AHDB - UK Agriculture and Horticulture Development Board

05/25/2023 | News release | Distributed by Public on 05/25/2023 08:12

Analyst Insight: What does wheat availability and demand look like heading into next season?

  • UK feed wheat futures (Nov-23) closed yesterday at £184.95/t, down £3.15/t from Tuesday's close. The Nov-24 contract closed at £194.00/t, down £2.40/t over the same period.
  • Domestic prices followed both Paris and Chicago wheat markets down yesterday. Forecasts of well needed rain in key wheat growing regions in the US pressured prices.
  • Paris rapeseed futures (Nov-23) closed at €408.25/t yesterday, up €4.50/t over the session. The Nov-24 gained €6.00/t over the same period, to close at €417.50/t.
  • Rapeseed futures followed gains in the wider vegetable oils complex. Dealers and cargo surveyors said on Tuesday that India's palm oil imports are expected to fall to their lowest in 27 months and will be replaced by soya oil and sunflower oil.