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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8355738" data-attributes="member: 142623"><p>Monday 26 September 2022</p><p></p><p>[ATTACH=full]1065943[/ATTACH]</p><p>[ATTACH=full]1065944[/ATTACH]</p><p></p><p><strong><u>UK grain markets</u></strong></p><p></p><p>UK feed wheat (Nov-22) futures gained £9.70/t last week, to close on Friday at £284.20/t. The new-crop contract Nov-23 closed up £5.95/t over the same period, to close on Friday at £269.00/t. UK futures followed global markets, with rising prices from Black Sea concerns capped by recession concerns and an accelerating maize harvest.</p><p></p><p>UK delivered prices followed futures contract movement Thursday to Thursday. On Thursday, feed wheat delivered into East Anglia (September delivery) was up £9.50/t to be quoted at £279.00/t.</p><p></p><p>Bread wheat delivered into the North West (September delivery) was quoted on Thursday at £345.50/t.</p><p></p><p>Following on from UK government economic announcements last week, the pound sterling dropped to a record low this morning. On Friday, the pound sterling closed at £1 = $1.0856 (Refinitiv). This morning, early Asian trading saw the pound fall to even lower levels (£1=$1.0327), but the opening of the European markets saw the pound recover slightly on bargain buying. Today at 13:00, the pound was trading at £1 = $1.0879.</p><p></p><p>In order for Defra and the Fertiliser Industry Taskforce to better understand the fertiliser use of farmers in 2022, and what is likely to be used and imported for the 2023 harvest, AHDB have created a short informal survey to gather information. If you are willing to take part, <a href="https://forms.office.com/Pages/ResponsePage.aspx?id=S-UsoT09RkOV7_8Tyl3UfZWAGQi9iWdGpfF-JxJWVIJUQklBWjJHOFBHOFRFTUs4UkY2SlhCUEVWOC4u" target="_blank">please follow this link</a>.</p><p></p><p>[ATTACH=full]1065945[/ATTACH]</p><p></p><p><strong><u>Rapeseed focus</u></strong></p><p></p><p>Rapeseed markets headed in the opposite direction to soyabeans last week. The Nov-22 Paris rapeseed contract gained €29.50/t over the week, closing at €606.75/t on Friday.</p><p></p><p>Domestic prices followed global futures markets last week. Delivered rapeseed into Erith (Nov-22) was quoted at £522.00/t on Friday, up £19.00/t over the week. </p><p></p><p>Recent unfavourable rains across Canada have seen their 2022/23 rapeseed production figure trimmed to 20.1Mt in a Refinitv analysis. However, this estimate still sits above USDA (20.0Mt) and StatCan (19.1Mt) estimates. The weather outlook across the Prairies in the coming week also looks mostly drier and more favourable for harvest progress.</p><p></p><p>The unwelcomed rains, combined with continuing concerns over future exports from the Black Sea region, likely added support to rapeseed markets last week.</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-26-september-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-26-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: 8355738, member: 142623"] Monday 26 September 2022 [ATTACH type="full"]1065943[/ATTACH] [ATTACH type="full"]1065944[/ATTACH] [U][B][/B][/U] [B][U]UK grain markets[/U][/B] UK feed wheat (Nov-22) futures gained £9.70/t last week, to close on Friday at £284.20/t. The new-crop contract Nov-23 closed up £5.95/t over the same period, to close on Friday at £269.00/t. UK futures followed global markets, with rising prices from Black Sea concerns capped by recession concerns and an accelerating maize harvest. UK delivered prices followed futures contract movement Thursday to Thursday. On Thursday, feed wheat delivered into East Anglia (September delivery) was up £9.50/t to be quoted at £279.00/t. Bread wheat delivered into the North West (September delivery) was quoted on Thursday at £345.50/t. Following on from UK government economic announcements last week, the pound sterling dropped to a record low this morning. On Friday, the pound sterling closed at £1 = $1.0856 (Refinitiv). This morning, early Asian trading saw the pound fall to even lower levels (£1=$1.0327), but the opening of the European markets saw the pound recover slightly on bargain buying. Today at 13:00, the pound was trading at £1 = $1.0879. In order for Defra and the Fertiliser Industry Taskforce to better understand the fertiliser use of farmers in 2022, and what is likely to be used and imported for the 2023 harvest, AHDB have created a short informal survey to gather information. If you are willing to take part, [URL='https://forms.office.com/Pages/ResponsePage.aspx?id=S-UsoT09RkOV7_8Tyl3UfZWAGQi9iWdGpfF-JxJWVIJUQklBWjJHOFBHOFRFTUs4UkY2SlhCUEVWOC4u']please follow this link[/URL]. [ATTACH type="full"]1065945[/ATTACH] [B][U]Rapeseed focus[/U][/B] Rapeseed markets headed in the opposite direction to soyabeans last week. The Nov-22 Paris rapeseed contract gained €29.50/t over the week, closing at €606.75/t on Friday. Domestic prices followed global futures markets last week. Delivered rapeseed into Erith (Nov-22) was quoted at £522.00/t on Friday, up £19.00/t over the week. Recent unfavourable rains across Canada have seen their 2022/23 rapeseed production figure trimmed to 20.1Mt in a Refinitv analysis. However, this estimate still sits above USDA (20.0Mt) and StatCan (19.1Mt) estimates. The weather outlook across the Prairies in the coming week also looks mostly drier and more favourable for harvest progress. The unwelcomed rains, combined with continuing concerns over future exports from the Black Sea region, likely added support to rapeseed markets last week. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-26-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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