- Location
- Stoneleigh
Monday 06 March 2023
Domestic delivered prices followed futures movements (Thursday to Thursday). Feed wheat delivered into East Anglia (Mar-23 delivery) was quoted at £226.50/t on Thursday, down £5.50/t on the week. Bread wheat delivered into the North West (Mar-23 delivery) fell £7.50/t over the week, quoted at £303.00/t on Thursday.
On Thursday, AHDB released the most recent UK human and industrial cereal usage data, as well as updated GB animal feed production figures. Reduced feed production continues to see cereal demand decline in the sector, with total cereal usage for compounders (wheat, barley, oats and maize), back 9% this season-to-date. For more information, read Thursday’s Grain Market Daily here.
Delivered rapeseed (into Erith, Mar-23 delivery) was quoted at £464.00/t on Friday, down £8.00/t across the week. Friday to Friday sterling was much unchanged (-0.04%) against the euro, closing Friday at £1 = €1.1322. Greater pressure was captured on our domestic market as Paris rapeseed futures gained on Friday afternoon (03 Mar), after the AHDB delivered survey was conducted.
Read the full AHDB Cereals and Oilseeds weekly market report here: https://ahdb.org.uk/news/arable-market-report-06-march-2023
Subscribe to receive Market Report direct into your e-mail inbox here - https://ahdb.org.uk/keeping-in-touch
UK focus
New crop UK feed wheat futures were trading at a premium to old crop prices for much of last week. However, over the week (Friday-Friday), the May-23 contract climbed 0.2%, while the Nov-23 contract was down 1.6%, seeing old crop prices creep back up higher than new crop on Friday.Domestic delivered prices followed futures movements (Thursday to Thursday). Feed wheat delivered into East Anglia (Mar-23 delivery) was quoted at £226.50/t on Thursday, down £5.50/t on the week. Bread wheat delivered into the North West (Mar-23 delivery) fell £7.50/t over the week, quoted at £303.00/t on Thursday.
On Thursday, AHDB released the most recent UK human and industrial cereal usage data, as well as updated GB animal feed production figures. Reduced feed production continues to see cereal demand decline in the sector, with total cereal usage for compounders (wheat, barley, oats and maize), back 9% this season-to-date. For more information, read Thursday’s Grain Market Daily here.
Rapeseed focus
Similar to soyabeans, Paris rapeseed prices (May-23) were pressured at the start of the week but supported at the end. However, overall, the contract did close down €3.50/t across the week to close on Friday at €538.50/t.Delivered rapeseed (into Erith, Mar-23 delivery) was quoted at £464.00/t on Friday, down £8.00/t across the week. Friday to Friday sterling was much unchanged (-0.04%) against the euro, closing Friday at £1 = €1.1322. Greater pressure was captured on our domestic market as Paris rapeseed futures gained on Friday afternoon (03 Mar), after the AHDB delivered survey was conducted.
Read the full AHDB Cereals and Oilseeds weekly market report here: https://ahdb.org.uk/news/arable-market-report-06-march-2023
Subscribe to receive Market Report direct into your e-mail inbox here - https://ahdb.org.uk/keeping-in-touch