Cereals and Oilseeds markets
The latest industry data, analysis and insights to help inform your business decisions in the Cereals and Oilseeds sector.
Futures prices
Last updated: 06:06 AM, Thursday 9th July 2020
| UK (ICE) Feed Wheat | £/tonne | |
|---|---|---|
| Nov 20 | 169.30 (unch) | |
| Jan 21 | 170.95 (unch) | |
| Mar 21 | 172.55 (unch) | |
| May 21 | 174.15 (unch) | |
| Jul 21 | 163.20 (unch) | |
| Nov 21 | 153.20 (unch) | |
| Jan 22 | 155.10 (unch) | |
| Mar 22 | 157.00 (unch) | |
| May 22 | 158.95 (unch) | |
| Nov 22 | 138.95 (unch) |
| Paris (MATIF) Milling Wheat | €/tonne | |
|---|---|---|
| Sep 20 | 187.00 (unch) | |
| Dec 20 | 187.75 (unch) | |
| Mar 21 | 189.75 (unch) | |
| May 21 | 191.00 (unch) | |
| Sep 21 | 186.50 (unch) | |
| Dec 21 | 189.00 (unch) | |
| Mar 22 | 190.50 (unch) | |
| May 22 | 191.75 (unch) |
| Paris (MATIF) Rapeseed | €/tonne | |
|---|---|---|
| Aug 20 | 385.00 (unch) | |
| Nov 20 | 382.00 (unch) | |
| Feb 21 | 381.50 (unch) | |
| May 21 | 380.50 (unch) | |
| Aug 21 | 366.50 (unch) | |
| Nov 21 | 370.25 (unch) |
| Paris (MATIF) Maize | €/tonne | |
|---|---|---|
| Aug 20 | 173.75 (unch) | |
| Nov 20 | 165.50 (unch) | |
| Jan 21 | 168.50 (unch) | |
| Mar 21 | 170.50 (unch) | |
| Jun 21 | 173.25 (unch) | |
| Aug 21 | 179.75 (unch) |
| US (CBOT) Milling Wheat | US cents/bsh | |
|---|---|---|
| Jul 20 | 517.50 (unch) | |
| Sep 20 | 516.50 (unch) | |
| Dec 20 | 521.75 (unch) | |
| Mar 21 | 527.75 (unch) | |
| May 21 | 531.75 (unch) | |
| Jul 21 | 530.50 (unch) |
| US (CBOT) Maize | US cents/bsh | |
|---|---|---|
| Jul 20 | 348.25 (unch) | |
| Sep 20 | 346.25 (unch) | |
| Dec 20 | 354.25 (unch) | |
| Mar 21 | 364.50 (unch) | |
| May 21 | 370.50 (unch) | |
| Jul 21 | 375.00 (unch) |
| US (CBOT) Soyabeans | US cents/bsh | |
|---|---|---|
| Jul 20 | 894.75 (unch) | |
| Aug 20 | 892.50 (unch) | |
| Sep 20 | 890.75 (unch) | |
| Nov 20 | 897.25 (unch) | |
| Jan 21 | 902.75 (unch) | |
| Mar 21 | 899.25 (unch) |
15-minute delayed prices now updated every 5 minutes.
Source: Refinitiv.
Latest News
The current view of the global wheat market is that it’s looking well supplied in 2020/21 but there’s still potential for greater pressure or more support if crops come in larger or smaller.
Global grain prices received a sharp boost last week, particularly maize. Prices moved higher following the release of the USDA acreage report last Tuesday; maize plantings are estimated at 37.2Mha, down 2.0Mha from March’s intentions survey. If we see trend yields and abandonment, the US could still be set for a record crop. With a reduced crop area, weather again becomes an important swing factor for maize markets, particularly with the crop now silking.
Earlier this week, the USDA reported that US farmers had planted 2Mha less than they intended to plant back in March so we look at what this means for maize and wheat markets.
The release of the latest AHDB usage data has shown animal feed production down across all sectors in May.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates that Australia’s wheat production for 2020/21 will reach 26.6Mt, up 11.5Mt on the year.
UK feed barley prices could face further pressure in 2020/21 after data shows Canadian farmers have planted the most acres to barley since 2009.
