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Bethan Wilkins

Analyst

AHDB Pork Market Intelligence

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Feed market update – August 2017

Home \ Prices & Stats \ News \ 2017 \ August \ Feed market update – August 2017

Read our commentary on latest developments in the global cereals and oilseed markets.

Over the past month, global grain markets have been weighed on by a combination of factors including Northern Hemisphere harvest pressure and improved US weather conditions, amidst a backdrop of ample global supply. These developments on the global stage has had a bearing on UK markets. From 25 July to 25 August, Nov-17 UK feed wheat futures lost 4% to settle at just under £140/t on 25 August.  From a more domestic perspective, by the 22 August 68% of the GB cereal and oilseed area was estimated to have been harvested, according to the latest AHDB harvest report.

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Over the course of the last month, global oilseed markets have diverged somewhat. While soyabean markets have been weighed down by ample global supplies, rapeseed prices have remained firm, driven by uncertainties surrounding world availability.  Between 25 July and 25 August Nov-17 Chicago soyabean futures lost 5%, to settle at $347/t. On the other hand, Nov-17 Paris rapeseed futures gained 2% over the same time frame, closing at €370.50/t on 25 August. 

To read about recent developments in the feed market in more detail, click here.

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Millie Askew, Senior Analyst

millie.askew@ahdb.org.uk, 024 7647 8968