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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8266837" data-attributes="member: 142623"><p>Monday 01 August 2022</p><p></p><p>[ATTACH=full]1053509[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>Domestic market movements continue to follow global contracts upwards. UK feed wheat futures (Nov-22) closed on Friday at £270.05/t, up £14.80/t Friday to Friday. Nov-23 futures gained £15.60/t over the same period, to close at £244.75/t. Nov-24 futures gained £15.35/t to close at £242.15/t on Friday.</p><p></p><p><a href="https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices" target="_blank">UK delivered prices</a> are seeing some harvest pressure as combines roll for wheat crops. On Thursday, feed wheat delivered into East Anglia (for September delivery) was quoted at £265.00/t, down £1.50/t week on week.</p><p></p><p>Bread wheat delivered into the North West (for September delivery) was quoted at £329.50/t on Thursday. For the same delivery month, bread wheat into Northamptonshire is quoted at £310.50/t, down £2.00/t on the week.</p><p></p><p>Drought remains a watchpoint across the UK, <a href="https://ahdb.org.uk/news/mid-week-market-update-grain-market-daily" target="_blank">with the National Drought Group convening last week</a>.</p><p></p><p>[ATTACH=full]1053510[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p>Paris rapeseed futures tracked soyabean futures higher. The Nov-22 contract closed on Friday at €689.75/t, up €52.25/t Friday-Friday. This was the contracts highest close since 11 July.</p><p></p><p>The firming also reflected continued uncertainty about resuming Ukrainian exports, despite the UN’s signed agreement between Russia, Turkey, and Ukraine for shipments to restart.</p><p></p><p>European consultancy Strategie Grains has increased its forecast EU rapeseed output to 18.47Mt, up from 18.33Mt previously estimated. This would raise output by 8.8% on last year’s levels on a larger acreage and some better-than-expected yields. </p><p></p><p>Last Friday we were unable to publish delivered oilseed prices due to insufficient quotes to calculate the published average.</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-01-august-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-01-august-2022</a></p><p></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: 8266837, member: 142623"] Monday 01 August 2022 [ATTACH type="full"]1053509[/ATTACH] [B][U]UK grain markets[/U][/B] Domestic market movements continue to follow global contracts upwards. UK feed wheat futures (Nov-22) closed on Friday at £270.05/t, up £14.80/t Friday to Friday. Nov-23 futures gained £15.60/t over the same period, to close at £244.75/t. Nov-24 futures gained £15.35/t to close at £242.15/t on Friday. [URL='https://ahdb.org.uk/cereals-oilseeds/uk-delivered-prices']UK delivered prices[/URL] are seeing some harvest pressure as combines roll for wheat crops. On Thursday, feed wheat delivered into East Anglia (for September delivery) was quoted at £265.00/t, down £1.50/t week on week. Bread wheat delivered into the North West (for September delivery) was quoted at £329.50/t on Thursday. For the same delivery month, bread wheat into Northamptonshire is quoted at £310.50/t, down £2.00/t on the week. Drought remains a watchpoint across the UK, [URL='https://ahdb.org.uk/news/mid-week-market-update-grain-market-daily']with the National Drought Group convening last week[/URL]. [ATTACH type="full"]1053510[/ATTACH] [B][U]Rapeseed focus[/U][/B] Paris rapeseed futures tracked soyabean futures higher. The Nov-22 contract closed on Friday at €689.75/t, up €52.25/t Friday-Friday. This was the contracts highest close since 11 July. The firming also reflected continued uncertainty about resuming Ukrainian exports, despite the UN’s signed agreement between Russia, Turkey, and Ukraine for shipments to restart. European consultancy Strategie Grains has increased its forecast EU rapeseed output to 18.47Mt, up from 18.33Mt previously estimated. This would raise output by 8.8% on last year’s levels on a larger acreage and some better-than-expected yields. Last Friday we were unable to publish delivered oilseed prices due to insufficient quotes to calculate the published average. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-01-august-2022[/URL] Subscribe to receive Market Report direct into your e-mail inbox here -[URL='https://ahdb.org.uk/keeping-in-touch'] https://ahdb.org.uk/keeping-in-touch[/URL] [/QUOTE]
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