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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8486599" data-attributes="member: 142623"><p>Monday 12 December 2022</p><p>[ATTACH=full]1081888[/ATTACH]</p><p></p><h3>UK focus</h3><p>UK feed wheat futures tracked global prices down last week. The May-23 contract fell 1.5% over the week (Friday-Friday). New crop futures (Nov-23) were down 2.6% over the same period.</p><p></p><p>Domestic delivered prices followed futures price movement down. Feed wheat into East Anglia for December delivery was quoted at £239.50/t on Thursday, down £4.50/t on the week. Bread wheat for December delivery into the North West, was quoted at £319.50/t.</p><p></p><p>Last week, the UK agreed to double imports of US gas over the next year as an attempt to stabilise climbing energy prices. However, natural gas prices are currently climbing as colder weather sees increased demand. Front month ICE UK natural gas futures closed at 345.91p/therm on Friday, up 2.9% from the week before.</p><p></p><p>[ATTACH=full]1081889[/ATTACH]</p><p></p><h3>Rapeseed focus</h3><p>Despite strength in soyabeans this did not filter into rapeseed prices. Paris rapeseed futures (May-23) closed Friday at €571.25/t, down €0.75/t across the week.</p><p></p><p>Delivered rapeseed (into Erith, Dec-23) was quoted at £489.50/t, down £7.00/t across the week. Greater losses were recorded on our domestic market as sterling was stronger against the euro on Friday, but, slightly weaker (-0.25%) across the week closing Friday at £1 = €1.1628.</p><p></p><p>Brent crude oil futures (nearby) closed Friday at $76.10/barrel, down 11.1% across the week. The large drops in brent crude oil have been weighing on rapeseed prices and vegetable oils in recent weeks.</p><p></p><p><strong>Read the full AHDB Cereals and Oilseeds weekly market report here: </strong><a href="https://ahdb.org.uk/news/arable-market-report-12-december-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-12-december-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: 8486599, member: 142623"] Monday 12 December 2022 [ATTACH type="full"]1081888[/ATTACH] [HEADING=2]UK focus[/HEADING] UK feed wheat futures tracked global prices down last week. The May-23 contract fell 1.5% over the week (Friday-Friday). New crop futures (Nov-23) were down 2.6% over the same period. Domestic delivered prices followed futures price movement down. Feed wheat into East Anglia for December delivery was quoted at £239.50/t on Thursday, down £4.50/t on the week. Bread wheat for December delivery into the North West, was quoted at £319.50/t. Last week, the UK agreed to double imports of US gas over the next year as an attempt to stabilise climbing energy prices. However, natural gas prices are currently climbing as colder weather sees increased demand. Front month ICE UK natural gas futures closed at 345.91p/therm on Friday, up 2.9% from the week before. [ATTACH type="full"]1081889[/ATTACH] [HEADING=2]Rapeseed focus[/HEADING] Despite strength in soyabeans this did not filter into rapeseed prices. Paris rapeseed futures (May-23) closed Friday at €571.25/t, down €0.75/t across the week. Delivered rapeseed (into Erith, Dec-23) was quoted at £489.50/t, down £7.00/t across the week. Greater losses were recorded on our domestic market as sterling was stronger against the euro on Friday, but, slightly weaker (-0.25%) across the week closing Friday at £1 = €1.1628. Brent crude oil futures (nearby) closed Friday at $76.10/barrel, down 11.1% across the week. The large drops in brent crude oil have been weighing on rapeseed prices and vegetable oils in recent weeks. [B]Read the full AHDB Cereals and Oilseeds weekly market report here: [/B][URL]https://ahdb.org.uk/news/arable-market-report-12-december-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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