Join us this morning for Spring Grain Market Outlook webinar! Grain market daily

• May-23 UK feed wheat futures closed at £191.85/t yesterday, up marginally (£0.30/t) from Friday’s close. New crop (Nov-23) futures also closed up slightly over the same period (£0.35/t), settling at £205.85/t. Forecast rains across the US plains and weaker Russian wheat export prices, limited support from worsening crop conditions in the US and uncertainty around the Black Sea export corridor.
• As at 23 April, 26% of the US winter wheat crop was rated as in good/excellent condition, down 1 percentage point on the week, according to the latest USDA crop conditions report. Furthermore, the proportion of the crop in poor/very poor condition has increased by 2 percentage points on the week to 41%.
• May-23 Paris rapeseed futures closed at €459.00/t yesterday, up €2.50/t from Friday’s close. The Nov-23 contract also closed up by €2.00/t, settling at €463.50/t.

At 10:30am today, our team of market experts will be going live for our 2023 Spring Grain market Outlook webinar.

To join us, please click here to register, it only takes a couple of minutes!

What’s on the agenda?

Following on from November’s Grain Market Outlook Conference, and two years of somewhat unprecedented market conditions, this farmer-focussed spring webinar concentrates on price direction for the new season, as well as looking to fill the funding gap created by reduced BPS to arable farmers. Our AHDB experts explore the Sustainable Farming Incentive (SFI) scheme and Countryside Stewardship to address this challenge, and we also take a look into carbon markets.

Part 1: Market Outlook

Looking to the new season (2023/2024), what can we expect from price direction for cereal and oilseed markets. The Market Specialist team look at the key factors driving markets, with a focus on domestic price and input costs.

Speakers: Millie Askew, Megan Hesketh, Anthony Speight

Part 2: Filling the funding gap: The Sustainable Farming Incentive and Countryside Stewardship.

How can farmers look to plug the gap left by the removal of Direct Payments? We look at the latest information available on ELMs and explore how various options could stack up financially.

Speaker: Amandeep Kaur Purewal.

Part 3: An insight into carbon markets

Speaker: Sarah Baker.

Please use the following link to register:

https://register.gotowebinar.com/register/2617925520854893141?source=AHDB+Website

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