AHDB - UK Agriculture and Horticulture Development Board

05/31/2023 | News release | Distributed by Public on 05/31/2023 07:06

Potential for firm barley exports into the EU next season? Grain market daily

  • UK feed wheat futures (Nov-23) closed at £185.40/t yesterday, down £7.10/t from Friday's close. The Nov-24 contract was down £4.60/t over the same period, ending the session at £191.40/t.
  • The European Commission raised it's 2023/24 EU soft wheat crop forecast yesterday to 131.5 Mt, up from 130.2 Mt last month. If realised it would also be well above the 125.7 Mt harvested in 2022.
  • The Nov-23 Paris rapeseed futures contract closed at €394.00/t yesterday, down €17.00/t over the session. The Nov-24 contract closed at €399.50/t, down €18.25/t over the same period.
  • The European Commission increased its 2023/24 EU rapeseed production forecast yesterday, now at 20.2 Mt. This is up from 20.0 Mt a month earlier and 19.5 Mt in 2022/23.