AHDB - UK Agriculture and Horticulture Development Board

11/15/2024 | News release | Distributed by Public on 11/15/2024 07:44

Milling wheat premiums continue to ease: Grain market daily

  • UK feed wheat futures (Nov-24) ended yesterday's session at £174.85, up £0.80/t from Wednesday's contract low. The May-25 contract also gained £0.80/t over the same period, to close at £187.40/t.
  • Domestic wheat futures remain close to contract lows as pressure from a rally in the US dollar continues to impact global grain markets. Favourable conditions for new crop plantings in major exporting countries, as well as competitive Black Sea supplies are also weighing on wheat prices.
  • The May-25 Paris rapeseed futures contract closed at €525.50/t yesterday, down €3.75/t from Wednesday's close.
  • Following a recent rally, European rapeseed is losing ground from pressure in the wider oilseeds complex. US President-elect Donald Trump is expected to bring in policies that could hinder the US biofuel market, and as such, traders are assessing the potential impact on soyabean and soya oil demand.