AHDB - UK Agriculture and Horticulture Development Board

05/17/2023 | News release | Distributed by Public on 05/17/2023 06:15

Black Sea Initiative – deal or no deal? Grain market daily

  • New crop (Nov-23) UK feed wheat futures closed at £197.35/t yesterday, down £3.15/t from Tuesday's close. UK markets followed global price movements down yesterday as talks over the Black Sea Initiative continue (read more below).
  • Paris rapeseed futures (Nov-23) closed at €417.25/t yesterday, down €13.25/t from Tuesday's close. Rapeseed markets were pressured by downward movements in US soyabean markets, with US soyabean plantings progressing well, as well as poor US export demand.