Strong EU rapeseed yields keep prices under pressure: Grain market daily

• UK feed wheat futures (Nov-25) closed at £167.00/t yesterday, up £0.90/t (0.5%) from Friday’s close
• Domestic futures followed global futures, buy backs in short positions in the US and Europe supported prices yesterday, buying back at a low-price level allows traders to lock in profits from earlier sales made at higher prices. Support is limited due to strong competition from Black Sea wheat that is entering the international market. Paris milling wheat (Dec-25) moved upwards €2.00/t closing at €191.00/t (1.1%). Chicago wheat futures (Dec-25) closed at $192.40/t up $1.70/t (0.9%)
• Rapeseed remains under pressure due to strong European production; Germanys crop is up 9.4% on the year at 3.96 Mt. Production also looks strong globally with the Canadian harvest underway and strong prospects in Australia. Paris rapeseed futures (Nov-25) lost €1.25/t yesterday, closing at €460.00/t. Winnipeg canola futures (Nov-25) closed up 1.7%
• Eyes turn to the USDA WASDE report released on Friday 12 September

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