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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8333609" data-attributes="member: 142623"><p>Monday 12 September 2022</p><p></p><p>[ATTACH=full]1062971[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>Across the week, UK feed wheat futures (Nov-22) rose £8.75/t, closing at £275.25 after a rally on Friday. The Nov-23 contract closed at £264.75/t, gaining £7.75/t Friday-Friday.</p><p></p><p>East Anglia delivered feed wheat prices for September delivery were quoted at £264.50/t on Thursday, up £1.50/t on the week. This price increase mirrors UK feed wheat futures movements (Thursday-Thursday).</p><p></p><p>Bread wheat delivered into London/Essex for October was quoted at £309.50/t, up £0.50/t Thursday-Thursday.</p><p></p><p>Sterling remains weak against the dollar at £1=$1.1587. This follows surging inflation and a looming recession. UK exports remain cheap and imports expensive as a result, an issue for UK margins due to our reliance on imported nitrogen products. <a href="https://ahdb.org.uk/news/what-does-a-weakening-pound-mean-for-trade-grain-market-daily" target="_blank">Read more about this in Wednesday’s grain market daily article.</a></p><p></p><p>The sixth and final harvest report will be released this coming Friday (16 Sep) and published on our <a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">Harvest progress in Great Britain</a> page.</p><p></p><p>[ATTACH=full]1062972[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p></p><p>Global rapeseed markets have been pressured by the losses in palm oil and soyabean prices, combined with concerns over slowing demand. Parts of the EU have also experienced some welcomed rain towards the end of last week, boosting the emergence of recently planted rapeseed and further pressuring prices. </p><p></p><p>The Australian government’s ABARES report released on Tuesday, also indicated that canola production in the country is forecast to reach the second highest level on record at 6.6Mt. This would be a 2% decrease from the record reached last year.</p><p></p><p>Paris rapeseed futures (Nov-22) were down €15.00/t over the week, closing at €597.75/t. The Nov-23 contract closed at €608.75/t on Friday, down €14.25/t over the same period.</p><p></p><p>Delivered rapeseed (into Erith, Nov-22) was quoted at £525.00/t on Thursday, down £5.50/t from the previous week. The weakening pound against the euro over the week (-0.4%) continues to limit the pressure put on domestic prices. Trading closed Friday £1 = €1.1538.</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-12-september-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-12-september-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: 8333609, member: 142623"] Monday 12 September 2022 [ATTACH type="full"]1062971[/ATTACH] [B][U]UK grain markets[/U][/B] Across the week, UK feed wheat futures (Nov-22) rose £8.75/t, closing at £275.25 after a rally on Friday. The Nov-23 contract closed at £264.75/t, gaining £7.75/t Friday-Friday. East Anglia delivered feed wheat prices for September delivery were quoted at £264.50/t on Thursday, up £1.50/t on the week. This price increase mirrors UK feed wheat futures movements (Thursday-Thursday). Bread wheat delivered into London/Essex for October was quoted at £309.50/t, up £0.50/t Thursday-Thursday. Sterling remains weak against the dollar at £1=$1.1587. This follows surging inflation and a looming recession. UK exports remain cheap and imports expensive as a result, an issue for UK margins due to our reliance on imported nitrogen products. [URL='https://ahdb.org.uk/news/what-does-a-weakening-pound-mean-for-trade-grain-market-daily']Read more about this in Wednesday’s grain market daily article.[/URL] The sixth and final harvest report will be released this coming Friday (16 Sep) and published on our [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']Harvest progress in Great Britain[/URL] page. [ATTACH type="full"]1062972[/ATTACH] [B][U]Rapeseed focus[/U][/B] Global rapeseed markets have been pressured by the losses in palm oil and soyabean prices, combined with concerns over slowing demand. Parts of the EU have also experienced some welcomed rain towards the end of last week, boosting the emergence of recently planted rapeseed and further pressuring prices. The Australian government’s ABARES report released on Tuesday, also indicated that canola production in the country is forecast to reach the second highest level on record at 6.6Mt. This would be a 2% decrease from the record reached last year. Paris rapeseed futures (Nov-22) were down €15.00/t over the week, closing at €597.75/t. The Nov-23 contract closed at €608.75/t on Friday, down €14.25/t over the same period. Delivered rapeseed (into Erith, Nov-22) was quoted at £525.00/t on Thursday, down £5.50/t from the previous week. The weakening pound against the euro over the week (-0.4%) continues to limit the pressure put on domestic prices. Trading closed Friday £1 = €1.1538. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-12-september-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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