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AHDB weekly market report
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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8345258" data-attributes="member: 142623"><p>Tuesday 20 September 2022</p><p>[ATTACH=full]1064647[/ATTACH]</p><p></p><p>[ATTACH=full]1064644[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>Due to the bank holiday for Queen Elizabeth II funeral, UK feed wheat futures did not trade yesterday. The Nov-22 contract was down £0.75/t across last week, closing at £274.50/t on Friday. The Nov-23 contract closed at £263.20/t, losing £1.70/t Friday-Friday.</p><p></p><p>East Anglia delivered feed wheat prices for September delivery were quoted at £269.50/t on Thursday, up £5.00/t on the week. This price increase mirrors UK feed wheat futures movements (Thursday-Thursday).</p><p></p><p>Bread wheat delivered into the North West for October was quoted at £334.50/t, up £4.50/t Thursday to Thursday.</p><p></p><p>According to HMRC’s most recent trade data (12 Sep), in July the UK exported 51.5Kt of wheat and 100.3Kt barley to the EU. Compared to the same point last year, this is up 35.2Kt and 86.6Kt respectively.</p><p></p><p>Our sixth and <a href="https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress" target="_blank">final harvest report</a> came out on Friday. Harvest is all but complete, with some crops still to harvest in Scotland. Following the extended period of dry weather, recent rainfall across most of GB has had little impact on progress or quality. Although this has been variable. To note, there are increasing reports of Ergot in East Midlands in winter and spring wheat samples, and small amounts in winter and spring barley samples. However, overall, there have been limited amounts found in central stores.</p><p></p><p>[ATTACH=full]1064646[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p></p><p>Quite the opposite happened in rapeseed markets with Paris rapeseed futures (Nov-22) closing Friday at €577.25/t, down €20.50/t across the week. Domestic prices shadowed this loss with delivered rapeseed (into Erith, Nov-22) being quoted at £503.00/t, down £22.00/t week-on-week.</p><p></p><p>With the market open yesterday, prices were further pressured with Paris rapeseed futures (Nov-22) closing at €571.50/t down €5.75/t on Friday’s close.</p><p></p><p>Limited rain across the Canadian Prairies over the last 7-days has allowed harvest to progress which pressured the market.</p><p></p><p>Latest statistics (released 14 Sep) from Statistics Canada estimate the 2022 canola (rapeseed) crop at 19.1Mt. This is up 38.8% from 2021. This prediction is based on satellite and agroclimatic data with consistent rains and warm temperatures this year, allowing the annual increases in crop production.</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-20-september-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-20-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: 8345258, member: 142623"] Tuesday 20 September 2022 [ATTACH type="full"]1064647[/ATTACH] [ATTACH type="full"]1064644[/ATTACH] [B][U]UK grain markets[/U][/B] Due to the bank holiday for Queen Elizabeth II funeral, UK feed wheat futures did not trade yesterday. The Nov-22 contract was down £0.75/t across last week, closing at £274.50/t on Friday. The Nov-23 contract closed at £263.20/t, losing £1.70/t Friday-Friday. East Anglia delivered feed wheat prices for September delivery were quoted at £269.50/t on Thursday, up £5.00/t on the week. This price increase mirrors UK feed wheat futures movements (Thursday-Thursday). Bread wheat delivered into the North West for October was quoted at £334.50/t, up £4.50/t Thursday to Thursday. According to HMRC’s most recent trade data (12 Sep), in July the UK exported 51.5Kt of wheat and 100.3Kt barley to the EU. Compared to the same point last year, this is up 35.2Kt and 86.6Kt respectively. Our sixth and [URL='https://ahdb.org.uk/cereals-oilseeds/gb-harvest-progress']final harvest report[/URL] came out on Friday. Harvest is all but complete, with some crops still to harvest in Scotland. Following the extended period of dry weather, recent rainfall across most of GB has had little impact on progress or quality. Although this has been variable. To note, there are increasing reports of Ergot in East Midlands in winter and spring wheat samples, and small amounts in winter and spring barley samples. However, overall, there have been limited amounts found in central stores. [ATTACH type="full"]1064646[/ATTACH] [B][U]Rapeseed focus[/U][/B] Quite the opposite happened in rapeseed markets with Paris rapeseed futures (Nov-22) closing Friday at €577.25/t, down €20.50/t across the week. Domestic prices shadowed this loss with delivered rapeseed (into Erith, Nov-22) being quoted at £503.00/t, down £22.00/t week-on-week. With the market open yesterday, prices were further pressured with Paris rapeseed futures (Nov-22) closing at €571.50/t down €5.75/t on Friday’s close. Limited rain across the Canadian Prairies over the last 7-days has allowed harvest to progress which pressured the market. Latest statistics (released 14 Sep) from Statistics Canada estimate the 2022 canola (rapeseed) crop at 19.1Mt. This is up 38.8% from 2021. This prediction is based on satellite and agroclimatic data with consistent rains and warm temperatures this year, allowing the annual increases in crop production. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-20-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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