"] Monday 11 July [ATTACH type="full" width="1099px"]1048607[/ATTACH] [U][B]UK grain markets[/B][/U] Although volatility from the global market fed into the domestic market, strong demand combined with easing recessional fears increased prices week-on-week. UK feed wheat futures (Nov-22) closed at £285/t, gaining £19/t Friday to Friday. The May-23 contract closed at £290.75/t gaining £18.35/t over the same period. Nov-23 prices captured some gains too, closing at £247.75/t, up £14.35/t Friday to Friday. Prices reported in the [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']AHDB delivered survey[/URL] were sparse. However, delivered feed wheat (into East Anglia, Hvst-22) was quoted at £263/t, down £6.50/t Thursday to Thursday and shadowing UK feed wheat futures (Nov-22), which was down £7.80/t over this period. In other domestic news, AHDB has released the latest [URL='https://ahdb.org.uk/planting-variety-survey']Planting & Variety Survey[/URL] with the UK wheat area for harvest 2022 estimated at 1,807Kha, 1% up from 2021. Total UK barley area is estimated at 1,103Kha, down 4% on the year. Based purely on five-year averages, this puts both these crops potentially at circa 14.4Mt and 6.8Mt, respectively. Further insight can be found in Meg’s Grain Market Daily: [URL='https://ahdb.org.uk/news/what-can-we-expect-from-harvest-22-grain-market-daily']What can we expect from harvest 22?[/URL] [ATTACH type="full" width="693px" alt="image"]1048608[/ATTACH] [B][U]Rapeseed focus[/U][/B] Paris rapeseed futures (Nov-22) closed Friday at €695.50/t, gaining €22.50/t across the week. Delivered rapeseed (into Erith, Feb-23) was quoted Friday at £602.50/t , with no comparison week-on-week. Despite the soyabean market tracking sideways and the palm and soya oil market pressured, rapeseed futures climbed week-on-week. Adding support to rapeseed was data from Statistics Canada which pegged canola plantings for harvest 2022 at 8.7Mha, down 430Kha year-on-year. Also, ICE Canola futures rose as crushers covered short positions and there was spill-over strength from soya oil towards the end of last week, adding further support. Domestically, the [URL='https://ahdb.org.uk/planting-variety-survey']Planting & Variety Survey[/URL] pegged 2022 harvest rapeseed area at 336Kha, 9% higher than 2021 levels. Based purely on five-year averages, this pegs production potentially at circa 1.1Mt. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-11-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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