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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8277565" data-attributes="member: 142623"><p>Monday 08 August 2022</p><p></p><p>[ATTACH=full]1055051[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>UK feed wheat futures (Nov-22) closed at £267.00/t on Friday, down £3.05/t from the previous Friday. The May-23 contract was down £2.05/t at £272.75/t Friday-Friday. Whilst the Nov-23 contract closed at £241.70/t, down £3.05/t over the same period. The departure of Ukrainian grain shipments through the Black Sea has been the key driver of these small downward movements.</p><p></p><p>Domestic feed wheat delivered prices into East Anglia were quoted on Thursday at £261.00/t (for Sept delivery), down £4.00/t on the previous Thursday. For November delivery to same location, feed wheat was quoted at £263.00/t, down £6.00/t on the week.</p><p></p><p>Delivered bread wheat prices into the North West was quoted at £325.00/t on Thursday (harvest delivery). Bread wheat delivered into Northamptonshire (September delivery) was quoted at £306.50/t, down £4.00/t week on week.</p><p></p><p><a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">On Friday, the latest harvest report</a> was released. In data up to 02 August, 99% of winter barley has now been harvested. Winter wheat harvest is estimated at 30% completion and is accelerating. To read the full report, <a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">follow this link</a>.</p><p></p><p><a href="https://ahdb.org.uk/news/analyst-insight-gb-animal-feed-production-hit-5-year-low-in-2021-22" target="_blank">Full season GB animal feed production</a> for 2021/22 was at the lowest level since 2016/17, totalling 13,991Kt. A fall in poultry and ruminant feed demand outweighed an increase in pig feed demand.</p><p></p><p><a href="https://ahdb.org.uk/cereals-oilseeds/uk-human-industrial-cereal-usage" target="_blank">UK human and industrial 2021/22</a> full season usage is also available. Total wheat milled saw a rise of 5.5% from 2020/21. Oats milled saw a 5.3% decline from the previous year. Whereas, for brewers, maltsters and distillers, barley (+9.3%) and wheat (+22.8%) usage were both up on the year.</p><p></p><p>The Bank of England increased the base interest rate by 0.5 percentage points (the 6th consecutive rise) to 1.75%. as inflation is expected to hit 13% in October. Globally there are recessional fears that could potentially impact the global demand for cereals and oilseeds.</p><p></p><p>[ATTACH=full]1055052[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p></p><p>Driving rapeseed prices last week was a drop in brent crude oil (nearby) and fair weather for US soyabeans, as mentioned above.</p><p></p><p>On Friday, Paris rapeseed futures (Nov-22) closed at €653.25/t, down €36.50/t on the week. Domestically, rapeseed delivered into Erith was quoted on Friday at £537.50/t, with no comparison on the week.</p><p></p><p>The Ukraine rapeseed harvest forecast, and yield estimate, remains unchanged from last month. Harvest is forecasted at 3.14Mt according to UkrAgroConsult.</p><p></p><p><a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">Our domestic GB winter oilseed rape harvest is 84% complete</a>, in data up to 02 August. Many areas have reached completion, though Scotland and North East have areas to finish.</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-08-august-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-08-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: 8277565, member: 142623"] Monday 08 August 2022 [ATTACH type="full" alt="1659970037328.png"]1055051[/ATTACH] [B][U]UK grain markets[/U][/B] UK feed wheat futures (Nov-22) closed at £267.00/t on Friday, down £3.05/t from the previous Friday. The May-23 contract was down £2.05/t at £272.75/t Friday-Friday. Whilst the Nov-23 contract closed at £241.70/t, down £3.05/t over the same period. The departure of Ukrainian grain shipments through the Black Sea has been the key driver of these small downward movements. Domestic feed wheat delivered prices into East Anglia were quoted on Thursday at £261.00/t (for Sept delivery), down £4.00/t on the previous Thursday. For November delivery to same location, feed wheat was quoted at £263.00/t, down £6.00/t on the week. Delivered bread wheat prices into the North West was quoted at £325.00/t on Thursday (harvest delivery). Bread wheat delivered into Northamptonshire (September delivery) was quoted at £306.50/t, down £4.00/t week on week. [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']On Friday, the latest harvest report[/URL] was released. In data up to 02 August, 99% of winter barley has now been harvested. Winter wheat harvest is estimated at 30% completion and is accelerating. To read the full report, [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']follow this link[/URL]. [URL='https://ahdb.org.uk/news/analyst-insight-gb-animal-feed-production-hit-5-year-low-in-2021-22']Full season GB animal feed production[/URL] for 2021/22 was at the lowest level since 2016/17, totalling 13,991Kt. A fall in poultry and ruminant feed demand outweighed an increase in pig feed demand. [URL='https://ahdb.org.uk/cereals-oilseeds/uk-human-industrial-cereal-usage']UK human and industrial 2021/22[/URL] full season usage is also available. Total wheat milled saw a rise of 5.5% from 2020/21. Oats milled saw a 5.3% decline from the previous year. Whereas, for brewers, maltsters and distillers, barley (+9.3%) and wheat (+22.8%) usage were both up on the year. The Bank of England increased the base interest rate by 0.5 percentage points (the 6th consecutive rise) to 1.75%. as inflation is expected to hit 13% in October. Globally there are recessional fears that could potentially impact the global demand for cereals and oilseeds. [ATTACH type="full" width="685px" alt="1659970117776.png"]1055052[/ATTACH] [B][U]Rapeseed focus[/U][/B] Driving rapeseed prices last week was a drop in brent crude oil (nearby) and fair weather for US soyabeans, as mentioned above. On Friday, Paris rapeseed futures (Nov-22) closed at €653.25/t, down €36.50/t on the week. Domestically, rapeseed delivered into Erith was quoted on Friday at £537.50/t, with no comparison on the week. The Ukraine rapeseed harvest forecast, and yield estimate, remains unchanged from last month. Harvest is forecasted at 3.14Mt according to UkrAgroConsult. [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']Our domestic GB winter oilseed rape harvest is 84% complete[/URL], in data up to 02 August. Many areas have reached completion, though Scotland and North East have areas to finish. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-08-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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