AHDB - UK Agriculture and Horticulture Development Board

04/30/2024 | News release | Distributed by Public on 04/30/2024 07:04

US winter wheat rating dips following dry weather: Grain market daily

  • UK feed wheat futures (May-24) closed at £182.35/t yesterday, down £1.10/t from Friday's close. New crop futures (Nov-24) closed at £205.35/t, also down over the same period by £2.75/t.
  • UK feed wheat futures followed Chicago wheat futures down yesterday, amidst some potential relief from the dry weather seen in Russia recently. Rain has been forecasted in key Russian crop producing regions, providing some easing to supply worries.
  • Paris rapeseed futures (Nov-24) closed at €471.75/t yesterday, up €4.75/t from Friday's close. The last old crop contract (May-24) closed at €447.50/t yesterday, up €7.25/t over the same period. May-24 futures finish trading today.
  • Rapeseed followed soybeans up yesterday. Soyabeans had support from technical buying and the potential for fewer acres being shifted to soyabeans due to the current pace of maize planting. Weather concerns in Brazil also lent support to the market, with stress worries for later planted soyabean crops.