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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8311783" data-attributes="member: 142623"><p>Tuesday 30 August 2022</p><p></p><p>[ATTACH=full]1060104[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>Following trends in global grain markets, UK feed wheat futures (Nov-22) gained £5.25/t last week, closing at £262.50/t on Friday. The Nov-23 contract closed at £251.90/t, a rise of £10.90/t over the same period.</p><p></p><p>East Anglia delivered feed wheat prices (for October delivery) were quoted at £256.50/t on Thursday, up £7.50/t on the week. This price increase mirrors UK feed wheat futures movements (Thurs-Thurs).</p><p></p><p>Bread wheat delivered into London/Essex for October was quoted at £299.50/t, up £9.00/t Thursday to Thursday.</p><p></p><p><a href="https://ahdb.org.uk/cereals-oilseeds/cereal-stocks" target="_blank">Estimated cereal stocks</a> held by Merchants, Ports, and Co-ops were updated on Thursday. According to the latest data, 587.2Kt of home-grown wheat and 279.3Kt of home-grown barley was held at the end of June, up 17% and 16% on the year respectively. Imported wheat and maize stocks also saw a yearly rise of 19% and 11% respectively. To view the information in full, click <a href="https://ahdb.org.uk/cereals-oilseeds/cereal-stocks" target="_blank">here</a>. Defra also released the latest on-farm stocks to end of June, <a href="https://www.gov.uk/government/statistics/cereal-stocks" target="_blank">available here</a>.</p><p></p><p>Last week, CF industries announced that they were to ‘temporarily halt’ production of ammonia at their Billingham site. The closure will have a significant impact on the industry, with questions being asked over physical availability of fertiliser for spring 2023 application. As well as the obvious impact on fertiliser prices, the shortage of CO2 domestically will impact the slaughter of poultry and pigs, and in turn affect demand for cereals for animal feed. For more information, read Thursday’s Analyst insight piece <a href="https://ahdb.org.uk/news/analyst-insight-industry-at-risk-as-cf-close-billingham" target="_blank">here</a>.</p><p></p><p>The <a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">fifth GB harvest progress report</a> was released on Friday. In data up to 23 August, 95% of the total GB harvest was complete, exceeding the five-year average of 69% complete by this point in the season. The GB winter wheat harvest is estimated to be 98% complete, with the majority of crop left to be cut in Scotland. GB spring barley harvest was 81% complete, with 90% of the GB oat area also harvested. For the full GB harvest update, <a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">find the full report here</a>.</p><p></p><p>[ATTACH=full]1060105[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p></p><p>Paris rapeseed futures (Nov-22) closed at €621.00/t yesterday, up €19.50/t Fri – Mon. Though yesterday saw prices fall €8.25/t from Friday’s close. Yesterday’s movement tracked the Winnipeg canola (rapeseed) futures downwards following the release of updated Canadian government crop forecasts, as well as pressure on palm oil.</p><p></p><p>A bumper Canadian rapeseed harvest of 19.5Mt is expected this season by Statistics Canada, the largest in 3 years (Refinitiv). This eases some global supply worries and added some pressure to markets yesterday.</p><p></p><p>Yesterday, Ukrainian consultancy UkrAgroConsult placed Ukraine’s rapeseed harvest at 99% complete, in data up to 25 August. Yields are pegged higher than last year, at 2.84t/ha.</p><p></p><p>GB’s rapeseed harvest was completed in week 6 (w/e 16 August) as mentioned in <a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">Friday’s harvest report</a>. Though reportedly with recent rain showers in some areas, some farmers have taken the opportunity to drill WOSR when the combine was parked up.</p><p></p><p>Delivered oilseed rape prices for November delivery were quoted at £529.50/t for Erith on Friday, up £19.50/t on the previous Friday.</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-30-august-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-30-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: 8311783, member: 142623"] Tuesday 30 August 2022 [ATTACH type="full" alt="1661866080674.png"]1060104[/ATTACH] [B][U]UK grain markets[/U][/B] Following trends in global grain markets, UK feed wheat futures (Nov-22) gained £5.25/t last week, closing at £262.50/t on Friday. The Nov-23 contract closed at £251.90/t, a rise of £10.90/t over the same period. East Anglia delivered feed wheat prices (for October delivery) were quoted at £256.50/t on Thursday, up £7.50/t on the week. This price increase mirrors UK feed wheat futures movements (Thurs-Thurs). Bread wheat delivered into London/Essex for October was quoted at £299.50/t, up £9.00/t Thursday to Thursday. [URL='https://ahdb.org.uk/cereals-oilseeds/cereal-stocks']Estimated cereal stocks[/URL] held by Merchants, Ports, and Co-ops were updated on Thursday. According to the latest data, 587.2Kt of home-grown wheat and 279.3Kt of home-grown barley was held at the end of June, up 17% and 16% on the year respectively. Imported wheat and maize stocks also saw a yearly rise of 19% and 11% respectively. To view the information in full, click [URL='https://ahdb.org.uk/cereals-oilseeds/cereal-stocks']here[/URL]. Defra also released the latest on-farm stocks to end of June, [URL='https://www.gov.uk/government/statistics/cereal-stocks']available here[/URL]. Last week, CF industries announced that they were to ‘temporarily halt’ production of ammonia at their Billingham site. The closure will have a significant impact on the industry, with questions being asked over physical availability of fertiliser for spring 2023 application. As well as the obvious impact on fertiliser prices, the shortage of CO2 domestically will impact the slaughter of poultry and pigs, and in turn affect demand for cereals for animal feed. For more information, read Thursday’s Analyst insight piece [URL='https://ahdb.org.uk/news/analyst-insight-industry-at-risk-as-cf-close-billingham']here[/URL]. The [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']fifth GB harvest progress report[/URL] was released on Friday. In data up to 23 August, 95% of the total GB harvest was complete, exceeding the five-year average of 69% complete by this point in the season. The GB winter wheat harvest is estimated to be 98% complete, with the majority of crop left to be cut in Scotland. GB spring barley harvest was 81% complete, with 90% of the GB oat area also harvested. For the full GB harvest update, [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']find the full report here[/URL]. [ATTACH type="full" alt="1661866179431.png"]1060105[/ATTACH] [B][U]Rapeseed focus[/U][/B] Paris rapeseed futures (Nov-22) closed at €621.00/t yesterday, up €19.50/t Fri – Mon. Though yesterday saw prices fall €8.25/t from Friday’s close. Yesterday’s movement tracked the Winnipeg canola (rapeseed) futures downwards following the release of updated Canadian government crop forecasts, as well as pressure on palm oil. A bumper Canadian rapeseed harvest of 19.5Mt is expected this season by Statistics Canada, the largest in 3 years (Refinitiv). This eases some global supply worries and added some pressure to markets yesterday. Yesterday, Ukrainian consultancy UkrAgroConsult placed Ukraine’s rapeseed harvest at 99% complete, in data up to 25 August. Yields are pegged higher than last year, at 2.84t/ha. GB’s rapeseed harvest was completed in week 6 (w/e 16 August) as mentioned in [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']Friday’s harvest report[/URL]. Though reportedly with recent rain showers in some areas, some farmers have taken the opportunity to drill WOSR when the combine was parked up. Delivered oilseed rape prices for November delivery were quoted at £529.50/t for Erith on Friday, up £19.50/t on the previous Friday. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-30-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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